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The Technology Select Sector SPDR Fund
ETF
XLK
Payout Change
Pending
Price as of:
$222.24
-7.37
-3.21%
primary theme
Technology Sector Equity
XLK (ETF)
The Technology Select Sector SPDR Fund
Payout Change
Pending
Price as of:
$222.24
-7.37
-3.21%
primary theme
Technology Sector Equity
XLK (ETF)
The Technology Select Sector SPDR Fund
Payout Change
Pending
Price as of:
$222.24
-7.37
-3.21%
primary theme
Technology Sector Equity
Name
As of 10/31/2024Price
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
16.1%
1 yr return
33.9%
3 Yr Avg Return
12.2%
5 Yr Avg Return
22.4%
Net Assets
$65.5 B
Holdings in Top 10
65.5%
52 WEEK LOW AND HIGH
$229.6
$172.89
$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 10/31/2024Price
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
XLK - Profile
Distributions
- YTD Total Return 16.1%
- 3 Yr Annualized Total Return 12.2%
- 5 Yr Annualized Total Return 22.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.81%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameThe Technology Select Sector SPDR Fund
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateDec 22, 1998
-
Shares Outstanding298705897
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKarl 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.
XLK - Performance
Return Ranking - Trailing
| Period | XLK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.1% | -21.1% | 44.5% | 74.09% |
| 1 Yr | 33.9% | -1.3% | 80.5% | 80.45% |
| 3 Yr | 12.2%* | -35.3% | 24.3% | 4.63% |
| 5 Yr | 22.4%* | -10.5% | 33.4% | 13.57% |
| 10 Yr | 20.1%* | 1.4% | 27.2% | 17.76% |
* 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 | 16.1% | -21.1% | 44.5% | 74.09% |
| 1 Yr | 33.9% | -1.3% | 80.5% | 80.45% |
| 3 Yr | 12.2%* | -35.3% | 24.3% | 4.63% |
| 5 Yr | 22.4%* | -10.5% | 33.4% | 13.57% |
| 10 Yr | 20.1%* | 1.4% | 27.2% | 17.76% |
* 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
- Microsoft Corp 22.19%
- NVIDIA Corp 20.30%
- Apple Inc 4.48%
- Broadcom Inc 4.18%
- Advanced Micro Devices Inc 2.67%
- Salesforce Inc 2.55%
- Adobe Inc 2.54%
- Oracle Corp 2.29%
- QUALCOMM Inc 2.27%
- 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% | 62.44% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 52.94% |
| Bonds | 0.00% | 0.00% | 87.98% | 52.49% |
| 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% | 50.23% |
| Real Estate | 0.00% | 0.00% | 15.05% | 63.80% |
| Healthcare | 0.00% | 0.00% | 25.57% | 77.83% |
| Energy | 0.00% | 0.00% | 1.24% | 49.77% |
| Communication Services | 0.00% | 0.00% | 97.05% | 94.57% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 55.66% |
| Consumer Cyclical | 0.00% | 0.00% | 32.97% | 93.21% |
| Basic Materials | 0.00% | 0.00% | 2.38% | 56.11% |
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% | 76.47% |
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 | 0.72% | 0.00% | 7.82% | 12.67% |
Dividend Distribution Analysis
| XLK | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annual |
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
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.399 | OrdinaryDividend |
| Jun 24, 2024 | $0.400 | OrdinaryDividend |
| Mar 18, 2024 | $0.339 | OrdinaryDividend |
| Dec 18, 2023 | $0.422 | OrdinaryDividend |
| Sep 18, 2023 | $0.360 | OrdinaryDividend |
| Jun 20, 2023 | $0.362 | OrdinaryDividend |
| Mar 20, 2023 | $0.315 | OrdinaryDividend |
| Dec 19, 2022 | $0.365 | OrdinaryDividend |
| Sep 19, 2022 | $0.317 | OrdinaryDividend |
| Jun 21, 2022 | $0.323 | OrdinaryDividend |
| Mar 21, 2022 | $0.286 | OrdinaryDividend |
| Dec 20, 2021 | $0.317 | OrdinaryDividend |
| Sep 20, 2021 | $0.273 | OrdinaryDividend |
| Jun 21, 2021 | $0.259 | OrdinaryDividend |
| Mar 22, 2021 | $0.273 | OrdinaryDividend |
| Dec 21, 2020 | $0.298 | OrdinaryDividend |
| Sep 21, 2020 | $0.247 | OrdinaryDividend |
| Jun 22, 2020 | $0.281 | OrdinaryDividend |
| Mar 23, 2020 | $0.371 | OrdinaryDividend |
| Dec 20, 2019 | $0.295 | OrdinaryDividend |
| Sep 20, 2019 | $0.253 | OrdinaryDividend |
| Jun 21, 2019 | $0.278 | OrdinaryDividend |
| Mar 15, 2019 | $0.233 | OrdinaryDividend |
| Dec 21, 2018 | $0.265 | OrdinaryDividend |
| Sep 21, 2018 | $0.254 | OrdinaryDividend |
| Jun 15, 2018 | $0.255 | OrdinaryDividend |
| Mar 16, 2018 | $0.218 | OrdinaryDividend |
| Dec 15, 2017 | $0.238 | OrdinaryDividend |
| Sep 15, 2017 | $0.209 | OrdinaryDividend |
| Jun 16, 2017 | $0.223 | OrdinaryDividend |
| Mar 17, 2017 | $0.205 | OrdinaryDividend |
| Dec 16, 2016 | $0.216 | OrdinaryDividend |
| Sep 16, 2016 | $0.196 | OrdinaryDividend |
| Jun 17, 2016 | $0.211 | OrdinaryDividend |
| Mar 18, 2016 | $0.220 | OrdinaryDividend |
| Dec 18, 2015 | $0.216 | OrdinaryDividend |
| Sep 18, 2015 | $0.183 | OrdinaryDividend |
| Jun 19, 2015 | $0.193 | OrdinaryDividend |
| Mar 20, 2015 | $0.173 | OrdinaryDividend |
| Dec 19, 2014 | $0.216 | OrdinaryDividend |
| Sep 19, 2014 | $0.174 | OrdinaryDividend |
| Jun 20, 2014 | $0.176 | OrdinaryDividend |
| Mar 21, 2014 | $0.157 | OrdinaryDividend |
| Dec 20, 2013 | $0.171 | OrdinaryDividend |
| Sep 20, 2013 | $0.158 | OrdinaryDividend |
| Jun 21, 2013 | $0.155 | OrdinaryDividend |
| Mar 15, 2013 | $0.124 | OrdinaryDividend |
| Dec 21, 2012 | $0.168 | OrdinaryDividend |
| Sep 21, 2012 | $0.130 | OrdinaryDividend |
| Jun 15, 2012 | $0.109 | OrdinaryDividend |
| Mar 16, 2012 | $0.096 | OrdinaryDividend |
| Dec 16, 2011 | $0.109 | OrdinaryDividend |
| Sep 16, 2011 | $0.094 | OrdinaryDividend |
| Jun 17, 2011 | $0.098 | OrdinaryDividend |
| Mar 18, 2011 | $0.084 | OrdinaryDividend |
| Dec 17, 2010 | $0.090 | OrdinaryDividend |
| Sep 17, 2010 | $0.081 | OrdinaryDividend |
| Jun 18, 2010 | $0.079 | OrdinaryDividend |
| Mar 19, 2010 | $0.073 | OrdinaryDividend |
| Dec 18, 2009 | $0.079 | OrdinaryDividend |
| Sep 18, 2009 | $0.077 | OrdinaryDividend |
| Jun 19, 2009 | $0.081 | OrdinaryDividend |
| Mar 20, 2009 | $0.077 | OrdinaryDividend |
| Dec 19, 2008 | $0.081 | OrdinaryDividend |
| Sep 19, 2008 | $0.071 | OrdinaryDividend |
| Jun 20, 2008 | $0.069 | OrdinaryDividend |
| Mar 20, 2008 | $0.006 | OrdinaryDividend |
| Dec 21, 2007 | $0.123 | OrdinaryDividend |
| Sep 21, 2007 | $0.053 | OrdinaryDividend |
| Jun 15, 2007 | $0.018 | OrdinaryDividend |
| Dec 15, 2006 | $0.135 | OrdinaryDividend |
| Sep 15, 2006 | $0.044 | OrdinaryDividend |
| Dec 16, 2005 | $0.148 | OrdinaryDividend |
| Dec 17, 2004 | $0.112 | OrdinaryDividend |
| Dec 17, 2004 | $0.306 | ExtraDividend |
| Dec 19, 2003 | $0.141 | OrdinaryDividend |
| Dec 20, 2002 | $0.041 | OrdinaryDividend |
| Dec 17, 1999 | $0.001 | OrdinaryDividend |
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 |
