Symbols

XLK

State Street Technology Select Sector SPDR ETF·NYSE

--(--)

Key Stats

Assets Under Management

93.96BUSD

Fund Flows (1Y)

3.86BUSD

Dividend Yield

0.54%

Discount/Premium to NAV

-0.02%

Shares Outstanding

644.00M

Expense Ratio

0.08%

About State Street Technology Select Sector SPDR ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

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

Inception Date

Dec 16, 1998

Structure

Open-Ended Fund

Index Tracked

Technology 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.

XLK was the first to launch in this space, as such it offers a more narrow focus on the US technology segment. Its S&P 500-only portfolio tilts away from our segment benchmark. XLK is heavily concentrated and also a few that seem like misfits, such as financial payment processers or telecom firms. Its limited selection universe excludes small-caps and most midcaps. Avoiding smaller, less-stable firms results in lower volatility and a tilt toward value compared to our broad tech-industry benchmark index, and can cause other minor performance differences. XLK held the title for a long time as the cheapest and the largest fund in its segment.