State Street Investment Management’s SPYM Selected as Exclusive Default ETF for Trump Accounts
State Street Investment Management's SPYM ETF has been selected as the exclusive default investment for the U.S. Department of the Treasury's new Trump Accounts program. The program is set to launch on July 4, 2026, and will provide eligible children with a one-time $1,000 government contribution while allowing up to $5,000 in annual contributions.
Key figures
- Etf aum usd
- $1,940.32 billion
- Total aum usd
- $5 trillion
- Program launch date
- 2026-07-04
- Spym expense ratio bps
- 2
- Initial gov contribution usd
- 1000
- Annual contribution limit usd
- 5000
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.