When a company such as SPDR Series Trust - Portfolio S&P 600 Small Cap 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 SPSM split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPDR Series Trust - Portfolio S&P 600 Small Cap ETF shares, starting with a $10,000 purchase of SPSM, presented on a split-history-adjusted basis factoring in the complete SPSM split history.

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

The SPDR Russell 2000 ETF (the “Fund”) is an open-end management investment company. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of small capitalization, exchange-traded U.S. equity securities. In seeking this objective, the Fund uses a sampling strategy. As of June 30 2015, the Fund's total assets and investment porfolio totaled $99,125,429 and $91,967,220, respectively. According to our SPSM split history records, SPDR Series Trust - Portfolio S&P 600 Small Cap ETF has had 1 split.

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