–News Direct–
The Technology Select Sector SPDR Fund (XLK), with its comprehensive coverage of U.S. technology, remains a pillar in investment strategies for individuals and institutions alike. With its focus on the components of the S&P 500 in technology industries, XLK offers an efficient way to gain exposure to this dynamic sector.
The ETF is carefully structured, featuring a roster of technology giants that have shown resilience. The fund's composition reflects substantial holdings in some of the most influential and innovative companies in the U.S.
Key Holdings* of the Technology Select Sector SPDR Fund (XLK) Include:
Microsoft Corporation (22.59%)
Apple Inc (20.41%)
Broadcom Inc (4.72%)
Nvidia Corporation (4.58%)
Salesforce Inc (2.92%)
Advanced Micro Devices Inc (2.87%)
Adobe Inc (2.35%)
Cisco Systems Inc (2.14%)
Accenture (2.12%)
Qualcomm Incorporated (2.08%)
The XLK ETF's large market position is reflective of the sector's ongoing importance and innovation, with total assets surpassing $62 billion and an expense ratio of 0.09%**.
Investors looking for diversified exposure to the tech sector will find XLK's concentrated yet comprehensive portfolio alignment appealing. The Technology Select Sector SPDR Fund allows for participation in the exciting XLK ETF composed of these tech behemoths, while offering diversification across multiple technology industries.
DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication.
About the Company:
Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals.
*Holdings, Weightings & Assets as of 4/30/24 subject to change
**Ordinary brokerage fees apply
DISCLOSURES
The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing.
One may not invest directly in an index.
Transparent ETFs provide daily disclosure of portfolio holdings and weightings
All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
Media Contact:
Company: Select Sector SPDRs
Contact: Dan Dolan*
Address: 1290 Broadway, Suite 1000, Denver, CO 80203
Country: United States
Email: dan.dolan@sectorspdrs.com
Website: https://www.sectorspdrs.com/
*Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust.
SEL007521 EXP 7/31/24
Contact Details
Dan Dolan
+1 203-935-8103
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/technology-select-sector-spdr-fund-xlk-continues-to-be-a-mainstay-in-technology-investing-837273829
Select Sector SPDR
COMTEX_452726951/2655/2024-05-22T05:00:17
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Smart Herald journalist was involved in the writing and production of this article.