State Street® SPDR® S&P® 400 U.S. Mid Cap UCITS ETFTax rate and white-list share

Share classes of this fund

The white-list share is a property of the fund: it is identical across all its share classes (accumulating, distributing, currency-hedged). You are viewing the highlighted class. Accumulating or distributing: what changes →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Shares published in previous semesters

The issuer publishes a new share every semester. For a capital gain, the share of the semester in which the SALE took place applies — not today's.

Values as published by the issuer in the respective documents. Rebalix reports them and recomputes the rate; this is not tax advice.

How it works

State Street® SPDR® S&P® 400 U.S. Mid Cap UCITS ETF holds no «white-list» government bonds (0% share as reported by the issuer): the capital gain is taxed entirely at 26%. This is the norm for equity ETFs and corporate-bond ETFs — eligible government bonds are a different asset class.

In Italy, ETF capital gains are taxed at 26%. But the portion of the fund invested in Italian and «white-list» government bonds enjoys the reduced 12.5% rate. The effective rate is therefore a weighted average of the two, based on the share of government bonds the fund holds — a share each issuer certifies every semester as the average of the last two reports.

Worked example

Amounts are purely illustrative: the computation applies this fund's effective rate. The same share applies to capital gains and distributions.

Frequently asked questions