State Street SPDR S&P Software & Services ETF
XSW
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 - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Sep 29, 2011
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR S&P Software & Services ETF (XSW), issued by State Street Global Advisors, seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Software & Services Select Industry Index. The ETF employs a representative sampling strategy to track this equal-weighted index, which comprises U.S.-listed companies classified under the Global Industry Classification Standard (GICS) software and services sub-industries, including application software, systems software, IT services, IT consulting and other services, data processing and outsourced services, home entertainment software, and internet software and services; all constituents are within the information technology sector. Launched on September 28, 2011, and domiciled in the United States with headquarters aligned to State Street Global Advisors in Boston, Massachusetts, XSW maintains a portfolio of approximately 142 holdings across diversified market capitalizations, with a notable tilt toward small- and mid-cap growth stocks; top holdings as of recent data include D-Wave Quantum Inc. (QBTS), BigBear.ai Holdings Inc. (BBAI), PROS Holdings Inc. (PRO), CleanSpark Inc. (CLSK), and Digital Turbine Inc. (APPS), collectively representing about 10% of assets under management, which stood at roughly $484 million with an expense ratio of 0.35%. The fund targets investors seeking broad, equal-weighted exposure to the software and services segment of the U.S. equity market, emphasizing themes such as artificial intelligence, cloud computing, cybersecurity, and digital transformation. In recent developments, XSW has benefited from heightened investor interest in AI-driven software growth, posting a one-year total return of 26.74% as of late 2025 and outperforming broader technology benchmarks amid favorable rate shifts and deregulation expectations under the current administration; its equal-weighting approach has amplified gains from small-cap constituents amid accelerating AI adoption. Holdings reflect ongoing sector evolution, with increased weighting in AI, quantum computing, and blockchain-related firms like D-Wave Quantum, BigBear.ai, and Cipher Mining, alongside established players in cybersecurity and enterprise software such as CrowdStrike and Palantir Technologies. No major structural changes, such as index reconstitutions, acquisitions, or product launches specific to the ETF, have been announced in the past 1-2 years, though portfolio turnover aligns with quarterly index rebalancing and semi-annual dividend distributions, including ex-dividend dates in June and March 2025 yielding $0.12 trailing twelve months. Operations remain focused on U.S. public equity markets without international geographic expansion or parent-subsidiary alterations.