State Street Materials Select Sector SPDR ETF
XLB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Iron Street Boston United States of America 2210
- IPO Date
- Dec 22, 1998
- CIK
- 0001064641
- Website
- ssga.com
- Similar Companies
- Business
- The Materials Select Sector SPDR Fund (XLB) is an exchange-traded fund managed by State Street Global Advisors that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Materials Select Sector Index. The fund invests substantially all, but at least 95%, of its total assets in the securities comprising the S&P Materials Select Sector Index, which includes publicly traded equity securities of companies in the materials sector of the S&P 500 Index; these encompass industries such as chemicals, metals and mining, paper and forest products, containers and packaging, and construction materials. Top holdings as of late 2025 include Linde plc (approximately 15-16%), Newmont Corporation (around 8%), Sherwin-Williams Company (about 6%), Freeport-McMoRan Inc., Nucor Corp., Ecolab Inc., Martin Marietta Materials, Vulcan Materials, Corteva Inc., and Air Products and Chemicals Inc., representing over 60% of the fund's assets across roughly 29 holdings. The fund targets institutional and retail investors seeking concentrated exposure to U.S. large-cap materials companies within developed markets, with a net expense ratio of 0.08-0.09%, high liquidity, and a market cap focus on large-cap equities. Launched on December 16, 1998, and headquartered in Boston, Massachusetts as part of State Street Global Advisors (a subsidiary of State Street Corporation), XLB operates primarily in the United States with listings on NYSE Arca and global investor access through intermediaries. The fund maintains a passive, market-cap-weighted strategy aligned with the Global Industry Classification Standard (GICS) for materials classification, providing diversified yet concentrated sector exposure without leverage or currency hedging. In a significant recent development, State Street Investment Management announced a 2-for-1 share split for XLB on November 20, 2025, affecting shareholders of record as of market close on December 2, 2025, with shares payable after market close on December 4, 2025, and trading at the post-split price beginning December 5, 2025; this adjustment reduced the share price from approximately $85.52 to an estimated $42.76 while doubling outstanding shares and preserving aggregate market value, with no changes to CUSIP numbers or investment objectives. No major acquisitions, funding rounds, partnerships, new product launches specific to XLB, or strategic reorganizations have been reported in the last 1-2 years, though State Street expanded its broader Select Sector SPDR suite in July 2025 with eleven new Premium Income ETFs (including one linked to materials exposure) and assumed direct distribution responsibilities for the Select Sector SPDR franchise in December 2025. As of mid-December 2025, the fund manages over $5.1-5.26 billion in assets under management, reflecting steady growth amid materials sector dynamics.