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Name

As of 11/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Technology Select Sector SPDR Fund

XLK | ETF

$229.45

$65.5 B

0.69%

$1.59

0.09%

Vitals

YTD Return

19.8%

1 yr return

26.5%

3 Yr Avg Return

11.2%

5 Yr Avg Return

22.4%

Net Assets

$65.5 B

Holdings in Top 10

65.5%

52 WEEK LOW AND HIGH

$228.7
$182.86
$237.68

Expenses

OPERATING FEES

Expense Ratio 0.09%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 4.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Technology Select Sector SPDR Fund

XLK | ETF

$229.45

$65.5 B

0.69%

$1.59

0.09%

XLK - Profile

Distributions

  • YTD Total Return 19.8%
  • 3 Yr Annualized Total Return 11.2%
  • 5 Yr Annualized Total Return 22.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.81%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    The Technology Select Sector SPDR Fund
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Dec 22, 1998
  • Shares Outstanding
    298705897
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Karl Schneider

Fund Description

In seeking to track the performance of the Index, the Fund employs a replication strategy, which means that the Fund typically invests in substantially all of the securities represented in the Index in approximately the same proportions as the Index.
Under normal market conditions, the Fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the Index. The Fund will provide shareholders with at least 60 days' notice prior to any material change in this 95% investment policy. In addition, the Fund may invest in cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds (including money market funds advised by SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund).
The Index includes companies that have been identified as Information Technology companies by the Global Industry Classification Standard (GICS®), including securities of companies from the following industries: technology hardware, storage, and peripherals; software; communications equipment; semiconductors and semiconductor equipment; IT services; and electronic equipment, instruments and components. The Index is one of eleven Select Sector Indexes developed and maintained in accordance with the following criteria: (1) each of the component securities in the Index is a constituent of the S&P 500 Index; and (2) the Index is calculated by S&P Dow Jones Indices LLC (“S&P DJI”) based on a proprietary “modified market capitalization” methodology which means that modifications may be made to the market capitalization weights of single stock concentrations in order to conform to the requirements of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code” or “IRC”). As of November 30, 2023, the Index was composed of 64 stocks.
The Index is also sponsored and compiled by S&P DJI. S&P DJI determines the composition of the Index and relative weightings of the securities in the Index based on the Index methodology (as the “Index Compilation Agent”). S&P DJI also publishes information regarding the market value of the Index (as the “Index Provider”). S&P DJI is not affiliated with the Fund or the Adviser.
Read More

XLK - Performance

Return Ranking - Trailing

Period XLK Return Category Return Low Category Return High Rank in Category (%)
YTD 19.8% -20.9% 50.9% 70.00%
1 Yr 26.5% -14.0% 72.8% 79.09%
3 Yr 11.2%* -33.9% 17.3% 5.09%
5 Yr 22.4%* -10.8% 31.5% 10.50%
10 Yr 20.2%* 1.1% 26.7% 16.99%

* Annualized

Return Ranking - Calendar

Period XLK Return Category Return Low Category Return High Rank in Category (%)
2023 54.7% -5.6% 96.9% 23.29%
2022 -28.4% -73.9% -16.4% 6.48%
2021 33.7% -44.6% 51.5% 7.44%
2020 41.8% 5.5% 154.1% 50.25%
2019 47.9% -3.0% 63.7% 8.90%

Total Return Ranking - Trailing

Period XLK Return Category Return Low Category Return High Rank in Category (%)
YTD 19.8% -20.9% 50.9% 70.00%
1 Yr 26.5% -14.0% 72.8% 79.09%
3 Yr 11.2%* -33.9% 17.3% 5.09%
5 Yr 22.4%* -10.8% 31.5% 10.50%
10 Yr 20.2%* 1.1% 26.7% 16.99%

* Annualized

Total Return Ranking - Calendar

Period XLK Return Category Return Low Category Return High Rank in Category (%)
2023 56.0% -2.3% 96.9% 28.77%
2022 -27.7% -67.5% -5.9% 8.80%
2021 34.7% -17.8% 59.2% 15.35%
2020 43.6% 17.5% 157.5% 82.09%
2019 49.9% 7.5% 66.9% 20.94%

XLK - Holdings

Concentration Analysis

XLK Category Low Category High XLK % Rank
Net Assets 65.5 B 4.67 M 81.2 B 1.36%
Number of Holdings 70 10 321 42.53%
Net Assets in Top 10 46 B 1.67 M 56.8 B 1.36%
Weighting of Top 10 65.49% 13.2% 100.0% 12.67%

Top 10 Holdings

  1. Microsoft Corp 22.19%
  2. NVIDIA Corp 20.30%
  3. Apple Inc 4.48%
  4. Broadcom Inc 4.18%
  5. Advanced Micro Devices Inc 2.67%
  6. Salesforce Inc 2.55%
  7. Adobe Inc 2.54%
  8. Oracle Corp 2.29%
  9. QUALCOMM Inc 2.27%
  10. Applied Materials Inc 2.00%

Asset Allocation

Weighting Return Low Return High XLK % Rank
Stocks 		99.89% 0.00% 100.77% 19.00%
Cash 		0.12% 0.00% 26.97% 81.90%
Preferred Stocks 		0.00% 0.00% 8.61% 58.37%
Convertible Bonds 		0.00% 0.00% 0.40% 49.32%
Bonds 		0.00% 0.00% 87.98% 48.42%
Other 		0.00% -0.04% 26.87% 91.86%

Stock Sector Breakdown

Weighting Return Low Return High XLK % Rank
Technology 		89.02% 2.80% 100.00% 15.38%
Financial Services 		8.57% 0.00% 38.36% 11.31%
Industrials 		2.41% 0.00% 38.68% 38.01%
Utilities 		0.00% 0.00% 5.17% 47.06%
Real Estate 		0.00% 0.00% 15.05% 60.18%
Healthcare 		0.00% 0.00% 25.57% 76.02%
Energy 		0.00% 0.00% 1.24% 47.06%
Communication Services 		0.00% 0.00% 97.05% 93.21%
Consumer Defense 		0.00% 0.00% 5.64% 53.39%
Consumer Cyclical 		0.00% 0.00% 32.97% 90.05%
Basic Materials 		0.00% 0.00% 2.38% 52.94%

Stock Geographic Breakdown

Weighting Return Low Return High XLK % Rank
US 		99.89% 0.00% 100.77% 14.48%
Non US 		0.00% 0.00% 63.81% 72.40%

XLK - Expenses

Operational Fees

XLK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.09% 0.08% 5.04% 99.55%
Management Fee 0.03% 0.03% 1.95% 0.45%
12b-1 Fee 0.02% 0.00% 1.00% 39.34%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

XLK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

XLK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XLK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 4.00% 0.69% 281.00% 2.27%

XLK - Distributions

Dividend Yield Analysis

XLK Category Low Category High XLK % Rank
Dividend Yield 0.69% 0.00% 7.82% 12.67%

Dividend Distribution Analysis

XLK Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

XLK Category Low Category High XLK % Rank
Net Income Ratio 0.81% -2.30% 2.08% 2.30%

Capital Gain Distribution Analysis

XLK Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

XLK - Fund Manager Analysis

Managers

Karl Schneider

Start Date

Tenure

Tenure Rank

Jan 31, 2015

7.33

7.3%

Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.

David Chin

Start Date

Tenure

Tenure Rank

Jan 03, 2017

5.41

5.4%

David Chin is a Vice President of SSGA and a Senior Portfolio Manager in the Global Equity Beta Solutions Group at SSGA. Prior to joining SSGA in 1999, Mr. Chin was a product analyst in the Analytical Services Group at Frank Russell Company. Before this, he worked at OneSource Information Systems developing investment software. Preceding this, he was affiliated with PanAgora Asset Management in the Research and Development group creating quantitative investment models for international equities. Mr. Chin has been working in the investment management field since 1992. Mr. Chin holds a Bachelor of Science in Management Information Systems from the University of Massachusetts/Boston and a Master of Business Administration from the University of Arizona.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 8.25 1.41

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