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The Technology Select Sector SPDR Fund strives to offer investment outcomes that are usually consistent with the price and yield performance of the Technology Select Sector Index (the "Index") before expenses(2).
In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.
In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.


This index, whose components include Apple, Microsoft, Nvidia, Broadcom, and Cisco, includes stocks primarily focused on internet software and service companies, IT consulting services, semiconductor equipment, computers, and peripherals (1).
This index, whose components include Apple, Microsoft, Nvidia, Broadcom, and Cisco, includes stocks primarily focused on internet software and service companies, IT consulting services, semiconductor equipment, computers, and peripherals (1).
=== ABOUT ===
The companies in each Select Sector Index are chosen from a numerus number  of companies defined by the Standard & Poor's 500 Composite Stock® Index ("S&P 500®") based on general industry classification. All of the companies in the S&P 500 are represented by the eleven Select Sector Indexes (each a "Select Sector Index") on which the Select Sector SPDR Funds are based (2).


=== DISCLOSURE ABOUT DISRIBUTIONS ===
=== DISCLOSURE ABOUT DISRIBUTIONS ===
Dividends from stocks and interest from debt instruments are the two main sources of income for each Select Sector SPDR. On a quarterly basis, "income dividend distributions" are made to shareholders from these sums, after expenses. Every time a Select Sector SPDR sells shares, capital gains or losses are also realized. Annual "capital gain distributions" are made to shareholders in the form of net long-term capital gains. In general, whether you take distributions in cash or reinvest them in a Select Sector SPDR, they are taxed as federal income when they are paid. Distributions made from a Select Sector SPDR's earnings and profits are subject to ordinary income tax.Distributions of net long-term capital gains in excess of short-term capital losses are taxable as long-term capital gains, regardless of how long you have owned the shares.Tax information is provided in broad strokes. You should discuss the tax implications of investing in a Select Sector SPDR with your personal tax counsel (1).
Dividends from stocks and interest from debt instruments are the two main sources of income for each Select Sector SPDR. On a quarterly basis, "incjjome dividend distributions" are made to shareholders from these sums, after expenses. Every time a Select Sector SPDR sells shares, capital gains or losses are also realized. Annual "capital gain distributions" are made to shareholders in the form of net long-term capital gains. In general, whether you take distributions in cash or reinvest them in a Select Sector SPDR, they are taxed as federal income when they are paid. Distributions made from a Select Sector SPDR's earnings and profits are subject to ordinary income tax.Distributions of net long-term capital gains in excess of short-term capital losses are taxable as long-term capital gains, regardless of how long you have owned the shares.Tax information is provided in broad strokes. You should discuss the tax implications of investing in a Select Sector SPDR with your personal tax counsel (1).
 
=== FUND INFORMATION ===
{| class="wikitable"
|+
!
!
|-
|BENCHMARK
|TECHNOLOGY SELECT SECTOR INDEX
|-
|INCEPTION DATE
|DEC 16 1998
|-
|OPTIONS AVAILABLE
|YES
|-
|GROSS EXPENSE RATIO
|0.10%
|-
|BASE CURRENCY
|USD
|-
|ISSUER
|STATE STREET GLOBAL ADVISORS FUNDS MANAGEMENT INC
|-
|INVESTMENT MANAGER
|SSGA FUNDS MANAGEMENT ,INC.
|-
|MANAGEMENT TEAM
|GLOBAL EQUITY BETA SOLUTIONS
|-
|LEGAL STRUCTURE
|OPEN-ENDED FUND
|-
|DISTRIBUTOR
|ALPS portfolio solutions distributor , inc.
|-
|DISTRIBUTOR FREQUENCY
|Quarterly
|}
(2)


=== '''REFERENCES''' ===
=== '''REFERENCES''' ===
1 https://www.sectorspdrs.com/mainfund/xlk
1 https://www.sectorspdrs.com/mainfund/xlk
2 https://www.ssga.com/us/en/intermediary/etfs/funds/the-technology-select-sector-spdr-fund-xlk
3 https://www.etf.com/XLK
4

Revision as of 17:53, 28 July 2023

The Technology Select Sector SPDR Fund strives to offer investment outcomes that are usually consistent with the price and yield performance of the Technology Select Sector Index (the "Index") before expenses(2).

In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.

This index, whose components include Apple, Microsoft, Nvidia, Broadcom, and Cisco, includes stocks primarily focused on internet software and service companies, IT consulting services, semiconductor equipment, computers, and peripherals (1).

ABOUT

The companies in each Select Sector Index are chosen from a numerus number  of companies defined by the Standard & Poor's 500 Composite Stock® Index ("S&P 500®") based on general industry classification. All of the companies in the S&P 500 are represented by the eleven Select Sector Indexes (each a "Select Sector Index") on which the Select Sector SPDR Funds are based (2).

DISCLOSURE ABOUT DISRIBUTIONS

Dividends from stocks and interest from debt instruments are the two main sources of income for each Select Sector SPDR. On a quarterly basis, "incjjome dividend distributions" are made to shareholders from these sums, after expenses. Every time a Select Sector SPDR sells shares, capital gains or losses are also realized. Annual "capital gain distributions" are made to shareholders in the form of net long-term capital gains. In general, whether you take distributions in cash or reinvest them in a Select Sector SPDR, they are taxed as federal income when they are paid. Distributions made from a Select Sector SPDR's earnings and profits are subject to ordinary income tax.Distributions of net long-term capital gains in excess of short-term capital losses are taxable as long-term capital gains, regardless of how long you have owned the shares.Tax information is provided in broad strokes. You should discuss the tax implications of investing in a Select Sector SPDR with your personal tax counsel (1).

FUND INFORMATION

BENCHMARK TECHNOLOGY SELECT SECTOR INDEX
INCEPTION DATE DEC 16 1998
OPTIONS AVAILABLE YES
GROSS EXPENSE RATIO 0.10%
BASE CURRENCY USD
ISSUER STATE STREET GLOBAL ADVISORS FUNDS MANAGEMENT INC
INVESTMENT MANAGER SSGA FUNDS MANAGEMENT ,INC.
MANAGEMENT TEAM GLOBAL EQUITY BETA SOLUTIONS
LEGAL STRUCTURE OPEN-ENDED FUND
DISTRIBUTOR ALPS portfolio solutions distributor , inc.
DISTRIBUTOR FREQUENCY Quarterly

(2)

REFERENCES

1 https://www.sectorspdrs.com/mainfund/xlk

2 https://www.ssga.com/us/en/intermediary/etfs/funds/the-technology-select-sector-spdr-fund-xlk

3 https://www.etf.com/XLK

4

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