Symbols

XLF

State Street Financial Select Sector SPDR ETF·NYSE

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Key Stats

Assets Under Management

54.16BUSD

Fund Flows (1Y)

-1.88BUSD

Dividend Yield

1.30%

Discount/Premium to NAV

-0.01%

Shares Outstanding

978.95M

Expense Ratio

0.08%

About State Street Financial Select Sector SPDR ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-financial-select-sector-spdr-etf-xlf

Inception Date

Dec 16, 1998

Structure

Open-Ended Fund

Index Tracked

Financial Select Sector 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

ALPS Distributors, Inc.

XLF offers efficient exposure to the heavyweights in the US financials segment. Its cap-weighted, S&P 500-only portfolio means that it's concentrated in large banks and avoids small-caps. For many investors and traders, XLF has been the go-to ETF for financials exposure, although there are more comprehensive funds out there for long-term exposure. Note: XLF spun off its real estate exposure in September 2016, consistent with the GICS reclassification that elevated real estate to sector-level status. The change was material: Real estate comprised about 20% of the fund at the time. For each share held, XLF shareholders as of 9/16/16 received 0.139146 shares of XLRE, State Street Global Advisors' real estate ETF. (Immediately prior to the distribution, XLF had swapped its REITs for shares of XLRE.)