Energy Select Sector SPDR® Fund

XLE

Key Features

  • The Energy Select Sector SPDR® Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Energy Select Sector Index (the "Index")
  • The Index seeks to provide an effective representation of the energy sector of the S&P 500 Index
  • Seeks to provide precise exposure to companies in the oil, gas and consumable fuel, energy equipment and services industries
  • Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing

Fund Information

As of 07/22/2017
Ticker Symbol XLE
Primary Benchmark Energy Select Sector Index
CUSIP 81369Y506
Options Available Yes
Gross Expense Ratio

The gross expense ratio is the fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.14%
Inception Date 12/16/1998
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor ALPS Portfolio Solutions Distributor, Inc.
Distribution Frequency Quarterly
Exchange NYSE ARCA EXCHANGE

Fund Documents

Fund Performance

Get a deeper view of how an ETF's allocation to different sectors, countries and market capitalizations may impact its performance.

Analyze Performance
MONTH END As of 06/30/2017 QUARTER END As of 06/30/2017
1 Month-0.19%-0.19%
QTD-6.61%-6.61%
YTD-12.71%-12.71%
1 Year-2.61%-2.61%
3 Year-11.13%-11.13%
5 Year1.90%1.90%
10 Year1.35%1.35%
Inception
7.53%7.53%
Performance Disclosure

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Fund Characteristics

As of 07/20/2017
Est. 3-5 Year EPS Growth

The Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

18.45%
Number of Holdings 36
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund’s portfolio as calculated for the last twelve months.

1.76
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

Closing price divided by the sum of the forecasted fiscal year earnings per share.

30.24
Weighted Average Market Cap $131,074.17 M

Fund Market Price

As of 07/20/2017
Bid/Ask $65.75
Closing Price $65.76
Day High $66.56
Day Low $65.58
Exchange Volume (shares)

The Exchange Volume represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

3,920,038
Premium/Discount

Premium/Discount to NAV

Premium/Discount to NAV shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask – Closing NAV)  /  Closing NAV * 100)

0.02%

Yields

As of 07/20/2017
30 Day SEC Yield

30 Day SEC Yield (Standardized Yield) 

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price.

2.70%
Fund Dividend Yield

Fund Dividend Yield is the sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

2.56%
Index Dividend Yield

Index Dividend Yield is the weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

2.87%

Fund Net Asset Value

NAV

Market value of a mutual fund's and ETF's total assets, minus liabilities, divided by the number of shares outstanding

As of 07/20/2017
NAV $65.73
Shares Outstanding 237.62 M
Total Net Assets $15,618.93 M

Index Characteristics

As of 07/20/2017
Est. 3-5 Year EPS Growth 18.45%
Number of Holdings 34
Price/Cash Flow 10.92
Price/Earnings 35.18
Price/Earnings Ratio FY1 30.24
Return On Equity -4.16%

Fund Net Cash Amount

As of 07/20/2017
Net Cash Amount $18,479,864.08

Index Statistics

As of 07/20/2017
Weighted Average Market Cap $131,072.83 M
Average Size
Mean $37,299.56 M
Median $15,852.94 M
Size Range
Largest $342,603.80 M
Smallest $3,420.64 M

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.

Performance Chart

Get a deeper view of how an ETF's allocation to different sectors, countries and market capitalizations may impact its performance.

Analyze Performance
Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
12/16/1998
Month End
NAV 06/30/2017 -0.19% -6.61% -12.71% -2.61% -11.13% 1.90% 1.35% 7.53%
Market Value 06/30/2017 -0.19% -6.59% -12.73% -2.61% -11.13% 1.89% 1.37% 7.53%
Return after Taxes on Distributions 06/30/2017 -0.49% -6.89% -13.20% -3.42% -11.79% 1.28% 0.92% 7.06%
Return after Taxes on Distributions and Sale of Fund Shares 06/30/2017 -0.11% -3.74% -7.19% -1.23% -8.30% 1.44% 1.08% 6.30%
Energy Select Sector Index 06/30/2017 -0.18% -6.60% -12.70% -2.50% -11.12% 2.00% 1.50% 7.76%
Quarter End
NAV 06/30/2017 -0.19% -6.61% -12.71% -2.61% -11.13% 1.90% 1.35% 7.53%
Market Value 06/30/2017 -0.19% -6.59% -12.73% -2.61% -11.13% 1.89% 1.37% 7.53%
Return after Taxes on Distributions 06/30/2017 -0.49% -6.89% -13.20% -3.42% -11.79% 1.28% 0.92% 7.06%
Return after Taxes on Distributions and Sale of Fund Shares 06/30/2017 -0.11% -3.74% -7.19% -1.23% -8.30% 1.44% 1.08% 6.30%
Energy Select Sector Index 06/30/2017 -0.18% -6.60% -12.70% -2.50% -11.12% 2.00% 1.50% 7.76%
Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
12/16/1998
Month End
NAV 06/30/2017 -0.19% -6.61% -12.71% -2.61% -11.13% 1.90% 1.35% 7.53%
Market Value 06/30/2017 -0.19% -6.59% -12.73% -2.61% -11.13% 1.89% 1.37% 7.53%
Return after Taxes on Distributions 06/30/2017 -0.49% -6.89% -13.20% -3.42% -11.79% 1.28% 0.92% 7.06%
Return after Taxes on Distributions and Sale of Fund Shares 06/30/2017 -0.11% -3.74% -7.19% -1.23% -8.30% 1.44% 1.08% 6.30%
Energy Select Sector Index 06/30/2017 -0.18% -6.60% -12.70% -2.50% -11.12% 2.00% 1.50% 7.76%
Quarter End
NAV 06/30/2017 -0.19% -6.61% -12.71% -2.61% -11.13% 1.90% 1.35% 7.53%
Market Value 06/30/2017 -0.19% -6.59% -12.73% -2.61% -11.13% 1.89% 1.37% 7.53%
Return after Taxes on Distributions 06/30/2017 -0.49% -6.89% -13.20% -3.42% -11.79% 1.28% 0.92% 7.06%
Return after Taxes on Distributions and Sale of Fund Shares 06/30/2017 -0.11% -3.74% -7.19% -1.23% -8.30% 1.44% 1.08% 6.30%
Energy Select Sector Index 06/30/2017 -0.18% -6.60% -12.70% -2.50% -11.12% 2.00% 1.50% 7.76%
Swipe to view all columns
Performance Disclosure

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.14%

Performance Graphs

Month End as of 06/30/2017

Fund Inception Date: 12/16/1998

Index Inception Date: 12/16/1998

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Quarter End as of 06/30/2017

Fund Inception Date: 12/16/1998

Index Inception Date: 12/16/1998

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Fund Top Holdings

Subject to change.

As of 07/20/2017
Name Weight Shares Held
Exxon Mobil Corporation 22.32 % 42,818,096
Chevron Corporation 15.76 % 23,368,636
Schlumberger NV 7.48 % 17,324,020
EOG Resources Inc. 4.41 % 7,305,236
ConocoPhillips 4.35 % 15,626,132
Occidental Petroleum Corporation 3.79 % 9,718,043
Halliburton Company 3.26 % 11,136,298
Kinder Morgan Inc Class P 3.26 % 24,633,536
Phillips 66 2.99 % 5,633,467
Valero Energy Corporation 2.52 % 5,795,237

Index Top Holdings

As of 07/20/2017
Name Weight
Exxon Mobil Corporation 22.34 %
Chevron Corporation 15.78 %
Schlumberger NV 7.49 %
EOG Resources Inc. 4.41 %
ConocoPhillips 4.36 %
Occidental Petroleum Corporation 3.79 %
Kinder Morgan Inc Class P 3.27 %
Halliburton Company 3.26 %
Phillips 66 2.99 %
Valero Energy Corporation 2.52 %

Fund Industry Allocation

As of 07/20/2017
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>07/20/2017</asOfDate><overrideLabel>Fund Industry Allocation</overrideLabel><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>84.47</rawValue><value>84.47%</value><label>Oil Gas &amp; Consumable Fuels</label><order>1</order></attribute><attribute><rawValue>15.43</rawValue><value>15.43%</value><label>Energy Equipment &amp; Services</label><order>2</order></attribute><attribute><rawValue>0.1</rawValue><value>0.10%</value><label>Unassigned</label><order>3</order></attribute></attributes></component>

Index Industry Allocation

As of 07/20/2017
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>07/20/2017</asOfDate><overrideLabel>Index Industry Allocation </overrideLabel><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>84.55</rawValue><value>84.55%</value><label>Oil Gas &amp; Consumable Fuels</label><order>1</order></attribute><attribute><rawValue>15.45</rawValue><value>15.45%</value><label>Energy Equipment &amp; Services</label><order>2</order></attribute></attributes></component>

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Unless Otherwise noted all information contained herein is that of the Energy Select Sector SPDR ETF.

All total return figures assume reinvestment of dividend and capital gains at net assets value; actual returns may differ.

There are no sales loads on Select Sector SPDR shares but ordinary brokerage commissions apply and this expense is not reflected in performance calculations.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

Global Equity Beta Solutions

Co-Head, Global Equity Beta Solutions Michael J. Feehily Senior Managing Director Show BioHide Bio

Mike is a Senior Managing Director and the Head of Global Equity Beta Solutions in the Americas. He is also a member of the Senior Leadership Team, is the Chairperson for the firm's Trade Management Oversight Committee, and is a voting member on the North America Product Committee.

Mike rejoined SSGA in 2010 after spending four years in State Street Global Markets where he helped to build the Global Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of our institutional clients. Prior to this Mike had been Head of the US Passive Equity Team within SSGA, which he originally joined in 1997. He began his career at State Street within the Global Services division in 1992.

Mike received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the CFA Institute and the Boston Security Analysts Society. Mike is also a former member of the Russell Index Client Advisory Board.

Deputy Head of GEBS - Americas Karl A. Schneider Managing Director Show BioHide Bio

Karl Schneider, CAIA, is a Managing Director of SSGA and Deputy Head of Global Equity Beta Solutions (GEBS) in the Americas. He also serves as a senior portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for US equity strategies and synthetic beta strategies, including commodities, buy/write, and hedge fund replication. He is also a member of the S&P Dow Jones US Equities Index Advisory Panel.

Prior to joining the GEBS team, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1997.

Mr. Schneider holds a BS in Finance and Investments from Babson College and also an MS in Finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association.

Senior Portfolio Manager David Chin Vice President Show BioHide Bio

David is a Vice President and Senior Portfolio Manager in the Global Equity Beta Solutions team at State Street Global Advisors. He is responsible for managing both U.S. and International funds. Prior to joining SSGA in 1999, David was a product analyst in the Analytical Services Group at Frank Russell Company. Before this, he worked at OneSource Information Systems developing investment software. Preceding this, he was affiliated with PanAgora Asset Management in the Research and Development group creating quantitative investment models for international equities. David has been working in the investment management field since 1992.

David holds a BS in Management Information Systems from the University of Massachusetts/Boston and an MBA from the University of Arizona.

After Tax Returns

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shres through tad deferred arrangements such as 401(k) plans or individual retiredment accounts. After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.

Energy Select Sector Index

The Energy Sector Index seeks to provide an effective representation of the energy sector of the S&P 500 Index. The Index includes companies from the following industries: oil, gas and consumable fuels; and energy equipment and services.

Important Risk Information

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Select Sector SPDR Funds bear a higher level of risk than more broadly diversified funds. All ETFs are subject to risk, including the possible loss of principal. Sector ETFs products are also subject to sector risk and non-diversification risk, which generally results in greater price fluctuations than the overall market.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Glossary

Premium Discount to NAV

As of 07/20/2017
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
Energy Select Sector SPDR® Fund XLE $65.73 $65.76 $65.75 0.02%
Download Fund Data

x axis: # of days y axis: # Premium/Discount percentage

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.