When a company such as SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the SLYG split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF shares, starting with a $10,000 purchase of SLYG, presented on a split-history-adjusted basis factoring in the complete SLYG split history.

About SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF

SPDR S&P 600 Small Cap Growth is an open-end investment management company. The Fund seeks to closely match the returns and characteristics of the S&P Small Cap 600 Growth Index. The selection universe for the S&P SmallCap 600 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion. As of June 30 2015, the Fund's total assets and investment portfolio totaled $655,680,257 and $642,657,847, respectively. According to our SLYG split history records, SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF has had 1 split.

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