The U.S. Treasury Department selected the State Street SPDR Portfolio S&P 500 ETF, trading under the ticker SPYM, as the default investment for the new Trump Accounts program that launched on July 4, 2026. Every eligible newborn receives a $1,000 Treasury contribution invested entirely in SPYM, which tracks the S&P 500 with an expense ratio of 0.02%, slightly below the Vanguard S&P 500 ETF's 0.03%. SPYM's share price of around $89 makes it more accessible for small accounts than VOO's roughly $691, while both funds delivered nearly identical five-year returns near 86%. Despite holding 500 stocks, the top ten holdings account for 36% of assets, with information technology representing about 33.4% of the portfolio, meaning true diversification requires pairing SPYM with international equities, small caps, or bonds. SPYM's assets under management climbed by $35.77 billion in recent months, more than half from net inflows, and it had already crossed $100 billion in AUM on December 16, 2025.
State Street CorpState Street's SPYM ETF selected as default investment for Trump Accounts, driving significant inflows and AUM growth.
Vanguard's VOO ETF not selected as default; SPYM's lower expense ratio and share price make it more attractive for the program.
