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Name

As of 06/11/2026

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

State Street® US Sector Rotation ETF

XLSR | Active ETF

$64.32

$994 M

0.43%

$0.28

0.70%

Vitals

YTD Return

1.6%

1 yr return

18.6%

3 Yr Avg Return

15.6%

5 Yr Avg Return

9.1%

Net Assets

$994 M

Holdings in Top 10

92.3%

52 WEEK LOW AND HIGH

$63.2
$53.00
$66.59

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 263.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/11/2026

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

State Street® US Sector Rotation ETF

XLSR | Active ETF

$64.32

$994 M

0.43%

$0.28

0.70%

XLSR - Profile

Distributions

  • YTD Total Return 1.6%
  • 3 Yr Annualized Total Return 15.6%
  • 5 Yr Annualized Total Return 9.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.89%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    State Street® US Sector Rotation ETF
  • Fund Family Name
    State Street Investment Management Funds
  • Inception Date
    Apr 03, 2019
  • Shares Outstanding
    5260000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Narkiewicz

Fund Description

The Fund primarily invests its assets in securities of other exchange-traded funds (“ETFs”) and common stocks of individual U.S. companies. In particular, the Fund allocates its assets among (i) ETFs that each focus on common stocks of companies included in an individual sector of the S&P 500® Index, as determined by the Global Industry Classification Standard (GICS®) (each, an “Equity Sector” and collectively, the “Equity Sectors”) (each such ETF, an “Equity Sector ETF”) and (ii) common stocks of companies included in the Equity Sectors (“Equity Sector Common Stocks”). As of the date of this Prospectus, the Equity Sectors include: communication services, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, real estate, information technology and utilities. Components of the S&P 500 Index, and the sector classifications as determined by GICS, are subject to change and are not controlled by the Fund or the Adviser. SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), the Fund's investment adviser, allocates the Fund's investment exposures among the Equity Sectors based on a proprietary sector selection model. The sector selection model first incorporates macroeconomic, financial and market data to arrive at a projected return forecast for each Equity Sector. Using these projected return forecasts, the model then allocates the weightings of each Equity Sector to construct a target Equity Sector allocation (the “Target Equity Sector Allocation”) that seeks to maximize expected return. The portfolio's final sector allocation is subject to the Adviser's risk and diversification constraints, which limit the amount an Equity Sector may represent in the portfolio. The Adviser may not fully implement the results of the sector selection model if it believes the model does not take into account all relevant data, or that a different evaluation or weighting of the data is more appropriate. It is possible the Fund may not have exposure to all Equity Sectors at all times. The Adviser obtains exposure to specific Equity Sectors by allocating assets primarily among the corresponding Equity Sector ETFs and/or Equity Sector Common Stocks based on a proprietary optimization-based portfolio construction process designed to limit the variance between (i) the return of the Fund's investments and (ii) the return of the Target Equity Sector Allocation. The Adviser typically rebalances the Fund's portfolio on a monthly basis, although rebalancing may occur more frequently depending on market conditions. The Adviser buys and sells securities for the Fund at each rebalancing based on the results of the process described above. As a result of frequent rebalances, the Fund may experience a high turnover rate. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investments purposes) directly or indirectly through the underlying ETFs, in securities of U.S. companies. The Fund may invest in ETFs that pay fees to the Adviser and its affiliates for management, marketing or other services.
Read More

XLSR - Performance

Return Ranking - Trailing

Period XLSR Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -13.2% 35.4% 90.23%
1 Yr 18.6% -15.6% 77.2% 62.17%
3 Yr 15.6%* 1.1% 37.9% 78.04%
5 Yr 9.1%* -4.1% 18.6% 78.99%
10 Yr N/A* 5.8% 55.4% 81.22%

* Annualized

Return Ranking - Calendar

Period XLSR Return Category Return Low Category Return High Rank in Category (%)
2025 16.6% -25.2% 36.9% 6.83%
2024 16.8% -51.6% 37.0% 37.23%
2023 17.6% -15.6% 47.4% 58.13%
2022 -17.2% -56.3% 1.1% 14.16%
2021 16.4% -27.2% 537.8% 54.15%

Total Return Ranking - Trailing

Period XLSR Return Category Return Low Category Return High Rank in Category (%)
YTD 1.6% -13.2% 35.4% 90.23%
1 Yr 18.6% -15.6% 77.2% 62.17%
3 Yr 15.6%* 1.1% 37.9% 78.04%
5 Yr 9.1%* -4.1% 18.6% 78.99%
10 Yr N/A* 5.8% 55.4% N/A

* Annualized

Total Return Ranking - Calendar

Period XLSR Return Category Return Low Category Return High Rank in Category (%)
2025 17.2% -3.4% 43.4% 39.54%
2024 17.6% -20.1% 44.5% 77.39%
2023 18.9% 0.3% 47.4% 77.78%
2022 -15.7% -31.9% 11.0% 29.39%
2021 20.5% 4.1% 537.8% 91.43%

XLSR - Holdings

Concentration Analysis

XLSR Category Low Category High XLSR % Rank
Net Assets 994 M 3.86 M 2.31 T 62.85%
Number of Holdings 24 2 3885 97.78%
Net Assets in Top 10 782 M 3.24 M 639 B 48.32%
Weighting of Top 10 92.34% 2.5% 102.7% 1.69%

Top 10 Holdings

  1. State Street Technology Select Sector SPDR ETF 21.34%
  2. State Street Health Care Select Sector SPDR ETF 16.66%
  3. State Street Industrial Select Sector SPDR ETF 13.27%
  4. State Street Navigator Securities Lending Portfolio II 8.85%
  5. State Street Communication Services Select Sector SPDR ETF 7.01%
  6. State Street Financial Select Sector SPDR ETF 6.54%
  7. Alphabet Inc 5.39%
  8. NVIDIA Corp 4.82%
  9. Apple Inc 4.29%
  10. Alphabet Inc 4.17%

Asset Allocation

Weighting Return Low Return High XLSR % Rank
Stocks 		99.92% 0.00% 105.13% 4.88%
Cash 		8.98% 0.00% 69.97% 2.22%
Preferred Stocks 		0.00% 0.00% 5.74% 95.57%
Other 		0.00% -13.91% 100.00% 82.89%
Convertible Bonds 		0.00% 0.00% 5.54% 95.55%
Bonds 		0.00% 0.00% 136.21% 95.48%

Stock Sector Breakdown

Weighting Return Low Return High XLSR % Rank
Technology 		23.51% 0.00% 48.94% 59.49%
Financial Services 		16.46% 0.00% 55.59% 19.71%
Industrials 		9.46% 0.00% 29.90% 43.40%
Consumer Defense 		9.32% 0.00% 47.71% 13.20%
Basic Materials 		7.89% 0.00% 19.45% 3.89%
Healthcare 		7.88% 0.00% 52.29% 94.67%
Utilities 		7.49% 0.00% 15.25% 2.71%
Consumer Cyclical 		7.34% 0.00% 30.33% 85.80%
Energy 		6.85% 0.00% 41.64% 7.78%
Real Estate 		2.27% 0.00% 31.91% 63.92%
Communication Services 		1.54% 0.00% 27.94% 96.75%

Stock Geographic Breakdown

Weighting Return Low Return High XLSR % Rank
US 		99.92% 0.00% 101.31% 3.63%
Non US 		0.00% 0.00% 70.69% 96.90%

XLSR - Expenses

Operational Fees

XLSR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.01% 4.93% 55.71%
Management Fee 0.70% 0.00% 1.89% 86.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

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

Trading Fees

XLSR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

XLSR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 263.00% 0.00% 268.00% 99.68%

XLSR - Distributions

Dividend Yield Analysis

XLSR Category Low Category High XLSR % Rank
Dividend Yield 0.43% 0.00% 25.47% 65.34%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

XLSR Category Low Category High XLSR % Rank
Net Income Ratio 0.89% -54.00% 2.44% 39.95%

Capital Gain Distribution Analysis

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

Distributions History

View More +

XLSR - Fund Manager Analysis

Managers

Michael Narkiewicz

Start Date

Tenure

Tenure Rank

Apr 02, 2019

3.16

3.2%

Michael Narkiewicz is a Principal of SSGA and SSGA FM and a Portfolio Manager in the Investment Solutions Group (ISG), where he is responsible for implementing customized investment approaches, including strategic and tactical multi-asset class solutions, for institutional clients. Prior to his current role, Mr. Narkiewicz was a portfolio specialist within the Global Product and Marketing Group. In that role, he focused on supporting passive equity products as a subject matter expert and a liaison between the portfolio management team and the client-facing functions at SSGA. His responsibilities included investment research and analysis as well as product positioning and messaging across multiple investment strategies. Before joining SSGA, Mr. Narkiewicz was a senior portfolio analyst at Shepherd Kaplan and an equity trader at Congress Asset Management. He holds a Bachelor of Science degree in Finance from Bentley University and a Master of Business Administration with a concentration in Finance from the D’Amore-McKim School of Business at Northeastern University.

Michael Martel

Start Date

Tenure

Tenure Rank

Apr 02, 2019

3.16

3.2%

Mike is a Managing Director of State Street Global Advisors and the Head of Portfolio Management in the Americas for SSGA's Investment Solutions Group (ISG). In this role, he is responsible for the design and management of multi-asset class strategies geared towards meeting the investment objectives of a broad and diverse client base. His work with clients includes aligning assets with long and short-term investment objectives, tactical asset allocation, and employing overlay strategies to enhance return and better manage risks. Prior to this role, Mike led ISG's Exposure Management Team. He has been working in the investment management field since 1992. Mike holds a Bachelor of Arts degree in Economics from the College of the Holy Cross and Master degrees in both Finance and Business Administration from the Carroll School of Management at Boston College.

Jeremiah Holly

Start Date

Tenure

Tenure Rank

Oct 31, 2020

1.58

1.6%

Jerry is a Vice President at State Street Global Advisors and a Senior Portfolio Manager with the Investment Solutions Group (ISG). In this role, Jerry is responsible for managing a variety of multi-asset class portfolios, including tactical asset allocation strategies and derivatives-based overlay strategies. He is actively involved in the investment research that underpins the team's views across capital markets and also plays a key role in articulating those perspectives and ideas to clients. Before joining the Investment Solutions Group, Jerry was a member of the firm's Consultant Relations department supporting asset allocation and fixed income investment strategies. Prior to joining SSgA in 2005, Jerry worked as a Research Analyst at Chmura Economics & Analytics - an economic research firm in Richmond, Virginia. Jerry graduated from the University of Richmond with a Bachelor of Arts degree in Economics. He earned the Chartered Financial Analyst designation and is a member of both the Boston Security Analysts Society and CFA Institute. Jerry also serves on the Board of Directors for Tutoring Plus of Cambridge, a nonprofit tutoring and mentoring organization based in Cambridge, MA.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.35 2.25

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