Skip to main content

The Real Estate Select Sector SPDR® Fund XLRE

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.

There are risks associated with investing in Real Assets and the Real Assets sector, including real estate, precious metals and natural resources. Investments can be significantly affected by events relating to these industries. 

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

All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risk and non-diversification risk, which generally result in greater price fluctuations than the overall market.

Select Sector SPDR Funds bear a higher level of risk than more broadly diversified funds.

Index-based ETFs are passively managed and seek to track an index of securities. Expenses may cause the ETF's returns to deviate from the returns of the index.

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 invest by sampling the index, holding 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.

Intellectual Property Information: The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates ("S&P DJI") and have been licensed for use by State Street Global Advisors.  S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.

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

The Fund's investments are subject to changes in general economic conditions, general market fluctuations and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments can change substantially due to various factors including, but not limited to, economic growth or recession, changes in interest rates, changes in the actual or perceived creditworthiness of issuers, and general market liquidity. The Fund is subject to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, or other events could have a significant impact on the Fund and its investments.

NAV

NAV

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

$38,54
as of 14 Jun 2024
Base Currency
USD
Assets Under Management
$5 961,58 M
as of 14 Jun 2024
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.

0,09%

Fund Objective

The Real Estate Select Sector SPDR Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Real Estate Select Sector Index.

About this Benchmark

The companies included in each Select Sector Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor's 500 Composite Stock® Index ("S&P 500®"). The eleven Select Sector Indexes (each a "Select Sector Index") upon which the Select Sector SPDR Funds are based together comprise all of the companies in the S&P 500.

The Real Estate Select Sector Index includes companies from the following industries: real estate management and development and REITs, excluding mortgage REITs.

Fund Information as of 17 Jun 2024

Benchmark Real Estate Select Sector Index
Inception Date 07 Oct 2015
Options Available Yes
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.

0,09%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distribution Frequency Quarterly

Listing Information as of 17 Jun 2024

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE 08 Oct 2015 USD XLRE 81369Y860 US81369Y8600

Fund Characteristics as of 14 Jun 2024

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.

5,58%
Number of Holdings 31
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.

2,75
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.

35,96
Weighted Average Market Cap $49 440,20 M

Index Statistics as of 14 Jun 2024

Average Size Size Range
Weighted Average Market Cap Mean Median Largest Smallest
$49 441,69 M $32 158,75 M $25 279,09 M $103 956,96 M $8 393,61 M

Index Characteristics as of 14 Jun 2024

Est. 3-5 Year EPS Growth 5,58%
Number of Holdings 31
Price/Cash Flow 17,51
Price/Earnings 35,01
Price/Earnings Ratio FY1 35,88

Fund Market Price as of 14 Jun 2024

Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$38,54
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$38,53
Day High $38,64
Day Low $38,21
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

1 232 069
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)

0,00%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

0,03%

Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund's listing exchange) and the fund's net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

Number of Days Summary

Calendar Year 2023 First Quarter of 2024
Days Traded at Premium

Number of days the ETF 4PM Bid/Ask was above the NAV.

146 32
Days Traded at Discount

Number of days the ETF 4PM Bid/Ask was below the NAV.

104 29

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund's NAV when purchasing fund shares and may receive less than a fund's NAV when selling fund shares.

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

Fund Net Asset Value as of 14 Jun 2024

NAV

NAV

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

$38,54
Shares Outstanding 154.70 M
Assets Under Management $5 961,58 M

Fund Net Cash Amount as of 14 Jun 2024

Net Cash Amount $25 498 977,32

Yields as of 14 Jun 2024

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.

3,49%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

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 that does not account for expense ratio waivers.

3,49%
Fund Distribution Yield

Fund Distribution Yield

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

3,46%
Index Dividend Yield

Index Dividend Yield

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

3,66%

Fund Performance

  • Fund Inception Date: 07 Oct 2015

as of 31 May 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
07 Oct 2015
Fund Before Tax
NAV 31 May 2024 5,07% -3,86% -4,41% 9,29% -1,04% 4,26% - 6,33%
Market Value 31 May 2024 5,11% -3,77% -4,40% 9,33% -1,04% 4,27% - 6,34%
Benchmark
Real Estate Select Sector Index
31 May 2024 5,08% -3,85% -4,38% 9,30% -0,97% 4,37% - 6,46%
Fund After Tax
Return after Taxes on Distributions 31 May 2024 5,07% -3,86% -4,67% 7,88% -2,21% 3,01% - 4,94%
Return after Taxes on Distributions and Sale of Fund Shares 31 May 2024 3,00% -2,28% -2,61% 5,63% -1,19% 2,83% - 4,39%
Benchmark
Real Estate Select Sector Index
31 May 2024 5,08% -3,85% -4,38% 9,30% -0,97% 4,37% - 6,46%

as of 31 Mar 2024

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
07 Oct 2015
Fund Before Tax
NAV 31 Mar 2024 1,76% -0,58% -0,58% 9,59% 3,37% 5,22% - 6,96%
Market Value 31 Mar 2024 1,78% -0,66% -0,66% 9,58% 3,33% 5,21% - 6,95%
Benchmark
Real Estate Select Sector Index
31 Mar 2024 1,77% -0,55% -0,55% 9,60% 3,44% 5,34% - 7,08%
Fund After Tax
Return after Taxes on Distributions 31 Mar 2024 1,48% -0,85% -0,85% 8,18% 2,15% 3,96% - 5,53%
Return after Taxes on Distributions and Sale of Fund Shares 31 Mar 2024 1,04% -0,34% -0,34% 5,77% 2,13% 3,57% - 4,87%
Benchmark
Real Estate Select Sector Index
31 Mar 2024 1,77% -0,55% -0,55% 9,60% 3,44% 5,34% - 7,08%

Past performance is not a reliable indicator of future performance. 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.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

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: 0,09%

Top Holdings

Subject to Change.

as of 14 Jun 2024
as of 14 Jun 2024

Fund Top Holdings as of 14 Jun 2024

Name Shares Held Weight
PROLOGIS INC 5 675 393 10,51%
AMERICAN TOWER CORP 2 863 376 9,38%
EQUINIX INC 576 652 7,35%
WELLTOWER INC 3 399 587 5,88%
SIMON PROPERTY GROUP INC 2 001 908 4,95%
DIGITAL REALTY TRUST INC 1 983 546 4,95%
PUBLIC STORAGE 972 052 4,58%
REALTY INCOME CORP 5 108 245 4,53%
CROWN CASTLE INC 2 663 870 4,39%
EXTRA SPACE STORAGE INC 1 297 730 3,38%
Download All Holdings: Daily

Index Top Holdings as of 14 Jun 2024

Name Weight
Prologis Inc. 10,65%
American Tower Corporation 9,43%
Equinix Inc. 7,38%
Welltower Inc. 5,91%
Simon Property Group Inc. 4,98%
Digital Realty Trust Inc. 4,97%
Public Storage 4,60%
Realty Income Corporation 4,55%
Crown Castle Inc. 4,41%
Extra Space Storage Inc. 3,39%

Industry Allocation

as of 14 Jun 2024
as of 14 Jun 2024

Fund Industry Allocation as of 14 Jun 2024

Sector Weight
Specialized REITs 44,16%
Residential REITs 13,33%
Retail REITs 12,62%
Health Care REITs 11,29%
Industrial REITs 10,65%
Real Estate Management & Development 5,75%
Hotel & Resort REITs 1,29%
Office REITs 0,91%

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Index Industry Allocation as of 14 Jun 2024

Sector Weight
Specialized REITs 44,16%
Residential REITs 13,34%
Retail REITs 12,62%
Health Care REITs 11,28%
Industrial REITs 10,65%
Real Estate Management & Development 5,75%
Hotel & Resort REITs 1,29%
Office REITs 0,91%

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.

Real Estate Investment Trusts (REITS) investing may be subject to risks including, but not limited to, declines in the value of real estate, risks related to general economic conditions, changes in the value of the underlying property owned by the trust and defaults by borrowers.

Unless otherwise noted all information contained herein is that of The Real Estate Select Sector SPDR Fund.

Capital Risk: Investing involves risk including the risk of loss of capital.

Past performance is not a guarantee of future results.

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.

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