Technology Select Sector SPDR XLK

The Technology Select Sector SPDR ETF is an exchange-traded fund that seeks to provide investment results that track the total investment return of the Technology Select Sector Index, an index designed to provide an effective representation of the technology sector of the S&P 500 Index. The fund is managed by State Street Global Advisors, the asset management division of State Street Corporation, a major investment firm established in 1978 and headquartered in Boston, Massachusetts.

The fund aims to provide investors with exposure to companies from a variety of sectors including technology hardware, storage, and peripherals, software, communications equipment, semiconductors and semiconductor equipment, IT services, and electronic equipment, instruments and components.

The fund has a quarterly distribution frequency and is distributed by ALPS Portfolio Solutions Distributor, Inc. The fund typically invests in all of the securities represented in the index in approximately the same proportions as the index. It also generally invests all, and at an absolute minimum 95%, of its total assets in the securities comprising the index. The fund is listed on the NYSE where it trades under the stock ticker XLK.

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