SPDR MFS Systematic Value Equity ETF
SYV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Jan 8, 2014
- CIK
- 0001516212
- Similar Companies
- Business
- SPDR MFS Systematic Value Equity ETF (SYV) seeks capital appreciation by investing at least 80% of its net assets in equity securities of large-cap U.S. companies identified as undervalued through a bottom-up fundamental and quantitative analysis approach; the portfolio includes common stocks, preferred stocks, and convertible securities across diversified sectors such as finance, producer manufacturing, health technology, consumer durables, technology services, utilities, and energy minerals. Launched on January 8, 2014, and sponsored by State Street Global Advisors (SSGA) with sub-advisory from Massachusetts Financial Services Company (MFS), the ETF targets institutional and retail investors seeking systematic value equity exposure primarily in the U.S. market. Headquartered in Boston, Massachusetts, as part of the SSGA Active Trust, it operated with approximately $16 million in assets under management prior to closure. In a major strategic change announced on January 26, 2021, State Street Global Advisors decided to close and liquidate SYV as part of an ongoing review of its SPDR ETF lineup, citing insufficient scale and net asset values; the final day for creations and redemptions was March 17, 2021, with trading suspended on March 18, 2021, and liquidation distributions completed on or about March 23-24, 2021. This action aligned with the shuttering of related SPDR MFS ETFs, including SYE and SYG, reflecting SSGA's focus on rationalizing underperforming active strategies amid industry consolidation. No subsequent relaunches, acquisitions, or partnerships involving SYV have been reported, confirming its defunct status since 2021.