State Street Financial Select Sector SPDR ETF
XLF
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
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Dec 22, 1998
- CIK
- 0001064641
- Website
- ssga.com
- Similar Companies
- Business
- State Street Financial Select Sector SPDR ETF (XLF) is an exchange-traded fund that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Financial Select Sector Index, a benchmark comprising financial companies from the S&P 500 Index. The fund invests at least 95% of its total assets in the securities comprising the index or depositary receipts representing those securities, offering investors targeted exposure to diversified U.S. financial services firms across subsectors including banks, insurance providers, capital markets firms, diversified financial services, consumer finance, mortgage finance, and real estate investment trusts. Top holdings include Berkshire Hathaway Inc. Class B (approximately 11.7%), JPMorgan Chase & Co. (11.1%), Visa Inc. Class A (7.4%), Mastercard Inc. Class A (5.9%), Bank of America Corp. (4.8%), Wells Fargo & Co. (3.8%), Goldman Sachs Group Inc. (3.4%), Morgan Stanley (2.7%), American Express Co. (2.6%), and Citigroup Inc. (2.6%), representing over 55% of the fund's approximately $54 billion in assets under management as of late 2025. Launched on December 16, 1998, and managed by State Street Global Advisors, a division of State Street Corporation headquartered in Boston, Massachusetts, XLF trades on the NYSE Arca exchange and serves institutional and retail investors seeking sector-specific growth in the financial industry. Recent developments include a dividend distribution increase to $0.69 annually in 2024 from $0.64 in 2023, reflecting a 4.55% rise and quarterly payouts such as $0.179 in March 2025 and $0.1721 in June 2025, alongside year-to-date net asset value returns of approximately 5% through mid-2025 amid strong performance from top holdings amid favorable interest rate dynamics. Institutional ownership remains robust, with notable adjustments in Q2 2025 including additions by Gradient Investments LLC (814,272 shares) and Main Management ETF Advisors, LLC (over 5 million shares), offset by reductions from major players like JPMorgan Chase, Goldman Sachs, and Bank of America, while the fund maintained a low expense ratio of 0.08% and high liquidity with a 30-day median bid/ask spread of 0.02%.