Key stats
About SPDR SSGA US Small Cap Low Volatility Index ETF
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Inception date
Feb 20, 2013
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
ISIN
US78468R8878
SMLV offers a low-volatility take on the US small-cap market. Basically, the fund applies a volatility optimizer to the Russell 2000 Index. SMLV aims for optimal low-volatility exposure by screening out other technical factors like momentum and beta while keeping turnover in check. Notably, the fund looks little like the broad small-cap market and comes with strong sector biases, with a significant exposure to financials. All in all, SMLV offers a valid take on the space, but investors should trade with limit orders and monitor asset levels. Note: Prior to December 13, 2016, the fund was called SPDR Russell 2000 Low Volatility ETF and tracked the Russell 2000 Low Volatility Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.89%
Finance40.36%
Health Technology6.57%
Electronic Technology6.54%
Commercial Services5.09%
Producer Manufacturing4.80%
Technology Services4.76%
Utilities4.36%
Process Industries4.26%
Consumer Services4.00%
Consumer Durables3.19%
Consumer Non-Durables2.83%
Retail Trade2.37%
Industrial Services2.14%
Transportation2.01%
Health Services1.90%
Distribution Services1.10%
Communications1.08%
Energy Minerals0.95%
Non-Energy Minerals0.87%
Miscellaneous0.70%
Bonds, Cash & Other0.11%
Mutual fund0.11%
Stock breakdown by region
North America97.01%
Europe1.13%
Middle East1.02%
Latin America0.74%
Asia0.11%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMLV invests in stocks. The fund's major sectors are Finance, with 40.36% stocks, and Health Technology, with 6.57% of the basket. The assets are mostly located in the North America region.
SMLV top holdings are TXNM Energy, Inc. and Phillips Edison & Company, Inc., occupying 0.75% and 0.69% of the portfolio correspondingly.
SMLV last dividends amounted to 0.87 USD. The quarter before, the issuer paid 0.83 USD in dividends, which shows a 4.58% increase.
SMLV assets under management is 191.67 M USD. It's fallen 4.56% over the last month.
SMLV fund flows account for −5.95 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SMLV pays dividends to its holders with the dividend yield of 2.88%. The last dividend (Sep 24, 2025) amounted to 0.87 USD. The dividends are paid quarterly.
SMLV shares are issued by State Street Corp. under the brand SPDR. The ETF was launched on Feb 20, 2013, and its management style is Passive.
SMLV expense ratio is 0.12% meaning you'd have to pay 0.12% of your investment to help manage the fund.
SMLV follows the SSGA US Small Cap Low Volatility Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMLV invests in stocks.
SMLV price has fallen by −4.61% over the last month, and its yearly performance shows a 3.29% increase. See more dynamics on SMLV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −2.47% over the last month, have fallen by −2.47% over the last month, showed a 0.49% increase in three-month performance and has increased by 5.98% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −2.47% over the last month, have fallen by −2.47% over the last month, showed a 0.49% increase in three-month performance and has increased by 5.98% in a year.
SMLV trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.