State Street Utilities Select Sector SPDR ETF
XLU
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
FRC
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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
- 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 Utilities Select Sector SPDR ETF (XLU) is an exchange-traded fund that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Utilities Select Sector Index, a benchmark comprising utilities companies from the S&P 500 Index. The fund employs a passive management strategy, investing substantially all, but at least 95%, of its total assets in the securities that make up the index; these include companies in the electric utilities, water utilities, multi-utilities, independent power and renewable electricity producers, and gas utilities industries according to the Global Industry Classification Standard (GICS). Top holdings as of recent data feature NextEra Energy Inc. (NEE; approximately 12.7%), Constellation Energy Corp. (CEG; approximately 8.6%), Southern Co. (SO; approximately 7.1%), Duke Energy Corp. (DUK; approximately 6.8%), and American Electric Power Co. Inc. (AEP; approximately 4.6%), with the top 10 holdings accounting for nearly 59% of the portfolio across 34 total holdings. XLU, managed by State Street Global Advisors (SSGA), a wholly owned subsidiary of State Street Corporation founded in 1978 and headquartered in Boston, Massachusetts, launched on December 16, 1998. The fund targets institutional and retail investors seeking exposure to the defensive utilities sector, characterized by stable dividends and lower volatility; it operates primarily in the U.S. market with net assets exceeding $22 billion, a net expense ratio of 0.08%, and quarterly dividend distributions. SSGA pioneered the first U.S. ETF in 1993, establishing its leadership in sector-specific exchange-traded products. In recent developments, XLU announced a 2-for-1 stock split effective December 5, 2025, aimed at enhancing share accessibility, increasing trading volume, and broadening its investor base amid a share price approaching $90 pre-split. The fund has delivered strong performance, posting a year-to-date total return of approximately 14-20% through late 2025, driven by surging electricity demand from AI data centers, grid modernization, and favorable interest rate dynamics. No major acquisitions, partnerships, or strategic reorganizations specific to XLU were reported in the last 1-2 years, though the broader utilities sector, including XLU's holdings, has benefited from renewable energy expansions and power infrastructure investments.