Symbols

XTN

State Street SPDR S&P Transportation ETF·NYSE

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Key Stats

Assets Under Management

299.87MUSD

Fund Flows (1Y)

41.77MUSD

Dividend Yield

0.67%

Discount/Premium to NAV

0.10%

Shares Outstanding

2.80M

Expense Ratio

0.35%

About State Street SPDR S&P Transportation ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

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

Inception Date

Jan 26, 2011

Structure

Open-Ended Fund

Index Tracked

S&P Transportation 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)

XTN offers a straightforward work-around for the transportation industry's high concentration by equal-weighting its holdings. That drastically cuts its weighted average market cap and introduces some sector biases. Eligible securities must be included in the S&P Total Market Index and must meet certain liquidity and capitalization thresholds. The Underlying Index includes the following sub-industries, as defined by GICS: air freight & logistics, airlines, airport services, highways & rail tracks, marine, marine ports & services, railroads, and trucking. The index undergoes quarterly rebalance.