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The Real Estate Select Sector SPDR Fund
ETF
XLRE
Payout Change
Pending
Price as of:
$43.47
-0.07
-0.16%
primary theme
Real Estate Sector Equity
XLRE (ETF)
The Real Estate Select Sector SPDR Fund
Payout Change
Pending
Price as of:
$43.47
-0.07
-0.16%
primary theme
Real Estate Sector Equity
XLRE (ETF)
The Real Estate Select Sector SPDR Fund
Payout Change
Pending
Price as of:
$43.47
-0.07
-0.16%
primary theme
Real Estate Sector Equity
Name
As of 11/20/2024Price
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
Vitals
YTD Return
11.1%
1 yr return
24.7%
3 Yr Avg Return
-0.1%
5 Yr Avg Return
6.1%
Net Assets
$5.92 B
Holdings in Top 10
60.0%
52 WEEK LOW AND HIGH
$43.5
$35.73
$45.36
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 11/20/2024Price
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
XLRE - Profile
Distributions
- YTD Total Return 11.1%
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return 6.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.05%
- Dividend Yield 2.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameThe Real Estate Select Sector SPDR Fund
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateOct 07, 2015
-
Shares Outstanding128000000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Feehily
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 Real Estate companies by the Global Industry Classification Standard (GICS®), including securities of companies from the following industries: real estate management and development; diversified real estate investment trusts (“REITs”); industrial REITs; hotel and resort REITs; office REITs; health care REITs; residential REITs; retail REITs; and specialized REITs. 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 31 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.
XLRE - Performance
Return Ranking - Trailing
| Period | XLRE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.1% | -8.2% | 20.7% | 41.46% |
| 1 Yr | 24.7% | -8.8% | 33.9% | 30.08% |
| 3 Yr | -0.1%* | -12.9% | 5.3% | 34.84% |
| 5 Yr | 6.1%* | -12.4% | 14.1% | 10.43% |
| 10 Yr | N/A* | -2.3% | 14.5% | 42.50% |
* Annualized
Return Ranking - Calendar
| Period | XLRE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.5% | -16.2% | 24.6% | 44.90% |
| 2022 | -28.7% | -51.3% | 2.5% | 27.05% |
| 2021 | 41.7% | -7.7% | 52.3% | 6.58% |
| 2020 | -5.5% | -42.2% | 35.0% | 19.13% |
| 2019 | 24.7% | 0.0% | 43.1% | 20.18% |
Total Return Ranking - Trailing
| Period | XLRE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.1% | -8.2% | 20.7% | 41.46% |
| 1 Yr | 24.7% | -8.8% | 33.9% | 30.08% |
| 3 Yr | -0.1%* | -12.9% | 5.3% | 34.84% |
| 5 Yr | 6.1%* | -12.4% | 14.1% | 10.43% |
| 10 Yr | N/A* | -2.3% | 14.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | XLRE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -13.7% | 25.0% | 37.14% |
| 2022 | -26.2% | -40.7% | 7.8% | 54.92% |
| 2021 | 46.1% | 7.8% | 54.6% | 14.81% |
| 2020 | -2.1% | -36.6% | 44.3% | 22.61% |
| 2019 | 28.7% | 4.1% | 46.4% | 37.22% |
XLRE - Holdings
Concentration Analysis
| XLRE | Category Low | Category High | XLRE % Rank | |
|---|---|---|---|---|
| Net Assets | 5.92 B | 1.32 M | 61.4 B | 6.28% |
| Number of Holdings | 33 | 22 | 519 | 86.18% |
| Net Assets in Top 10 | 3.73 B | 1.29 M | 32.8 B | 5.28% |
| Weighting of Top 10 | 60.00% | 13.2% | 90.0% | 23.98% |
Top 10 Holdings
- Prologis Inc 10.49%
- American Tower Corp 9.16%
- Equinix Inc 7.25%
- Welltower Inc 6.29%
- Simon Property Group Inc 4.99%
- Digital Realty Trust Inc 4.98%
- Realty Income Corp 4.64%
- Public Storage 4.59%
- Crown Castle Inc 4.28%
- Extra Space Storage Inc 3.32%
Asset Allocation
| Weighting | Return Low | Return High | XLRE % Rank | |
|---|---|---|---|---|
| Stocks | 99.62% | 0.00% | 105.52% | 15.04% |
| Cash | 0.38% | -42.50% | 24.34% | 84.55% |
| Other | 0.00% | -89.90% | 104.09% | 31.71% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 96.75% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 96.73% |
| Bonds | 0.00% | 0.00% | 155.83% | 96.75% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | XLRE % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 34.46% | 100.00% | 37.18% |
| Utilities | 0.00% | 0.00% | 3.55% | 96.58% |
| Technology | 0.00% | 0.00% | 12.02% | 97.44% |
| Industrials | 0.00% | 0.00% | 7.39% | 96.58% |
| Healthcare | 0.00% | 0.00% | 0.53% | 96.58% |
| Financial Services | 0.00% | 0.00% | 37.05% | 96.58% |
| Energy | 0.00% | 0.00% | 33.11% | 96.58% |
| Communication Services | 0.00% | 0.00% | 11.61% | 97.44% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 96.58% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 97.01% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 96.58% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | XLRE % Rank | |
|---|---|---|---|---|
| US | 99.62% | 0.00% | 105.52% | 11.38% |
| Non US | 0.00% | 0.00% | 37.90% | 97.15% |
XLRE - Expenses
Operational Fees
| XLRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.09% | 0.07% | 8.91% | 97.94% |
| Management Fee | 0.03% | 0.00% | 1.50% | 0.81% |
| 12b-1 Fee | 0.02% | 0.00% | 1.00% | 22.95% |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| XLRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| XLRE 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.
| XLRE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 4.00% | 0.11% | 380.00% | 2.64% |
XLRE - Distributions
Dividend Yield Analysis
| XLRE | Category Low | Category High | XLRE % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.87% | 0.00% | 13.03% | 22.76% |
Dividend Distribution Analysis
| XLRE | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| XLRE | Category Low | Category High | XLRE % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.05% | -1.14% | 6.05% | 16.05% |
Capital Gain Distribution Analysis
| XLRE | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.311 | OrdinaryDividend |
| Jun 24, 2024 | $0.387 | OrdinaryDividend |
| Mar 18, 2024 | $0.264 | OrdinaryDividend |
| Dec 18, 2023 | $0.421 | OrdinaryDividend |
| Sep 18, 2023 | $0.291 | OrdinaryDividend |
| Jun 20, 2023 | $0.359 | OrdinaryDividend |
| Mar 20, 2023 | $0.256 | OrdinaryDividend |
| Dec 19, 2022 | $0.421 | OrdinaryDividend |
| Sep 19, 2022 | $0.364 | OrdinaryDividend |
| Jun 21, 2022 | $0.312 | OrdinaryDividend |
| Mar 21, 2022 | $0.269 | OrdinaryDividend |
| Dec 20, 2021 | $0.425 | OrdinaryDividend |
| Sep 20, 2021 | $0.261 | OrdinaryDividend |
| Jun 21, 2021 | $0.285 | OrdinaryDividend |
| Mar 22, 2021 | $0.382 | OrdinaryDividend |
| Dec 21, 2020 | $0.466 | OrdinaryDividend |
| Sep 21, 2020 | $0.213 | OrdinaryDividend |
| Jun 22, 2020 | $0.270 | OrdinaryDividend |
| Mar 23, 2020 | $0.202 | OrdinaryDividend |
| Dec 20, 2019 | $0.413 | OrdinaryDividend |
| Sep 20, 2019 | $0.263 | OrdinaryDividend |
| Jun 21, 2019 | $0.303 | OrdinaryDividend |
| Mar 15, 2019 | $0.204 | OrdinaryDividend |
| Dec 21, 2018 | $0.369 | OrdinaryDividend |
| Sep 21, 2018 | $0.350 | OrdinaryDividend |
| Jun 15, 2018 | $0.269 | OrdinaryDividend |
| Mar 16, 2018 | $0.183 | OrdinaryDividend |
| Dec 15, 2017 | $0.365 | OrdinaryDividend |
| Sep 15, 2017 | $0.236 | OrdinaryDividend |
| Jun 16, 2017 | $0.272 | OrdinaryDividend |
| Mar 17, 2017 | $0.198 | OrdinaryDividend |
| Dec 16, 2016 | $0.551 | OrdinaryDividend |
| Sep 07, 2016 | $0.178 | OrdinaryDividend |
| Jun 17, 2016 | $0.266 | OrdinaryDividend |
| Mar 18, 2016 | $0.303 | OrdinaryDividend |
| Dec 18, 2015 | $0.340 | OrdinaryDividend |
XLRE - Fund Manager Analysis
Managers
Michael Feehily
Start Date
Tenure
Tenure Rank
Oct 07, 2015
6.65
6.7%
Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.
Karl Schneider
Start Date
Tenure
Tenure Rank
Oct 07, 2015
6.65
6.7%
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.
Amy Cheng
Start Date
Tenure
Tenure Rank
Jan 03, 2017
5.41
5.4%
Amy Cheng is a Vice President of SSGA and SSGA FM and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. She is responsible for managing various domestic, international and emerging market strategies. Prior to assuming her current role in May 2008, Ms. Cheng worked in SSGA's Implementation Group. She also worked as an operations associate responsible for funds managed by the active international equities team. Prior to joining SSGA in 2000, Ms. Cheng worked at Mellon Financial. Ms. Cheng earned a Bachelor of Arts in Economics and Political Science from the University of Rochester and a Master of Business Administration from the Carroll School of Management at Boston College. She is a member of the FTSE EPRA/NAREIT Global Real Estate Index Series Americas Regional Advisory Committee.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 28.42 | 8.3 | 16.42 |
