State Street Investment Management’s SPYM Selected as Exclusive Default ETF for Trump Accounts
The lowest-cost S&P 500 ETF to drive long‑term investing for America’s next generation
State Street Investment Management today announced the State Street® SPDR® Portfolio S&P 500® ETF (Ticker: SPYM) has been selected by the U.S. Department of the Treasury as the exclusive default ETF for Trump Accounts to provide broad exposure to the U.S. stock market while maintaining low expenses. Trump Accounts are a new national initiative designed to help children begin investing early and participate in long‑term compound growth.
SPYM, the lowest-cost S&P 500 ETF in the market1, is designed to provide broad exposure to the largest publicly traded U.S. companies by tracking the S&P 500 index. It offers diversified access to established U.S. businesses across sectors through a single, ultra‑low‑cost investment intended to serve as a long-term core holding that delivers compounding from the outset.
The Treasury‑administered program, established under the Working Families Tax Cut Act, will launch on July 4, 2026, in conjunction with the 250th anniversary of the United States’ Declaration of Independence. Trump Accounts are designed to give children under 18 access to tax-advantaged investment accounts built around simple, low‑cost, index‑based exposure to the companies that power the U.S. economy.
