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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$51.75

$492 M

0.75%

$0.39

0.70%

Vitals

YTD Return

13.5%

1 yr return

19.3%

3 Yr Avg Return

7.0%

5 Yr Avg Return

12.5%

Net Assets

$492 M

Holdings in Top 10

111.9%

52 WEEK LOW AND HIGH

$51.6
$39.55
$52.22

Expenses

OPERATING FEES

Expense Ratio 0.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 263.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$51.75

$492 M

0.75%

$0.39

0.70%

XLSR - Profile

Distributions

  • YTD Total Return 13.5%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 12.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.89%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    SPDR® SSGA US Sector Rotation ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Apr 03, 2019
  • Shares Outstanding
    5260000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Narkiewicz

Fund Description

The Fund is a fund of funds, meaning that it primarily invests its assets in securities of other exchange-traded funds ETFs). In particular, the Fund allocates its assets among ETFs that each focus on common stocks of companies included in an individual sector of the S&P 500® Index, as determined by the Global Industry Classification Standard (GICS®) (each, an Equity Sector and collectively, the Equity Sectors). As of the date of this Prospectus, the Equity Sectors include: communication services, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, real estate, information technology and utilities. Components of the S&P 500 Index, and the sector classifications as determined by GICS, are subject to change and are not controlled by the Fund or the Adviser.
SSGA Funds Management, Inc. (the Adviser or SSGA FM), the Fund's investment adviser, allocates the Fund's assets among the ETFs based on a proprietary sector selection model. The model first incorporates macroeconomic, financial and market data to arrive at a projected return forecast for each Equity Sector. Using these projected return forecasts, the model then allocates the weightings of each Equity Sector to construct a portfolio that seeks to maximize expected return. The portfolio's final sector allocation is subject to the Adviser's risk and diversification constraints, which limit the amount an Equity Sector may represent in the portfolio. The Adviser may not fully implement the results of the model if it believes the model does not take into account all relevant data, or that a different evaluation or weighting of the data is more appropriate. It is possible the Fund may not have exposure to all Equity Sectors at all times. The Adviser typically rebalances the Fund's portfolio on a monthly basis, although rebalancing may occur more frequently depending on market conditions. The Adviser buys and sells securities for the Fund at each rebalancing based on the results of the process described above. As a result of frequent rebalances, the Fund may experience a high turnover rate.
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investments purposes) directly or indirectly through the underlying ETFs, in securities of U.S. companies. The Fund may invest in ETFs that pay fees to the Adviser and its affiliates for management, marketing or other services.
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XLSR - Performance

Return Ranking - Trailing

Period XLSR Return Category Return Low Category Return High Rank in Category (%)
YTD 13.5% 1.0% 30.5% 74.34%
1 Yr 19.3% -1.7% 40.0% 75.36%
3 Yr 7.0%* -8.2% 16.1% 75.31%
5 Yr 12.5%* -2.6% 109.4% 67.58%
10 Yr N/A* 1.9% 20.9% 81.22%

* Annualized

Return Ranking - Calendar

Period XLSR Return Category Return Low Category Return High Rank in Category (%)
2023 17.6% -42.6% 47.4% 56.04%
2022 -17.2% -56.3% -4.2% 14.91%
2021 16.4% -27.2% 537.8% 53.38%
2020 18.4% -22.5% 2181.7% 15.41%
2019 N/A -13.5% 40.4% N/A

Total Return Ranking - Trailing

Period XLSR Return Category Return Low Category Return High Rank in Category (%)
YTD 13.5% 1.0% 30.5% 74.34%
1 Yr 19.3% -1.7% 40.0% 75.36%
3 Yr 7.0%* -8.2% 16.1% 75.31%
5 Yr 12.5%* -2.6% 109.4% 67.58%
10 Yr N/A* 1.9% 20.9% N/A

* Annualized

Total Return Ranking - Calendar

Period XLSR Return Category Return Low Category Return High Rank in Category (%)
2023 18.9% -5.0% 47.4% 75.52%
2022 -15.7% -36.8% -2.2% 29.90%
2021 20.5% 3.0% 537.8% 91.52%
2020 20.2% -15.8% 2266.0% 24.49%
2019 N/A -0.4% 241.3% N/A

XLSR - Holdings

Concentration Analysis

XLSR Category Low Category High XLSR % Rank
Net Assets 492 M 2.34 M 1.55 T 67.01%
Number of Holdings 10 2 4048 99.36%
Net Assets in Top 10 550 M 848 K 446 B 47.75%
Weighting of Top 10 111.85% 0.3% 111.9% 0.08%

Top 10 Holdings

  1. Technology Select Sector SPDR Fund 33.35%
  2. Communication Services Select Sector SPDR Fund 18.48%
  3. State Street Navigator Securities Lending Government Money Market Portfolio 11.81%
  4. Financial Select Sector SPDR Fund 11.50%
  5. Consumer Discretionary Select Sector SPDR Fund 10.81%
  6. Industrial Select Sector SPDR Fund 10.52%
  7. Health Care Select Sector SPDR Fund 10.25%
  8. Energy Select Sector SPDR Fund 3.17%
  9. Consumer Staples Select Sector SPDR Fund 1.82%
  10. State Street Institutional US Government Money Market Fund 0.14%

Asset Allocation

Weighting Return Low Return High XLSR % Rank
Stocks
99.90% 0.00% 120.26% 6.26%
Cash
11.95% 0.00% 99.06% 0.80%
Preferred Stocks
0.00% 0.00% 2.52% 85.87%
Other
0.00% -13.91% 100.00% 84.27%
Convertible Bonds
0.00% 0.00% 5.54% 85.51%
Bonds
0.00% -0.37% 92.88% 85.63%

Stock Sector Breakdown

Weighting Return Low Return High XLSR % Rank
Technology
23.51% 0.00% 48.94% 59.23%
Financial Services
16.46% 0.00% 55.59% 20.26%
Industrials
9.46% 0.00% 29.90% 44.93%
Consumer Defense
9.32% 0.00% 47.71% 14.79%
Basic Materials
7.89% 0.00% 25.70% 3.92%
Healthcare
7.88% 0.00% 60.70% 94.44%
Utilities
7.49% 0.00% 20.91% 3.59%
Consumer Cyclical
7.34% 0.00% 30.33% 85.46%
Energy
6.85% 0.00% 41.64% 8.09%
Real Estate
2.27% 0.00% 31.91% 64.13%
Communication Services
1.54% 0.00% 27.94% 96.00%

Stock Geographic Breakdown

Weighting Return Low Return High XLSR % Rank
US
99.90% 0.00% 120.26% 5.94%
Non US
0.00% 0.00% 63.90% 87.72%

XLSR - Expenses

Operational Fees

XLSR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.70% 0.01% 19.75% 59.29%
Management Fee 0.70% 0.00% 1.90% 83.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

XLSR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XLSR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XLSR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 263.00% 0.00% 268.00% 99.72%

XLSR - Distributions

Dividend Yield Analysis

XLSR Category Low Category High XLSR % Rank
Dividend Yield 0.75% 0.00% 25.47% 64.52%

Dividend Distribution Analysis

XLSR Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

XLSR Category Low Category High XLSR % Rank
Net Income Ratio 0.89% -54.00% 2.44% 38.36%

Capital Gain Distribution Analysis

XLSR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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XLSR - Fund Manager Analysis

Managers

Michael Narkiewicz


Start Date

Tenure

Tenure Rank

Apr 02, 2019

3.16

3.2%

Michael Narkiewicz is a Principal of SSGA and SSGA FM and a Portfolio Manager in the Investment Solutions Group (ISG), where he is responsible for implementing customized investment approaches, including strategic and tactical multi-asset class solutions, for institutional clients. Prior to his current role, Mr. Narkiewicz was a portfolio specialist within the Global Product and Marketing Group. In that role, he focused on supporting passive equity products as a subject matter expert and a liaison between the portfolio management team and the client-facing functions at SSGA. His responsibilities included investment research and analysis as well as product positioning and messaging across multiple investment strategies. Before joining SSGA, Mr. Narkiewicz was a senior portfolio analyst at Shepherd Kaplan and an equity trader at Congress Asset Management. He holds a Bachelor of Science degree in Finance from Bentley University and a Master of Business Administration with a concentration in Finance from the D’Amore-McKim School of Business at Northeastern University.

Michael Martel


Start Date

Tenure

Tenure Rank

Apr 02, 2019

3.16

3.2%

Mike is a Managing Director of State Street Global Advisors and the Head of Portfolio Management in the Americas for SSGA's Investment Solutions Group (ISG). In this role, he is responsible for the design and management of multi-asset class strategies geared towards meeting the investment objectives of a broad and diverse client base. His work with clients includes aligning assets with long and short-term investment objectives, tactical asset allocation, and employing overlay strategies to enhance return and better manage risks. Prior to this role, Mike led ISG's Exposure Management Team. He has been working in the investment management field since 1992. Mike holds a Bachelor of Arts degree in Economics from the College of the Holy Cross and Master degrees in both Finance and Business Administration from the Carroll School of Management at Boston College.

Jeremiah Holly


Start Date

Tenure

Tenure Rank

Oct 31, 2020

1.58

1.6%

Jerry is a Vice President at State Street Global Advisors and a Senior Portfolio Manager with the Investment Solutions Group (ISG). In this role, Jerry is responsible for managing a variety of multi-asset class portfolios, including tactical asset allocation strategies and derivatives-based overlay strategies. He is actively involved in the investment research that underpins the team's views across capital markets and also plays a key role in articulating those perspectives and ideas to clients. Before joining the Investment Solutions Group, Jerry was a member of the firm's Consultant Relations department supporting asset allocation and fixed income investment strategies. Prior to joining SSgA in 2005, Jerry worked as a Research Analyst at Chmura Economics & Analytics - an economic research firm in Richmond, Virginia. Jerry graduated from the University of Richmond with a Bachelor of Arts degree in Economics. He earned the Chartered Financial Analyst designation and is a member of both the Boston Security Analysts Society and CFA Institute. Jerry also serves on the Board of Directors for Tutoring Plus of Cambridge, a nonprofit tutoring and mentoring organization based in Cambridge, MA.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.26 2.42