State Street SPDR S&P 400 U.S. Mid Cap UCITS ETF (Dist) lists on the London Stock Exchange

State Street Investment Management has listed the State Street® SPDR® S&P® 400 U.S. Mid Cap UCITS ETF (Dist) (ISIN IE000UYVEVN3) on the London Stock Exchange.

Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy

Article created by the editorial staff of ETFWorld.co.uk

Yie-Hsin Hung, Chief Executive Officer State Street Investment Management

The distributing share class of State Street Investment Management’s US mid-cap ETF now trades in London in US dollars under the ticker US4D.

The ETF tracks the S&P MidCap 400 Index, which measures the performance of mid-sized US companies, and pays income to investors every quarter. The total expense ratio (TER) is 0.30%.

The London line trades in US dollars under the ticker US4D.

A US mid-cap ETF with quarterly distributions

The fund’s stated objective is to track the performance of mid-sized US companies. It does this through physical replication, holding the securities in the index.

The share class launched on 24 June 2025. It distributes dividends received from the underlying companies on a quarterly basis. According to State Street Investment Management, the distribution yield—measured as the 12-month historical payout per share divided by net asset value—was 0.85% as of 23 September 2026.

Where US4D trades

According to the issuer, the distributing share class now has three exchange listings:

Deutsche Börse (primary listing): EUR, listed 25 June 2025, ticker US4D

London Stock Exchange: USD, listed 22 September 2026, ticker US4D

Euronext Amsterdam: USD, listed 22 September 2026, ticker US4D

The fund is registered for distribution in 14 countries, including the United Kingdom.

The S&P MidCap 400 Index

The S&P MidCap 400 is a float-adjusted, capitalisation-weighted index of 400 securities. It is designed as a benchmark for mid-sized US companies. The index covers approximately 7% of the total US equity market. It aims to remain an accurate measure of mid-sized US companies and to reflect the risk and return characteristics of the broader mid-cap universe on an ongoing basis.

Sector allocation

Industrials is the largest sector in the portfolio, at close to a quarter of assets. Information technology and financials follow, each at about 15%.

Top ten holdings

Concentration in single names is low. The ten largest positions together account for 7.78% of the portfolio, and no single holding exceeds 1.30%.

Part of a three-class range

The State Street SPDR S&P 400 U.S. Mid Cap UCITS ETF is offered in three share classes:

USD Unhedged (Acc) – ISIN IE00B4YBJ215, launched on 30 January 2012. It has been listed on the London Stock Exchange since 2 February 2012 in US dollars (ticker SPY4) and since 4 April 2022 in sterling (ticker SPX4).

USD Unhedged (Dist) – ISIN IE000UYVEVN3, the share class now listed in London.

EUR Hedged (Dist) – a euro-hedged distributing class, ticker US4E.

All share classes track the same index and carry a TER of 0.30%. Until the London listing of US4D, UK investors trading on the LSE had access to this strategy through the accumulating class only. The new listing gives them a distributing option in US dollars.

The fund changed its name on 19 February 2026. It was previously called the SPDR® S&P® 400 U.S. Mid Cap UCITS ETF (Dist). The change added the State Street name to the fund’s branding.

Conclusions

The London listing of US4D adds a distributing, US dollar-denominated line of State Street Investment Management’s S&P MidCap 400 ETF to the UK market. The strategy is the same as that of the accumulating class, which has traded on the LSE since 2012 and holds most of the fund’s USD 6.2 billion in assets. The distributing class pays income quarterly, is eligible for ISAs and SIPPs, and has UK reporting status.

Source: ETFWorld.co.uk