SPDR® NYSE Technology ETF

XNTK

Key Features

  • The SPDR® NYSE Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the NYSE Technology Index (the "Index")
  • The NYSE Technology Index is composed purely of electronics-based technology companies
  • The Index is equal-dollar-weighted to ensure that each of its component securities is represented in approximate equal dollar value
  • The Technology Index was the first listed broad-market technology barometer dedicated exclusively to the electronics-based technology industry

Fund Information

As of 12/05/2019
Ticker Symbol XNTK
Primary Benchmark NYSE Technology Index
CUSIP 78464A102
Options Available No
Gross Expense Ratio

Gross Expense Ratio

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.

0.35%
Inception Date 09/25/2000
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Quarterly
Exchange NYSE ARCA EXCHANGE

Fund Documents

Fund Performance

MONTH END As of 10/31/2019 QUARTER END As of 09/30/2019
1 Month2.73%-0.22%
QTD2.73%0.29%
YTD26.08%22.73%
1 Year15.41%-0.09%
3 Year18.17%17.14%
5 Year15.70%15.16%
10 Year15.11%14.40%
Inception
4.15%4.03%
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 12/04/2019
Est. 3-5 Year EPS Growth

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.

15.67%
Number of Holdings 35
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.

6.29
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

The weighted harmonic average of current share price divided by the forecasted one year earnings per share for each security in the fund. Negative and positive outliers are included in the calculation.

22.55
Weighted Average Market Cap $243,988.86 M

Fund Market Price

As of 12/04/2019
Bid/Ask $76.60
Closing Price $76.58
Day High $76.92
Day Low $76.56
Exchange Volume (shares) 4,312
Premium/Discount

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 12/03/2019
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

0.60%
Fund Dividend Yield

Fund Dividend Yield

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

0.71%
Index Dividend Yield

Index Dividend Yield

The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

1.02%

Fund Net Asset Value

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

As of 12/04/2019
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$76.61
Shares Outstanding 4.88 M
Total Net Assets $373.48 M

Index Characteristics

As of 12/04/2019
Est. 3-5 Year EPS Growth 15.67%
Number of Holdings 35
Price/Cash Flow 15.47
Price/Earnings 25.62
Price/Earnings Ratio FY1 22.55

Fund Net Cash Amount

As of 12/04/2019
Net Cash Amount $220,850.55

Index Statistics

As of 12/04/2019
Weighted Average Market Cap $244,107.50 M
Average Size
Mean $228,253.77 M
Median $116,895.23 M
Size Range
Largest $1,162,972.50 M
Smallest $23,271.54 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

Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
09/25/2000
Month End
NAV 10/31/2019 2.73% 2.73% 26.08% 15.41% 18.17% 15.70% 15.11% 4.15%
Market Value 10/31/2019 2.74% 2.74% 26.25% 15.42% 18.14% 15.71% 15.12% 4.15%
Return after Taxes on Distributions 10/31/2019 2.73% 2.73% 25.81% 8.38% 15.52% 14.03% 14.19% 3.71%
Return after Taxes on Distributions and Sale of Fund Shares 10/31/2019 1.61% 1.61% 15.43% 11.28% 13.45% 12.10% 12.49% 3.24%
NYSE Technology Index 10/31/2019 2.76% 2.76% 26.52% 16.91% 18.93% 16.30% 15.68% 4.62%
Quarter End
NAV 09/30/2019 -0.22% 0.29% 22.73% -0.09% 17.14% 15.16% 14.40% 4.03%
Market Value 09/30/2019 -0.15% 0.30% 22.87% -0.10% 17.16% 15.15% 14.41% 4.02%
Return after Taxes on Distributions 09/30/2019 -0.30% 0.20% 22.47% -6.18% 14.51% 13.50% 13.49% 3.58%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 -0.13% 0.17% 13.46% 1.96% 12.69% 11.69% 11.88% 3.14%
NYSE Technology Index 09/30/2019 -0.18% 0.38% 23.13% 1.19% 17.89% 15.76% 14.97% 4.50%
Fund Before Tax Fund After Tax
Annualized
As of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since
Inception
09/25/2000
Month End
NAV 10/31/2019 2.73% 2.73% 26.08% 15.41% 18.17% 15.70% 15.11% 4.15%
Market Value 10/31/2019 2.74% 2.74% 26.25% 15.42% 18.14% 15.71% 15.12% 4.15%
Return after Taxes on Distributions 10/31/2019 2.73% 2.73% 25.81% 8.38% 15.52% 14.03% 14.19% 3.71%
Return after Taxes on Distributions and Sale of Fund Shares 10/31/2019 1.61% 1.61% 15.43% 11.28% 13.45% 12.10% 12.49% 3.24%
NYSE Technology Index 10/31/2019 2.76% 2.76% 26.52% 16.91% 18.93% 16.30% 15.68% 4.62%
Quarter End
NAV 09/30/2019 -0.22% 0.29% 22.73% -0.09% 17.14% 15.16% 14.40% 4.03%
Market Value 09/30/2019 -0.15% 0.30% 22.87% -0.10% 17.16% 15.15% 14.41% 4.02%
Return after Taxes on Distributions 09/30/2019 -0.30% 0.20% 22.47% -6.18% 14.51% 13.50% 13.49% 3.58%
Return after Taxes on Distributions and Sale of Fund Shares 09/30/2019 -0.13% 0.17% 13.46% 1.96% 12.69% 11.69% 11.88% 3.14%
NYSE Technology Index 09/30/2019 -0.18% 0.38% 23.13% 1.19% 17.89% 15.76% 14.97% 4.50%
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: 0.35%

Performance Graphs

Month End as of 10/31/2019

Fund Inception Date: 09/25/2000

Index Inception Date: 09/25/2000

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Quarter End as of 09/30/2019

Fund Inception Date: 09/25/2000

Index Inception Date: 09/25/2000

<performance fundName="SPDR&lt;sup&gt;®&lt;/sup&gt; NYSE Technology ETF" bmarkName="NYSE Technology Index"><funds><field>1 Month</field><fund>-0.22</fund><index>-0.18</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>QTD</field><fund>0.29</fund><index>0.38</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>YTD</field><fund>22.73</fund><index>23.13</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>1 YR</field><fund>-0.09</fund><index>1.19</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>3 YR</field><fund>17.14</fund><index>17.89</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>5 YR</field><fund>15.16</fund><index>15.76</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>10 YR</field><fund>14.40</fund><index>14.97</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds><funds><field>Inception</field><fund>4.03</fund><index>4.50</index><secondIndex></secondIndex><tertiaryIndex></tertiaryIndex></funds></performance>

Fund Top Holdings

Subject to change.

As of 12/04/2019
Name Weight Shares Held
Applied Materials Inc. 3.93 % 261,734
Apple Inc. 3.68 % 52,528
ServiceNow Inc. 3.59 % 48,908
NXP Semiconductors NV 3.51 % 112,805
NVIDIA Corporation 3.44 % 61,265
Facebook Inc. Class A 3.38 % 63,397
Micron Technology Inc. 3.25 % 261,713
Microsoft Corporation 3.24 % 80,775
JD.com Inc. Sponsored ADR Class A 3.18 % 376,360
QUALCOMM Incorporated 3.18 % 144,634

Index Top Holdings

As of 12/04/2019
Name Weight
Applied Materials Inc. 3.94 %
Apple Inc. 3.69 %
ServiceNow Inc. 3.59 %
NXP Semiconductors NV 3.52 %
NVIDIA Corporation 3.44 %
Facebook Inc. Class A 3.38 %
Micron Technology Inc. 3.25 %
Microsoft Corporation 3.24 %
JD.com Inc. Sponsored ADR Class A 3.18 %
QUALCOMM Incorporated 3.18 %

Fund Sub-Industry Allocation

As of 12/04/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/04/2019</asOfDate><overrideLabel>Fund Sub-Industry Allocation</overrideLabel><code>FUND_SECTOR_ALLOCATION</code><attributes><attribute><rawValue>24.74</rawValue><value>24.74%</value><label>Semiconductors</label><order>1</order></attribute><attribute><rawValue>11.51</rawValue><value>11.51%</value><label>Internet &amp; Direct Marketing Retail</label><order>2</order></attribute><attribute><rawValue>11.13</rawValue><value>11.13%</value><label>Application Software</label><order>3</order></attribute><attribute><rawValue>10.09</rawValue><value>10.09%</value><label>Interactive Media &amp; Services</label><order>4</order></attribute><attribute><rawValue>9.47</rawValue><value>9.47%</value><label>Systems Software</label><order>5</order></attribute><attribute><rawValue>8.46</rawValue><value>8.46%</value><label>Data Processing &amp; Outsourced Services</label><order>6</order></attribute><attribute><rawValue>5.62</rawValue><value>5.62%</value><label>IT Consulting &amp; Other Services</label><order>7</order></attribute><attribute><rawValue>5.47</rawValue><value>5.47%</value><label>Technology Hardware Storage &amp; Peripherals</label><order>8</order></attribute><attribute><rawValue>3.94</rawValue><value>3.94%</value><label>Semiconductor Equipment</label><order>9</order></attribute><attribute><rawValue>2.63</rawValue><value>2.63%</value><label>Movies &amp; Entertainment</label><order>10</order></attribute><attribute><rawValue>2.5</rawValue><value>2.50%</value><label>Interactive Home Entertainment</label><order>11</order></attribute><attribute><rawValue>2.23</rawValue><value>2.23%</value><label>Communications Equipment</label><order>12</order></attribute><attribute><rawValue>2.22</rawValue><value>2.22%</value><label>Automobile Manufacturers</label><order>13</order></attribute></attributes></component>

Subject to change.

Index Sub-Industry Allocation

As of 12/04/2019
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/04/2019</asOfDate><overrideLabel>Index Sub-Industry Allocation</overrideLabel><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>24.72</rawValue><value>24.72%</value><label>Semiconductors</label><order>1</order></attribute><attribute><rawValue>11.53</rawValue><value>11.53%</value><label>Internet &amp; Direct Marketing Retail</label><order>2</order></attribute><attribute><rawValue>11.12</rawValue><value>11.12%</value><label>Application Software</label><order>3</order></attribute><attribute><rawValue>10.09</rawValue><value>10.09%</value><label>Interactive Media &amp; Services</label><order>4</order></attribute><attribute><rawValue>9.47</rawValue><value>9.47%</value><label>Systems Software</label><order>5</order></attribute><attribute><rawValue>8.46</rawValue><value>8.46%</value><label>Data Processing &amp; Outsourced Services</label><order>6</order></attribute><attribute><rawValue>5.62</rawValue><value>5.62%</value><label>IT Consulting &amp; Other Services</label><order>7</order></attribute><attribute><rawValue>5.48</rawValue><value>5.48%</value><label>Technology Hardware Storage &amp; Peripherals</label><order>8</order></attribute><attribute><rawValue>3.94</rawValue><value>3.94%</value><label>Semiconductor Equipment</label><order>9</order></attribute><attribute><rawValue>2.63</rawValue><value>2.63%</value><label>Movies &amp; Entertainment</label><order>10</order></attribute><attribute><rawValue>2.5</rawValue><value>2.50%</value><label>Interactive Home Entertainment</label><order>11</order></attribute><attribute><rawValue>2.23</rawValue><value>2.23%</value><label>Communications Equipment</label><order>12</order></attribute><attribute><rawValue>2.21</rawValue><value>2.21%</value><label>Automobile Manufacturers</label><order>13</order></attribute></attributes></component>

Fund Country Weights

As of 12/04/2019
United States 85.46%
China 7.85%
Netherlands 3.52%
Taiwan 3.17%

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.

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.

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.

Unless Otherwise noted all information contained herein is that of the SPDR NYSE Technology ETF.

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 and is a voting member on the firm's Trade Management Oversight Committee and 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.

Portfolio Manager Kathleen Morgan Senior Portfolio Manager Show BioHide Bio

Kathleen Morgan is a Vice President of State Street Global Advisors and a Senior Portfolio Manager in the Global Equity Beta Solutions Group. In this capacity, Kathleen is responsible for the management of various equity index funds that are benchmarked to both domestic and international strategies.

Prior to joining SSGA, Kathleen worked in Equity Product Management at Wellington Management, conducting independent risk oversight and developing investment product marketing strategy. Prior experience also includes index equity portfolio management at BlackRock.

Kathleen holds a Bachelor of Arts degree in Economics from Wellesley College and a MBA from The Wharton School at the University of Pennsylvania. She also earned the Chartered Financial Analyst designation.

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.

NYSE Technology Index

The NYSE Technology Index composed of 35 leading U.S.-listed technology-related companies. The investible universe of the Index comprises all stocks in the Information Technology sector and technology-related stocks in the Consumer Discretionary sector, as defined by the Index Provider (as defined below) that are listed on major U.S. stock exchanges and meet the following criteria as of the index rebalance reference date: (i) issued by a company with a minimum market capitalization of $2 billion and (ii) have a trailing 3-month average daily traded value of $10 million. Stocks must also meet at least one of the following three revenue- and sales-based criteria: (i) have an increase in sales over the last twelve months, (ii) have only one consecutive quarter of negative sales growth over the last two years, or (iii) have revenue totals from the last four quarters that classify it within the top 75 companies within the specific industry classification designated to it by the Index Provider. Eligible stocks are then ranked based on market capitalization and liquidity, and the top 35 stocks are selected for inclusion in the Index. At least 75% of the companies included in the Index must be headquartered in the United States. The Index is equal-weighted and rebalanced annually after the close of trading on the third Friday of December.

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.

Because of their narrow focus, sector funds tend to be more volatile than broadly diversified funds and generally result in greater price fluctuations than the overall market.

Foreign (non-U.S.) Securities may be subject to greater political, economic, environmental, credit and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity.

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Non-diversified funds that focus on a relatively small number of securities tend to be more volatile than diversified funds and the market as a whole.

Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

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 12/04/2019
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
SPDR® NYSE Technology ETF XNTK $76.61 $76.58 $76.60 -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.

Centralized Systematic Valuation Aggregated Cash Flow (ACF) File

This information provided is calculated by Bloomberg Finance L.P., a third party not affiliated with SSGA. Neither SSGA nor its affiliates assume any liability for or guarantee the timeliness, accuracy and completeness of the information provided. The information provided is as of the date indicated and is subject to change.

This analysis or any portion thereof may not be revised or changed in any way, reprinted, sold or redistributed without the written consent of SSGA.

This cash flow table and the data contained herein (together, "Content") is provided for informational purposes only, on an "as is" basis. No source of Content, or any of its affiliates (each a "Source"), makes any warranty, express or implied, that the Content is accurate, complete or error-free, and it should not be relied upon as such. No Source guarantees the timeliness, reliability, performance, continued availability, or currency of the Content or any results obtained therefrom. No Source shall be liable for any damages, including without limitation, any special, punitive, indirect, incidental or consequential damages, or any lost profits, arising from the use of or reliance on the Content, even if advised of the possibility of such damages. Nothing in the Content shall constitute or be construed as an offering of financial instruments by any Source, or as investment advice or recommendations by such entities of an investment strategy or whether or not to "buy", "sell" or "hold" an investment.

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