--News Direct--
As the technology sector continues to be at the forefront of innovation and economic growth, the Technology Select Sector SPDR Fund (XLK) offers investors comprehensive exposure to the U.S. technology sector, catering to both individual and institutional investment strategies. XLK remains a viable choice for those seeking exposure to the dynamic world of technology.
With its focus on components in various industries within the technology sector, XLK provides a way to gain exposure to some of the most influential and innovative companies in the U.S. technology market. This exchange-traded fund (ETF) is carefully structured to include all S&P 500 components in the Technology sector.
Key Holdings* of the Technology Select Sector SPDR Fund (XLK):
Apple - 15.45%
Nvidia - 13.45%
Microsoft - 12.79%
Broadcom - 5.86%
Salesforce - 3.43%
Oracle - 2.88%
Cisco Systems - 2.53%
Accenture A - 2.36%
ServiceNow - 2.34%
International Business Machines - 2.18%
These holdings reflect XLK's focus on large cap technology companies. With total assets surpassing $72 billion and an expense ratio of 0.08%**, XLK remains an option for those looking to partake in the sector's growth potential.
For individual investors, XLK offers a streamlined path to engage with the burgeoning tech industry, granting access to a portfolio that spans various technology industries. Institutional investors, on the other hand, find value in XLK's ability to provide substantial exposure to the tech market, making it a strategic addition to diversified investment portfolios.
More About XLK
The Technology Select Sector SPDR Fund is a mainstay in technology investing. XLK captures the essence of the U.S. technology sector, known for its rapid innovation and substantial contributions to the broader economy.
The Technology Select Sector SPDR Fund (XLK) continues to serve as a vital tool for investors aiming to stay aligned with the technological advancements and economic impacts driven by leading corporations. Its balanced roster of tech companies ensures that it remains an excellent vehicle for stakeholders seeking to benefit from the ongoing transformation of the tech industry.
For more information about the Technology Select Sector SPDR Fund and its role in technology investing, please visit https://www.sectorspdrs.com/.
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 12/31/24 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.
SEL008158 EXP 3/31/25
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-a-cornerstone-in-technology-investing-148323745
