SPDR Portfolio S&P 500 Value ETF

SPDR Portfolio S&P 500 Value ETF (SPYV) is a State Street index fund tracking the S&P 500 Value Index: S&P 500 stocks that look inexpensive relative to their book value, earnings and sales. Its 0.04% expense ratio (the yearly fee) ties for the lowest among similar funds, against 0.18% for iShares S&P 500 Value ETF (IVE), which holds nearly identical stocks. Apple and Amazon were its largest holdings as of June 30, 2026.

• Over the year to Nov 2, 2026, SPYV returned +16.8%, 5th of 9 among similar funds.
• Its 5-year annualized return was +11.6%.
• Its worst full calendar year was 2022 (-5.3%); its best was 2021 (+24.9%).
• The deepest fall in its price history was 17.9% (Apr 20, 2022 to Sep 30, 2022), recovered by Feb 1, 2023.

As of Jun 30, 2026, the fund held 437 securities; the ten largest made up 23.81% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $1.13B (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +5.85%, +1.96%, +0.05%.

SPYV aims to match, before fees, the total return (price changes plus dividends) of the S&P 500 Value Index from S&P Dow Jones Indices. That index starts with the S&P 500, large US-listed companies chosen by a committee that requires, among other tests, positive recent earnings. The value index keeps the stocks with the strongest value traits, judged by book value, earnings and sales relative to share price. As of July 31, 2026, it had 437 stocks.

Stocks are weighted by market capitalization, or total stock market value, so larger companies count for more, with caps to comply with US tax rules. As of June 30, 2026, Apple was 7.3% of the fund and the 10 largest holdings totaled about 24%. Technology and financials were the biggest sectors. The index lineup is rebuilt each December, and weights are adjusted every March, June, September and December.

SSGA Funds Management, the fund's investment adviser, may use sampling. That means holding a representative subset of index stocks rather than all of them. The fund normally keeps at least 80% of net assets in index securities and may use futures, a type of derivative, to manage cash. Like any ETF, its shares trade on an exchange at market prices that can differ from the value of the fund's holdings.

• SPYV charges 0.04% a year, versus an average of 0.09% for the similar funds below (1st of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $4 in the first year and $51 over 10 years (assuming a 5% annual return).

It spreads money across 437 large US-listed companies for 0.04% a year, though it covers only the value-leaning part of the S&P 500.

SPYV could supply broad, low-cost exposure to large value stocks plus modest income: a 1.65% yield over the 12 months to October 27, 2026, paid quarterly. Under the SEC's standard example ($10,000 invested, 5% yearly returns), costs total about $4 in year one and $51 over 10 years. Losses can be steep. It fell 25.31% in the first quarter of 2020, during the COVID crash. Its deepest drop in the 2022 bear market was 17.9%, and it regained its prior high by February 1, 2023, about four months after the low. Its worst calendar year in the decade through 2025 was 2018, down 8.95%. Figures for 2008 aren't available here. Anyone needing money during such stretches could end up cashing in shares at low prices.

Past results don't predict future ones, and a retirement plan needs to look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.