Symbols

XNTK

State Street SPDR NYSE Technology ETF·NYSE

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Key Stats

Assets Under Management

1.54BUSD

Fund Flows (1Y)

320.40MUSD

Dividend Yield

0.24%

Discount/Premium to NAV

0.02%

Shares Outstanding

5.70M

Expense Ratio

0.35%

About State Street SPDR NYSE Technology ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-nyse-technology-etf-xntk

Inception Date

Sep 25, 2000

Structure

Open-Ended Fund

Index Tracked

NYSE Technology 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)

XNTK has a broader take on the technology space by extending its exposure to tech-related firms in the consumer discretionary sector. The fund follows a proprietary selection scheme—which comes with market-cap, liquidity, revenue- and sales-based screeners—and then equal-weights its holdings. The result is a concentrated portfolio of 35 large- and midcap tech and tech-related firms. XNTK tilts smaller, since its equal-weighting scheme reduces the influence of industry giants. The fund is not the right ETF for frequent traders but may suffice for longer-term investors. The index is reviewed and rebalanced annually. Note: Prior to Sept. 11, 2017, the fund was known as the SPDR Morgan Stanley Technology ETF, traded under the ticker MTK and tracked the Morgan Stanley Technology Index. The change in index provide no material change to exposure.