The SPDR S&P 1500 Momentum Tilt ETF seeks to track the performance of the S&P 1500 Positive Momentum Tilt Index. The Index applies an alternative weighting methodology to the S&P 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P 1500 Index and stocks with relatively low momentum are underweight. In constructing the Index, Standard & Poor’s, Inc. estimates the momentum of each stock in the S&P 1500 Index based on its price performance over the 11 months ending one month before the index rebalancing date, and ranks all 1,500 Index constituents in order of momentum.The weight of each stock in the Index is proportionate to its market capitalization and sub-portfolio allocation. The Index is rebalanced quarterly, and as of 9/30/12, included approximately 1,491 securities. The SPDR S&P 1500 Momentum Tilt ETF’s expense ratio is 0.35 percent.
State Street Global Advisors Launches Pair Of SPDR® Tilt ETFs
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