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XLB

Materials Select Sector SPDR® Fund

Fund Objective

The Materials Select Sector SPDR® Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Materials Select Sector Index.

Ordinary brokerage commissions may apply.

Fund Information

As of   12/05/2016
Ticker Symbol XLB
Primary Benchmark Materials Select Sector Index
CUSIP 81369Y100
Options Available Yes
Gross Expense Ratio

The gross expense ratio is the fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.14%
Inception Date 12/16/1998
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor ALPS Portfolio Solutions Distributor, Inc.
Distribution Frequency Quarterly
Exchange NYSE ARCA EXCHANGE

Fund Characteristics

As of   12/01/2016
Est. 3-5 Year EPS Growth

The Estimated 3-5 Year EPS Growth 

Based on the underlying holdings of the fund. The actual earnings estimates for the underlying holdings are provided by FactSet, First Call, I/B/E/S Consensus, and Reuters and are used to calculate a mean 3-5 year EPS growth rate estimate.

9.18%
Number of Holdings 27
Price/Book Ratio

Price/Book Ratio

The weighted harmonic average of closing market price divided by the most recent reported book value for each security in the fund’s portfolio as calculated for the last twelve months.

3.74
Price/Earnings Ratio FY1

Price/Earnings Ratio FY1

Closing price divided by the sum of the forecasted fiscal year earnings per share.

19.78
Weighted Average Market Cap $33,739.00 M

Yields

As of   12/01/2016
30 Day SEC Yield

30 Day SEC Yield (Standardized Yield) 

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30-day period by the current maximum offering price.

1.90%
Fund Dividend Yield

Fund Dividend Yield is the sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

1.91%
Index Dividend Yield

Index Dividend Yield is the weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

2.13%

Index Characteristics

As of   12/01/2016
Est. 3-5 Year EPS Growth 9.18%
Number of Holdings 26
Price/Cash Flow 11.84
Price/Earnings 20.07
Price/Earnings Ratio FY1 19.61
Return On Equity 20.30%

Fund Documents

Fund Market Price

As of   12/01/2016
Bid/Ask $49.92
Closing Price $49.96
Day High $50.33
Day Low $49.81
Exchange Volume (shares)

The Exchange Volume represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

2,704,891
Premium/Discount

Premium/Discount to NAV

Premium/Discount to NAV shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask – Closing NAV)  /  Closing NAV * 100)

-0.02%
Premium Discount to Nav Chart

Fund Net Asset Value

NAV

Market value of a mutual fund's and ETF's total assets, minus liabilities, divided by the number of shares outstanding

As of   12/01/2016
NAV $49.93
Shares Outstanding 74.97 M
Total Net Assets $3,743.31 M
Most Recent NAV / NAV History XLS

Fund Net Cash Amount

As of   12/01/2016
Net Cash Amount $10,412,022.75

Index Statistics

As of   12/01/2016
Weighted Average Market Cap $33,559.18 M
Average Size
Mean $21,763.30 M
Median $16,866.04 M
Size Range
Largest $63,998.97 M
Smallest $2,979.56 M

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.

Performance Graphs

Month End as of 10/31/2016

Fund Inception Date: 12/16/1998

Index Inception Date: 12/16/1998

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Fund Top Holdings

Subject to change.

As of   12/01/2016
Name Weight Shares Held
E. I. du Pont de Nemours and Company 11.73 % 5,837,592
Dow Chemical Company 11.52 % 7,523,489
Monsanto Company 8.25 % 2,921,525
Praxair Inc. 6.22 % 1,904,400
Air Products and Chemicals Inc. 5.68 % 1,445,880
Ecolab Inc. 5.67 % 1,752,214
LyondellBasell Industries NV 5.20 % 2,090,142
PPG Industries Inc. 4.20 % 1,614,532
Sherwin-Williams Company 3.93 % 541,608
International Paper Company 3.77 % 2,780,250
Download All Holdings XLS

Index Top Holdings

As of 12/01/2016
Name Weight
E. I. du Pont de Nemours and Company 11.67 %
Dow Chemical Company 11.46 %
Monsanto Company 8.21 %
Praxair Inc. 6.19 %
Air Products and Chemicals Inc. 5.66 %
Ecolab Inc. 5.64 %
LyondellBasell Industries NV 5.17 %
PPG Industries Inc. 4.18 %
Sherwin-Williams Company 3.91 %
International Paper Company 3.75 %

Fund Industry Allocation

As of  12/01/2016
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Index Industry Allocation

As of  12/01/2016
<?xml version="1.0" encoding="UTF-8"?><component><asOfDate>12/01/2016</asOfDate><overrideLabel>Index Industry Allocation</overrideLabel><code>BMARK_SECTOR_ALLOCTAION</code><attributes><attribute><rawValue>72.26</rawValue><value>72.26%</value><label>Chemicals</label><order>1</order></attribute><attribute><rawValue>11.91</rawValue><value>11.91%</value><label>Containers &amp; Packaging</label><order>2</order></attribute><attribute><rawValue>10.17</rawValue><value>10.17%</value><label>Metals &amp; Mining</label><order>3</order></attribute><attribute><rawValue>5.67</rawValue><value>5.67%</value><label>Construction Materials</label><order>4</order></attribute></attributes></component>

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Unless otherwise noted all information contained herein is that of the Materials Select Sector SPDR ETF.

All total return figures assume reinvestment of dividend and capital gains at net assets value; actual returns may differ.

There are no sales loads on Select Sector SPDR shares but ordinary brokerage commissions apply and this expense is not reflected in performance calculations.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

Global Equity Beta Solutions

Co-Head of Passive Equity Strategies John Tucker Senior Managing Director Show Bio

John is a Senior Managing Director of State Street Global Advisors and Co-Head of Passive Equity Strategies in North America. John is responsible for overseeing the management of all equity index strategies and Exchange Traded Funds managed in North America. He is a member of the Senior Leadership Team. Previously, John was head of the Structured Products group in SSGA's London office, where he was responsible for the management of all index strategies in our second largest investment center.

John received a BA from Trinity College and an MS in Finance from Boston College. He has also earned the Chartered Financial Analyst designation and is a member of the Boston Security Analysts Society and the CFA Institute. In addition, John is a member of The Russell Index Client Advisory Board and The S&P U.S. Index Advisory Panel. He joined State Street in 1988.

Co-Head, Global Equity Beta Solutions Michael J. Feehily Senior Managing Director Show Bio

Mike is a Senior Managing Director and the Head of Global Equity Beta Solutions in the Americas. He is also a member of the Senior Leadership Team, is the Chairperson for the firm's Trade Management Oversight Committee, and is a voting member on the North America Product Committee.

Mike rejoined SSGA in 2010 after spending four years in State Street Global Markets where he helped to build the Global Exposure Solutions business. This group created and managed portfolios that were designed to meet the short-term market exposure needs of our institutional clients. Prior to this Mike had been Head of the US Passive Equity Team within SSGA, which he originally joined in 1997. He began his career at State Street within the Global Services division in 1992.

Mike received a Bachelor of Science Degree from Babson College in Finance, Investments, and Economics. He received an MBA in Finance from Bentley College and also earned the Chartered Financial Analyst designation. He is a member of the CFA Institute and the Boston Security Analysts Society. Mike is also a former member of the Russell Index Client Advisory Board.

Portfolio Manager Karl A. Schneider Vice President Show Bio

Karl Schneider, CAIA, is a Vice President of SSGA and Deputy Head of Global Equity Beta Solutions (GEBS) in the Americas. He also serves as a senior portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for US equity strategies and synthetic beta strategies, including commodities, buy/write, and hedge fund replication. He is also a member of the S&P Dow Jones US Equities Index Advisory Panel.

Prior to joining the GEBS team, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1997.

Mr. Schneider holds a BS in Finance and Investments from Babson College and also an MS in Finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation and is a member of the CAIA Association.

After Tax Returns

After-tax returns are calculated using the historical highest individual federal marginal income tax rates, and do not reflect the impact of state and local taxes. Actual after tax returns depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shres through tad deferred arrangements such as 401(k) plans or individual retiredment accounts. After tax returns may not take into account year end tax adjustments, which are calculated only at the end of each tax year. The after tax returns could differ after year end tax adjustments are accounted for.

Materials Select Sector Index

The companies included in each Select Sector Index are selected on the basis of general industry classification from a universe of companies defined by the Standard & Poor's 500 Composite Stock® Index ("S&P 500®"). The nine Select Sector Indexes (each a "Select Sector Index") upon which the Select Sector SPDR Funds are based together comprise all of the companies in the S&P 500.

The Materials Select Sector Index includes companies from the following industries: chemicals; metals & mining; paper & forest products; containers & packaging; and construction materials.

Important Risk Information

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

Select Sector SPDR Funds bear a higher level of risk than more broadly diversified funds. All ETFs are subject to risk, including the possible loss of principal. Sector ETFs products are also subject to sector risk and non-diversification risk, which generally results in greater price fluctuations than the overall market.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR® S&P® 500, SPDR® S&P® MidCap 400 and SPDR Dow Jones Industrial Average, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Markets, LLC.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

Premium Discount to NAV

As of  12/01/2016
Ticker NAV Close Bid/Ask Mid Pt Premium/ Discount
Materials Select Sector SPDR® Fund XLB $49.93 $49.96 $49.92 -0.02%
Download Fund Data

x axis: # of days y axis: # Premium/Discount percentage

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.