Symbols

XLU

State Street Utilities Select Sector SPDR ETF·NYSE

--(--)

Key Stats

Assets Under Management

21.94BUSD

Fund Flows (1Y)

2.39BUSD

Dividend Yield

2.69%

Discount/Premium to NAV

-0.01%

Shares Outstanding

511.90M

Expense Ratio

0.08%

About State Street Utilities Select Sector SPDR ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

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

Inception Date

Dec 16, 1998

Structure

Open-Ended Fund

Index Tracked

Utilities 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.

XLU, a hugely popular fund, only invests in utilities companies that are included in the S&P 500. This is both an advantage and a weakness. The fund dominates its segment, with huge assets and volume, but it's also more concentrated in a handful of large firms. Competing utilities ETFs offer broader exposure to the full market-cap spectrum, meaning XLU is not the best Fit to our neutral utilities sector benchmark. Still, XLU is a solid choice for exposure to the segment.