$SPDR Russell 3000 ETF(SPTM)$ If you are new to investing in the US markets and do not know where to start, then SPTM would be a great starting point.
SPTM tracks the S&P Composite 1500 Index and offers broad exposure to the US Equity market. It includes the Large, Medium and Small companies. Total number of Holdings 1508 companies in just 1 ETF.
SPTM Top 10 holdings include Apple, Microsoft, Amazon, Alphabet, Tesla, META Platforms, Nvidia, Berkshire Hathaway and United Health. Total weightage is 27%.
It has very low expense ratio of 0.03%. The Fund Manager is State Street Global Advisors who is famous for the S&P500 ETF $S&P500 ETF(SPY)$ . SPTM started in 4 October 2000. Assets Under Management is USD6. 01 Billion.
The returns of SPTM are as follows :
4.03% at 1 month, 9.94% at 3 months, 29% YTD and 29.53% at 1 year!
The last closing price today is 58.77.
So if you had invested in SPTM and held it for 1 year, you would have made 29.53%! Isn't that amazing?
Best of all SPTM pays quarterly dividends too. The current yield is 1.24%.
As you can see, I have only just started to invest in SPTM 3 months ago and I am pleased with its results. I intend to dollar cost average into SPTM every month, watch it grow and let the magic of compounding happen.
$SPDR Russell 3000 ETF(SPTM)$ is a great ETF as it minimise my risk, is very diversified and easy on my pocket. It will not be bankrupt and offers me peace of mind too.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Are the dividends being used to reinvest or will they charge you for the expenses?