- Business
- State Street SPDR US Large Cap Low Volatility Index ETF (LGLV) is an exchange-traded fund that seeks to provide investment results, before fees and expenses, corresponding generally to the total return performance of the SSGA US Large Cap Low Volatility Index. The fund, launched on February 20, 2013, and domiciled in the United States, invests substantially all of its assets—at least 80%—in securities comprising the index, which measures the performance of the least volatile stocks among the largest 1,000 U.S. stocks by market capitalization listed on U.S. exchanges; the index employs a rules-based process to overweight lower-volatility securities while considering liquidity constraints. Managed by State Street Global Advisors (SSGA), a division of State Street Investment Management headquartered in Boston, Massachusetts, LGLV holds approximately 166-168 securities across diversified sectors including industrials, financials, information technology, real estate, utilities, consumer discretionary, health care, materials, consumer staples, communication services, and energy; top holdings as of recent data include Vulcan Materials Co., Linde PLC, Johnson & Johnson, PepsiCo Inc., Walmart Inc., Corteva Inc., Amphenol Corp., CME Group Inc., General Dynamics Corp., and Xcel Energy Inc. With a gross expense ratio of 0.12%, assets under management exceeding $1 billion, and a focus on U.S. large-cap equities exhibiting low historical price volatility, the ETF targets investors seeking reduced market fluctuations relative to broader indices like the Russell 1000, utilizing a representative sampling technique. In recent developments, the fund transitioned its benchmark from the Russell 1000 Low Volatility Index to the proprietary SSGA US Large Cap Low Volatility Index effective December 13, 2016, enhancing its methodology for volatility optimization; no major acquisitions, partnerships, funding rounds, or product launches specific to LGLV have been reported in the last 1-2 years, though SSGA has expanded its broader SPDR ETF suite with new low-cost offerings such as the SPDR S&P Leveraged Loan ETF in November 2025.