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Business Description
Midcap SPDR Trust Series 1 issues exchange-traded funds called Standard & Poor's MidCap 400 Depositary Receipts or "MidCap SPDRs". The MidCap SPDR Trust holds all of the common stocks of the Standard & Poors MidCap 400 Index and is provides investment results that correspond to the price and yield performance of the S&P MidCap 400 Index. Initial Index ratio upon inception was 1/5 of MID.