SPY was the first exchange-traded index fund sold in the U.S. Stock Market. Today’s investment goal remains the same from inception: to earn returns, before expenses, that correspond to the price and yield performance of the S&P 500 Total Return Index. The S&P 500 index measures the intraday value of the 500 largest stocks listed in U.S. stock exchanges. SPY’s annual expense ratio is 0.09% and the Fund is considered to be tax-efficient. It is structured as a unit investment trust (UIT) to protect the Fund from management error. The following profile and scorecard support a long-term investment in SPY.
Copyright © 2013 Douglas R. Knight