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Critical Facts You Need to Know About Preferred Stocks
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SPDR® NYSE Technology ETF
ETF
XNTK
Payout Change
Pending
Price as of:
$202.885
+0.66
+0.33%
primary theme
Technology Sector Equity
XNTK (ETF)
SPDR® NYSE Technology ETF
Payout Change
Pending
Price as of:
$202.885
+0.66
+0.33%
primary theme
Technology Sector Equity
XNTK (ETF)
SPDR® NYSE Technology ETF
Payout Change
Pending
Price as of:
$202.885
+0.66
+0.33%
primary theme
Technology Sector Equity
Name
As of 11/19/2024Price
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
24.0%
1 yr return
32.8%
3 Yr Avg Return
5.6%
5 Yr Avg Return
21.9%
Net Assets
$743 M
Holdings in Top 10
38.5%
52 WEEK LOW AND HIGH
$202.2
$152.15
$207.80
Expenses
OPERATING FEES
Expense Ratio 0.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/19/2024Price
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
XNTK - Profile
Distributions
- YTD Total Return 24.0%
- 3 Yr Annualized Total Return 5.6%
- 5 Yr Annualized Total Return 21.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.35%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSPDR® NYSE Technology ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateSep 29, 2000
-
Shares Outstanding3800012
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Feehily
Fund Description
In seeking to track the performance of the NYSE Technology Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective.Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. In addition, in seeking to track the Index, the Fund may invest in equity securities that are not included in the Index. The Fund may also invest in cash and cash equivalents or money market instruments (including money market funds advised by the Adviser) for cash management purposes. In seeking to track the Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. Futures contracts (a type of derivative instrument) may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows.The Index is composed of 35 leading U.S.-listed technology-related companies. The investible universe of the Index comprises all stocks in the Technology sector and technology-related stocks in the Consumer Discretionary sector, as defined by the Index Provider (as defined below) that are listed on major U.S. stock exchanges and meet the following criteria as of the index rebalance reference date: (i) issued by a company with a minimum market capitalization of $2 billion and (ii) have a trailing 3-month average daily traded value of $10 million. Stocks must also meet at least one of the following three revenue- and sales-based criteria: (i) sales from the latest quarter increased compared to sales from the same quarter of the previous year, (ii) have only one consecutive quarter of negative sales growth over the last two years, or (iii) have revenue totals from the last four quarters that classify it within the top 75 companies within the specific industry classification designated to it by the Index Provider. Eligible stocks are then ranked based on market capitalization and liquidity, and the top 35 stocks are selected for inclusion in the Index. At least 75% of the companies included in the Index must be headquartered in the United States. The Index is equal-weighted and rebalanced annually after the close of trading on the third Friday of December. As of July 31, 2024 the Index comprised 35 stocks.The Index is sponsored by ICE Data Indices, LLC (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
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XNTK - Performance
Return Ranking - Trailing
| Period | XNTK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.0% | -20.7% | 60.5% | 56.82% |
| 1 Yr | 32.8% | -13.7% | 78.8% | 55.00% |
| 3 Yr | 5.6%* | -33.7% | 17.9% | 48.61% |
| 5 Yr | 21.9%* | -10.7% | 32.3% | 15.00% |
| 10 Yr | 19.2%* | 1.2% | 26.8% | 32.03% |
* Annualized
Return Ranking - Calendar
| Period | XNTK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 69.4% | -5.6% | 96.9% | 2.74% |
| 2022 | -41.5% | -73.9% | -16.4% | 59.26% |
| 2021 | 17.2% | -44.6% | 51.5% | 26.98% |
| 2020 | 73.1% | 5.5% | 154.1% | 11.44% |
| 2019 | 37.2% | -3.0% | 63.7% | 39.79% |
Total Return Ranking - Trailing
| Period | XNTK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.0% | -20.7% | 60.5% | 56.82% |
| 1 Yr | 32.8% | -13.7% | 78.8% | 55.00% |
| 3 Yr | 5.6%* | -33.7% | 17.9% | 48.61% |
| 5 Yr | 21.9%* | -10.7% | 32.3% | 15.00% |
| 10 Yr | 19.2%* | 1.2% | 26.8% | 32.03% |
* Annualized
Total Return Ranking - Calendar
| Period | XNTK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 70.1% | -2.3% | 96.9% | 4.57% |
| 2022 | -41.1% | -67.5% | -5.9% | 77.31% |
| 2021 | 17.6% | -17.8% | 59.2% | 44.65% |
| 2020 | 73.9% | 17.5% | 157.5% | 13.43% |
| 2019 | 38.1% | 7.5% | 66.9% | 60.21% |
XNTK - Holdings
Concentration Analysis
| XNTK | Category Low | Category High | XNTK % Rank | |
|---|---|---|---|---|
| Net Assets | 743 M | 4.67 M | 81.2 B | 57.47% |
| Number of Holdings | 36 | 10 | 321 | 81.45% |
| Net Assets in Top 10 | 323 M | 1.67 M | 56.8 B | 57.92% |
| Weighting of Top 10 | 38.48% | 13.2% | 100.0% | 83.26% |
Top 10 Holdings
- NVIDIA Corp 5.93%
- Micron Technology Inc 4.00%
- Taiwan Semiconductor Manufacturing Co Ltd 3.95%
- Broadcom Inc 3.88%
- Applied Materials Inc 3.64%
- Meta Platforms Inc 3.46%
- Lam Research Corp 3.45%
- QUALCOMM Inc 3.42%
- Netflix Inc 3.39%
- ASML Holding NV 3.35%
Asset Allocation
| Weighting | Return Low | Return High | XNTK % Rank | |
|---|---|---|---|---|
| Stocks | 99.91% | 0.00% | 100.77% | 16.29% |
| Cash | 0.09% | 0.00% | 26.97% | 83.26% |
| Preferred Stocks | 0.00% | 0.00% | 8.61% | 83.71% |
| Other | 0.00% | -0.04% | 26.87% | 79.19% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 78.28% |
| Bonds | 0.00% | 0.00% | 87.98% | 79.19% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | XNTK % Rank | |
|---|---|---|---|---|
| Technology | 70.04% | 2.80% | 100.00% | 52.49% |
| Consumer Cyclical | 20.70% | 0.00% | 32.97% | 5.43% |
| Communication Services | 9.26% | 0.00% | 97.05% | 54.75% |
| Utilities | 0.00% | 0.00% | 5.17% | 79.19% |
| Real Estate | 0.00% | 0.00% | 15.05% | 84.62% |
| Industrials | 0.00% | 0.00% | 38.68% | 95.02% |
| Healthcare | 0.00% | 0.00% | 25.57% | 92.31% |
| Financial Services | 0.00% | 0.00% | 38.36% | 94.57% |
| Energy | 0.00% | 0.00% | 1.24% | 78.28% |
| Consumer Defense | 0.00% | 0.00% | 5.64% | 82.81% |
| Basic Materials | 0.00% | 0.00% | 2.38% | 80.09% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | XNTK % Rank | |
|---|---|---|---|---|
| US | 99.91% | 0.00% | 100.77% | 12.22% |
| Non US | 0.00% | 0.00% | 63.81% | 89.59% |
XNTK - Expenses
Operational Fees
| XNTK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.08% | 5.04% | 96.36% |
| Management Fee | 0.35% | 0.03% | 1.95% | 6.79% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| XNTK 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
| XNTK 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.
| XNTK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 0.69% | 281.00% | 24.43% |
XNTK - Distributions
Dividend Yield Analysis
| XNTK | Category Low | Category High | XNTK % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.42% | 0.00% | 7.82% | 22.62% |
Dividend Distribution Analysis
| XNTK | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
| XNTK | Category Low | Category High | XNTK % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.35% | -2.30% | 2.08% | 11.06% |
Capital Gain Distribution Analysis
| XNTK | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.212 | OrdinaryDividend |
| Jun 24, 2024 | $0.286 | OrdinaryDividend |
| Mar 18, 2024 | $0.175 | OrdinaryDividend |
| Dec 18, 2023 | $0.155 | OrdinaryDividend |
| Sep 18, 2023 | $0.112 | OrdinaryDividend |
| Jun 20, 2023 | $0.155 | OrdinaryDividend |
| Mar 20, 2023 | $0.133 | OrdinaryDividend |
| Dec 19, 2022 | $0.226 | OrdinaryDividend |
| Sep 19, 2022 | $0.192 | OrdinaryDividend |
| Jun 21, 2022 | $0.272 | OrdinaryDividend |
| Mar 21, 2022 | $0.131 | OrdinaryDividend |
| Dec 20, 2021 | $0.167 | OrdinaryDividend |
| Sep 20, 2021 | $0.116 | OrdinaryDividend |
| Jun 21, 2021 | $0.100 | OrdinaryDividend |
| Mar 22, 2021 | $0.184 | OrdinaryDividend |
| Dec 21, 2020 | $0.080 | OrdinaryDividend |
| Sep 21, 2020 | $0.065 | OrdinaryDividend |
| Jun 22, 2020 | $0.154 | OrdinaryDividend |
| Mar 23, 2020 | $0.119 | OrdinaryDividend |
| Dec 23, 2019 | $0.116 | OrdinaryDividend |
| Sep 23, 2019 | $0.153 | OrdinaryDividend |
| Jun 24, 2019 | $0.138 | OrdinaryDividend |
| Mar 18, 2019 | $0.092 | OrdinaryDividend |
| Dec 24, 2018 | $0.162 | OrdinaryDividend |
| Dec 24, 2018 | $3.473 | CapitalGainShortTerm |
| Dec 24, 2018 | $13.584 | CapitalGainLongTerm |
| Sep 24, 2018 | $0.190 | OrdinaryDividend |
| Jun 18, 2018 | $0.154 | OrdinaryDividend |
| Mar 19, 2018 | $0.083 | OrdinaryDividend |
| Dec 15, 2017 | $0.145 | OrdinaryDividend |
| Dec 15, 2017 | $0.130 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.428 | CapitalGainLongTerm |
| Sep 15, 2017 | $0.099 | OrdinaryDividend |
| Jun 16, 2017 | $0.157 | OrdinaryDividend |
| Mar 17, 2017 | $0.121 | OrdinaryDividend |
| Dec 16, 2016 | $0.134 | OrdinaryDividend |
| Sep 16, 2016 | $0.125 | OrdinaryDividend |
| Jun 17, 2016 | $0.143 | OrdinaryDividend |
| Mar 18, 2016 | $0.088 | OrdinaryDividend |
| Dec 18, 2015 | $0.143 | OrdinaryDividend |
| Sep 18, 2015 | $0.114 | OrdinaryDividend |
| Jun 19, 2015 | $0.150 | OrdinaryDividend |
| Mar 20, 2015 | $0.092 | OrdinaryDividend |
| Dec 19, 2014 | $0.115 | OrdinaryDividend |
| Sep 19, 2014 | $0.094 | OrdinaryDividend |
| Jun 20, 2014 | $0.161 | OrdinaryDividend |
| Mar 21, 2014 | $0.074 | OrdinaryDividend |
| Dec 20, 2013 | $0.138 | OrdinaryDividend |
| Sep 20, 2013 | $0.108 | OrdinaryDividend |
| Jun 21, 2013 | $0.157 | OrdinaryDividend |
| Mar 15, 2013 | $0.067 | OrdinaryDividend |
| Dec 21, 2012 | $0.112 | OrdinaryDividend |
| Sep 21, 2012 | $0.037 | OrdinaryDividend |
| Jun 15, 2012 | $0.141 | OrdinaryDividend |
| Mar 16, 2012 | $0.036 | OrdinaryDividend |
| Dec 16, 2011 | $0.052 | OrdinaryDividend |
| Sep 16, 2011 | $0.035 | OrdinaryDividend |
| Jun 17, 2011 | $0.124 | OrdinaryDividend |
| Mar 18, 2011 | $0.025 | OrdinaryDividend |
| Dec 17, 2010 | $0.038 | OrdinaryDividend |
| Sep 17, 2010 | $0.009 | OrdinaryDividend |
| Jun 18, 2010 | $0.080 | OrdinaryDividend |
| Mar 19, 2010 | $0.022 | OrdinaryDividend |
| Dec 18, 2009 | $0.010 | OrdinaryDividend |
| Sep 18, 2009 | $0.002 | OrdinaryDividend |
| Jun 19, 2009 | $0.050 | OrdinaryDividend |
| Mar 20, 2009 | $0.018 | OrdinaryDividend |
| Dec 19, 2008 | $0.043 | OrdinaryDividend |
| Sep 19, 2008 | $0.007 | OrdinaryDividend |
| Jun 20, 2008 | $0.063 | OrdinaryDividend |
| Mar 20, 2008 | $0.010 | OrdinaryDividend |
| Dec 21, 2007 | $0.002 | OrdinaryDividend |
XNTK - Fund Manager Analysis
Managers
Michael Feehily
Start Date
Tenure
Tenure Rank
Oct 31, 2011
10.59
10.6%
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 31, 2014
7.59
7.6%
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.
Kathleen Morgan
Start Date
Tenure
Tenure Rank
Oct 31, 2018
3.58
3.6%
Kathleen Morgan, CFA, is a Vice President of SSGA and SSGA FM and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. In this capacity, Ms. Morgan is responsible for the management of various equity index funds that are benchmarked to both domestic and international strategies. Prior to joining SSGA, she worked in Equity Product Management at Wellington Management, conducting independent risk oversight and developing investment product marketing strategy. Prior experience also includes index equity portfolio management at BlackRock. Ms. Morgan holds a Bachelor of Arts degree in Economics from Wellesley College and a Master of Business Administration from The Wharton School at the University of Pennsylvania. She has also earned the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 32.43 | 8.25 | 1.41 |
