State Street Communication Services Select Sector SPDR ETF
XLC
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Jun 19, 2018
- CIK
- 0001064641
- Website
- ssga.com
- Similar Companies
- Business
- State Street Communication Services Select Sector SPDR ETF (XLC) is an exchange-traded fund that seeks to provide investment results, before expenses, corresponding generally to the price and yield performance of the Communication Services Select Sector Index, a market capitalization-weighted index comprising U.S. telecommunication, media, entertainment, and interactive media & services companies from the S&P 500 Index; its portfolio includes diversified telecommunication services, wireless telecommunication services, media, entertainment, and interactive media & services securities such as Meta Platforms Inc., Alphabet Inc. (Classes A and C), Netflix Inc., Warner Bros. Discovery Inc., Electronic Arts Inc., Verizon Communications Inc., Take-Two Interactive Software Inc., The Walt Disney Company, and AT&T Inc., with the top 10 holdings representing approximately 67% of assets. The ETF, launched on June 18, 2018 and managed by State Street Global Advisors, a division of State Street Global Advisors Funds Management, Inc. headquartered in Boston, Massachusetts, operates primarily in the United States equity markets, targeting institutional and retail investors seeking sector-specific exposure to communication services with a low expense ratio of 0.08% and quarterly dividend distributions. In recent developments, State Street Global Advisors implemented a major revision to the weighting and rebalancing methodology across its 11 Select Sector SPDR ETFs, including XLC, to reduce concentration risk in top holdings and enhance diversification; additionally, State Street Investment Management assumed responsibility for distribution and marketing of the Select Sector SPDR ETFs, previously handled separately, streamlining operations as of 2024.