Symbols

XTL

State Street SPDR S&P Telecom ETF·ARCA

--(--)

Key Stats

Assets Under Management

207.96MUSD

Fund Flows (1Y)

3.66MUSD

Dividend Yield

1.05%

Discount/Premium to NAV

0.08%

Shares Outstanding

1.35M

Expense Ratio

0.35%

About State Street SPDR S&P Telecom ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-sp-telecom-etf-xtl

Inception Date

Jan 26, 2011

Structure

Open-Ended Fund

Index Tracked

S&P Telecom Select Industry Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

XTL provides an equal-weight play on the US telecoms space. The fund draws it selection universe from the telecommunications segment of a broad US total market index. XTL veers away from a broad-market exposure to the segment, as a consequence of its equal-weighting scheme. Still, not all investors want to simply 'own the market', and the fund fits those who seek diversification in a segment where a handful of firms dominate. Note: Instead of replicating the index, XTL uses a sampling strategy. The index is rebalanced quarterly.