Some things you should know about the SPY ETF
The SPDR SPY ETF is the oldest ETF in the world and provides exposure to the 500 largest US-listed shares. These 500 shares represent approximately 80% of the total market capitalisation of the US stock market.
According to our most recent data, the SPY ETF had $127.84 million of money invested. With SPY’s total funds under management (FUM) figure over $100 million, the ETF meets our team’s minimum investment criteria for FUM levels. As a general rule, our team draws the line at $100 million for ETFs in the International shares sector because we believe that, relative to smaller ETFs, achieving this amount of FUM lowers the chance that the ETF issuer will close the ETF.
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The WDIV ETF – a quick look for savvy investors
WDIV invests in shares of global companies that have a strong track record for paying dividends to their investors (i.e. they have paid a dividend for at least 10 years in a row).
With our numbers for July 2022, WDIV’s FUM stood at $340.25 million. Since the WDIV’s FUM is over $100 million, our investing team would say the ETF has met our minimum criteria for the total amount invested, otherwise known as FUM. A very sustainable ETF in the Yield/income sector should be able to scale well and become profitable for the ETF issuer.
A look at the WDIV ETF fee load?
SPDR, the ETF issuer, charges a yearly management fee of 0.5% for the WDIV ETF. Meaning, if you invest $2,000 for a full year from now you can expect to pay a management fee of around $10.00.
The management fee is above the average for all ETFs on our list of ASX ETFs, but keep in mind the ETF may be able to justify the higher price tag with superior performance over time.
The SPDR WDIV ETF might be one idea for the watchlist but before you go any further, click here to get our full ETF review – it’s free.
