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    From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Find out more.

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    The Health Care Select Sector SPDR® Fund XLV

    Important Risk Disclosure

    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.

    Equity securities may fluctuate in value 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.

    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.

    NAV

    NAV

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

    $122.96

    as of May 11 2021

    Base Currency

    USD

    Assets Under Management

    $27,267.57 M

    as of May 11 2021

    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.

    0.12%

    Quick Links

    Key Features

    Key Features

    • The Health Care Select Sector SPDR® Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Health Care Select Sector Index (the “Index”)
    • The Index seeks to provide an effective representation of the health care sector of the S&P 500 Index
    • Seeks to provide precise exposure to companies in the pharmaceuticals; health care equipment and supplies; health care providers and services; biotechnology; life sciences tools and services; and health care technology industries
    • Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing

    About this Benchmark

    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 Health Care Select Sector Index includes companies from the following industries: pharmaceuticals; health care equipment and supplies; health care providers and services; biotechnology; life sciences tools and services; and health care technology.

    Fund Information as of May 11 2021

    Fund Information as of May 11 2021
    Benchmark Inception Date Options Available 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.

    		 Base Currency Investment Manager Management Team
    Health Care Select Sector Index Dec 16 1998 Yes 0.12% USD SSGA Funds Management, Inc. Global Equity Beta Solutions
    Benchmark Health Care Select Sector Index
    Inception Date Dec 16 1998
    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.

    		 0.12%
    Base Currency USD
    Investment Manager SSGA Funds Management, Inc.
    Management Team Global Equity Beta Solutions
    Distributor Distribution Frequency
    ALPS Portfolio Solutions Distributor, Inc. Quarterly
    Distributor ALPS Portfolio Solutions Distributor, Inc.
    Distribution Frequency Quarterly

    Listing Information as of May 11 2021

    Listing Information as of May 11 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Dec 22 1998 USD XLV 81369Y209 US81369Y2090
    Exchange NYSE ARCA EXCHANGE
    Listing Date Dec 22 1998
    Trading Currency USD
    Ticker XLV
    CUSIP 81369Y209
    ISIN US81369Y2090

    Fund Characteristics as of May 11 2021

    Fund Characteristics as of May 11 2021
    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.

    		 Number of Holdings 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.

    		 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.

    		 Weighted Average Market Cap
    11.00% 62 4.94 17.18 $173,706.33 M
    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.

    		 11.00%
    Number of Holdings 62
    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.

    		 4.94
    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.

    		 17.18
    Weighted Average Market Cap $173,706.33 M

    Index Characteristics as of May 11 2021

    Index Characteristics as of May 11 2021
    Est. 3-5 Year EPS Growth Number of Holdings Price/Cash Flow Price/Earnings Price/Earnings Ratio FY1
    11.00% 62 15.74 27.54 17.18
    Est. 3-5 Year EPS Growth 11.00%
    Number of Holdings 62
    Price/Cash Flow 15.74
    Price/Earnings 27.54
    Price/Earnings Ratio FY1 17.18

    Index Statistics as of May 11 2021

    Index Statistics as of May 11 2021

    Average Size
    Size Range
    Weighted Average Market Cap Mean Median Largest Smallest
    $173,709.14 M $75,377.84 M $41,969.64 M $444,610.72 M $5,919.39 M
    Weighted Average Market Cap $173,709.14 M
    Average Size
    Mean $75,377.84 M
    Median $41,969.64 M
    Size Range
    Largest $444,610.72 M
    Smallest $5,919.39 M

    Yields as of May 11 2021

    Yields as of May 11 2021
    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.

    		 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.

    		 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.

    		 Index Dividend Yield

    Index Dividend Yield

    The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.
    1.40% - 1.39% 1.60%
    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.

    		 1.40%
    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.

    		 -
    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.

    		 1.39%
    Index Dividend Yield

    Index Dividend Yield

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

    		 1.60%

    Fund Market Price as of May 11 2021

    Fund Market Price as of May 11 2021
    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.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

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

    		 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)

    		 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.
    $122.96 $122.89 $124.10 $122.61 3,005,725 0.01% 0.01%
    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.

    		 $122.96
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $122.89
    Day High $124.10
    Day Low $122.61
    Exchange Volume (Shares)

    Exchange Volume (shares)

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

    		 3,005,725
    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)

    		 0.01%
    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.

    		 0.01%

    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.

    x axis: Dates
    y axis: Premium or Discount (bps)

    Number of Days Summary

    Calendar Year 2020 First Quarter of 2021
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 109 34
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 144 27
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2020 109
    First Quarter of 2021 34
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2020 144
    First Quarter of 2021 27
    Fund Data

    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, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of May 11 2021

    Fund Net Cash Amount as of May 11 2021
    Net Cash Amount
    $26,479,481.27
    Net Cash Amount $26,479,481.27

    Fund Net Asset Value as of May 11 2021

    Fund Net Asset Value as of May 11 2021
    NAV

    NAV

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

    		 Shares Outstanding Assets Under Management
    $122.96 221.77 M $27,267.57 M
    NAV

    NAV

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

    		 $122.96
    Shares Outstanding 221.77 M
    Assets Under Management $27,267.57 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Dec 16 1998
    Performance
    Month End Quarter End

    as of Apr 30 2021

    as of Mar 31 2021

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Dec 16 1998
    Fund Before Tax
    NAV Apr 30 2021 3.94% 3.94% 7.21% 23.52% 15.95% 13.64% 15.12% 9.07%
    Market Value Apr 30 2021 3.93% 3.93% 7.34% 23.68% 15.95% 13.64% 15.12% 9.07%
    Health Care Select Sector Index Apr 30 2021 3.96% 3.96% 7.27% 23.70% 16.12% 13.80% 15.31% 9.29%
    Fund After Tax
    Return after Taxes on Distributions Apr 30 2021 3.94% 3.94% 7.06% 22.98% 15.38% 13.14% 14.67% 8.74%
    Return after Taxes on Distributions and Sale of Fund Shares Apr 30 2021 2.33% 2.33% 4.27% 14.11% 12.39% 10.80% 12.67% 7.79%
    Health Care Select Sector Index Apr 30 2021 3.96% 3.96% 7.27% 23.70% 16.12% 13.80% 15.31% 9.29%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Dec 16 1998
    Fund Before Tax
    NAV Mar 31 2021 3.91% 3.15% 3.15% 33.81% 14.92% 13.41% 15.40% 8.91%
    Market Value Mar 31 2021 4.01% 3.28% 3.28% 33.93% 14.88% 13.42% 15.40% 8.91%
    Health Care Select Sector Index Mar 31 2021 3.92% 3.18% 3.18% 34.04% 15.09% 13.57% 15.59% 9.14%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 3.76% 3.00% 3.00% 33.22% 14.36% 12.91% 14.94% 8.59%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 2.31% 1.86% 1.86% 20.24% 11.58% 10.63% 12.94% 7.65%
    Health Care Select Sector Index Mar 31 2021 3.92% 3.18% 3.18% 34.04% 15.09% 13.57% 15.59% 9.14%

    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.

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

    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: 0.12%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of May 11 2021
    Index Top Holdingsas of May 11 2021

    Fund Top Holdings as of May 11 2021

    Name Shares Held Weight
    Johnson & Johnson 15,790,647 9.68%
    UnitedHealth Group Incorporated 5,678,516 8.48%
    Pfizer Inc. 33,505,192 4.78%
    Abbott Laboratories 10,641,710 4.57%
    AbbVie Inc. 10,607,693 4.42%
    Merck & Co. Inc. 15,199,772 4.27%
    Thermo Fisher Scientific Inc. 2,365,528 3.98%
    Medtronic Plc 8,097,948 3.68%
    Danaher Corporation 3,807,673 3.56%
    Eli Lilly and Company 4,778,598 3.38%
    Download All Holdings: Daily

    Index Top Holdings as of May 11 2021

    Name Weight
    Johnson & Johnson 9.69%
    UnitedHealth Group Incorporated 8.49%
    Pfizer Inc. 4.79%
    Abbott Laboratories 4.58%
    AbbVie Inc. 4.43%
    Merck & Co. Inc. 4.28%
    Thermo Fisher Scientific Inc. 3.99%
    Medtronic Plc 3.68%
    Danaher Corporation 3.57%
    Eli Lilly and Company 3.38%

    Industry Allocation

    Industry Allocation
    Fund Industry Allocationas of May 11 2021
    Index Industry Allocationas of May 11 2021

    Fund Industry Allocation as of May 11 2021

    Sector Weight
    Pharmaceuticals 27.95%
    Health Care Equipment & Supplies 27.44%
    Health Care Providers & Services 21.49%
    Biotechnology 13.88%
    Life Sciences Tools & Services 8.73%
    Health Care Technology 0.51%

    Index Industry Allocation as of May 11 2021

    Sector Weight
    Pharmaceuticals 27.95%
    Health Care Equipment & Supplies 27.44%
    Health Care Providers & Services 21.49%
    Biotechnology 13.88%
    Life Sciences Tools & Services 8.73%
    Health Care Technology 0.51%
    Fund Documents
    Tax Documents
    Insights & Resources

    Purchase Information

    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.

    Fund Footnotes

    There are no sales loads on Select Sector SPDR shares but ordinary brokerage commissions apply and this expense is not reflected in performance calculations.

    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.

    Unless Otherwise noted all information contained herein is that of The Health Care Select Sector SPDR ETF.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    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.

    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.

    Content on this site is approved for Investment Professional use only.
     

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    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.
     

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    Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC,  an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
     

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    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.
     

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