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SPDR® SSGA US Sector Rotation ETF
Active ETF
XLSR
Payout Change
Pending
Price as of:
$48.09
+0.63
+1.33%
primary theme
U.S. Large-Cap Blend Equity
XLSR (ETF)
SPDR® SSGA US Sector Rotation ETF
Payout Change
Pending
Price as of:
$48.09
+0.63
+1.33%
primary theme
U.S. Large-Cap Blend Equity
XLSR (ETF)
SPDR® SSGA US Sector Rotation ETF
Payout Change
Pending
Price as of:
$48.09
+0.63
+1.33%
primary theme
U.S. Large-Cap Blend Equity
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.3%
1 yr return
20.8%
3 Yr Avg Return
5.9%
5 Yr Avg Return
11.7%
Net Assets
$492 M
Holdings in Top 10
112.0%
52 WEEK LOW AND HIGH
$47.5
$39.39
$49.86
Expenses
OPERATING FEES
Expense Ratio 0.70%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 263.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
XLSR - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return 5.9%
- 5 Yr Annualized Total Return 11.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.89%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSPDR® SSGA US Sector Rotation ETF
-
Fund Family NameState Street Global Advisors - advised funds
-
Inception DateApr 03, 2019
-
Shares Outstanding5260000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Narkiewicz
Fund Description
The Fund is a “fund of funds,” meaning that it primarily invests its assets in securities of other exchange-traded funds “ETFs”). In particular, the Fund allocates its assets among ETFs that each focus on common stocks of companies included in an individual sector of the S&P 500® Index, as determined by the Global Industry Classification Standard (GICS®) (each, an “Equity Sector” and collectively, the “Equity Sectors”). As of the date of this Prospectus, the Equity Sectors include: communication services, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, real estate, information technology and utilities. Components of the S&P 500 Index, and the sector classifications as determined by GICS, are subject to change and are not controlled by the Fund or the Adviser.
SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”), the Fund's investment adviser, allocates the Fund's assets among the ETFs based on a proprietary sector selection model. The model first incorporates macroeconomic, financial and market data to arrive at a projected return forecast for each Equity Sector. Using these projected return forecasts, the model then allocates the weightings of each Equity Sector to construct a portfolio that seeks to maximize expected return. The portfolio's final sector allocation is subject to the Adviser's risk and diversification constraints, which limit the amount an Equity Sector may represent in the portfolio. The Adviser may not fully implement the results of the model if it believes the model does not take into account all relevant data, or that a different evaluation or weighting of the data is more appropriate. It is possible the Fund may not have exposure to all Equity Sectors at all times. The Adviser typically rebalances the Fund's portfolio on a monthly basis, although rebalancing may occur more frequently depending on market conditions. The Adviser buys and sells securities for the Fund at each rebalancing based on the results of the process described above. As a result of frequent rebalances, the Fund may experience a high turnover rate.
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investments purposes) directly or indirectly through the underlying ETFs, in securities of U.S. companies. The Fund may invest in ETFs that pay fees to the Adviser and its affiliates for management, marketing or other services.
XLSR - Performance
Return Ranking - Trailing
| Period | XLSR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -2.3% | 12.5% | 72.07% |
| 1 Yr | 20.8% | -1.1% | 44.9% | 68.61% |
| 3 Yr | 5.9%* | -13.2% | 27.1% | 71.87% |
| 5 Yr | 11.7%* | -2.1% | 106.4% | 60.71% |
| 10 Yr | N/A* | 2.4% | 20.4% | 81.22% |
* Annualized
Return Ranking - Calendar
| Period | XLSR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.6% | -42.6% | 47.4% | 55.76% |
| 2022 | -17.2% | -56.3% | -4.2% | 14.93% |
| 2021 | 16.4% | -27.2% | 53.7% | 52.98% |
| 2020 | 18.4% | -36.2% | 2181.7% | 15.27% |
| 2019 | N/A | -22.7% | 40.4% | N/A |
Total Return Ranking - Trailing
| Period | XLSR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -2.3% | 12.5% | 72.07% |
| 1 Yr | 20.8% | -1.1% | 44.9% | 68.61% |
| 3 Yr | 5.9%* | -13.2% | 27.1% | 71.87% |
| 5 Yr | 11.7%* | -2.1% | 106.4% | 60.71% |
| 10 Yr | N/A* | 2.4% | 20.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | XLSR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.9% | -5.0% | 47.4% | 75.28% |
| 2022 | -15.7% | -36.8% | -2.2% | 30.10% |
| 2021 | 20.5% | 3.0% | 124.3% | 91.51% |
| 2020 | 20.2% | -15.8% | 2266.0% | 24.26% |
| 2019 | N/A | -0.4% | 241.3% | N/A |
XLSR - Holdings
Concentration Analysis
| XLSR | Category Low | Category High | XLSR % Rank | |
|---|---|---|---|---|
| Net Assets | 492 M | 2.34 M | 1.55 T | 66.04% |
| Number of Holdings | 11 | 1 | 4053 | 99.21% |
| Net Assets in Top 10 | 472 M | 885 K | 387 B | 47.48% |
| Weighting of Top 10 | 111.97% | 0.3% | 112.0% | 0.08% |
Top 10 Holdings
- Technology Select Sector SPDR Fund 36.22%
- State Street Navigator Securities Lending Government Money Market Portfolio 11.93%
- Financial Select Sector SPDR Fund 11.61%
- Consumer Discretionary Select Sector SPDR Fund 11.60%
- Communication Services Select Sector SPDR Fund 11.53%
- Consumer Staples Select Sector SPDR Fund 11.42%
- Industrial Select Sector SPDR Fund 9.52%
- Energy Select Sector SPDR Fund 4.37%
- Health Care Select Sector SPDR Fund 3.57%
- State Street Institutional US Government Money Market Fund 0.19%
Asset Allocation
| Weighting | Return Low | Return High | XLSR % Rank | |
|---|---|---|---|---|
| Stocks | 99.85% | 0.00% | 124.03% | 7.94% |
| Cash | 12.12% | 0.00% | 99.06% | 1.10% |
| Preferred Stocks | 0.00% | 0.00% | 2.38% | 93.63% |
| Other | 0.00% | -13.91% | 100.00% | 94.34% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 93.53% |
| Bonds | 0.00% | -0.50% | 93.78% | 93.47% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | XLSR % Rank | |
|---|---|---|---|---|
| Technology | 23.51% | 0.00% | 48.94% | 58.88% |
| Financial Services | 16.46% | 0.00% | 55.59% | 20.64% |
| Industrials | 9.46% | 0.00% | 29.90% | 45.28% |
| Consumer Defense | 9.32% | 0.00% | 47.71% | 14.88% |
| Basic Materials | 7.89% | 0.00% | 25.70% | 3.84% |
| Healthcare | 7.88% | 0.00% | 60.70% | 94.48% |
| Utilities | 7.49% | 0.00% | 20.91% | 3.52% |
| Consumer Cyclical | 7.34% | 0.00% | 30.33% | 85.60% |
| Energy | 6.85% | 0.00% | 41.64% | 8.24% |
| Real Estate | 2.27% | 0.00% | 31.91% | 63.76% |
| Communication Services | 1.54% | 0.00% | 27.94% | 96.08% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | XLSR % Rank | |
|---|---|---|---|---|
| US | 99.85% | 0.00% | 124.03% | 6.92% |
| Non US | 0.00% | 0.00% | 62.81% | 94.58% |
XLSR - Expenses
Operational Fees
| XLSR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.70% | 0.01% | 16.07% | 59.65% |
| Management Fee | 0.70% | 0.00% | 1.90% | 83.18% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| XLSR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| XLSR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| XLSR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 263.00% | 0.00% | 496.00% | 99.63% |
XLSR - Distributions
Dividend Yield Analysis
| XLSR | Category Low | Category High | XLSR % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.71% | 0.00% | 26.04% | 65.01% |
Dividend Distribution Analysis
| XLSR | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| XLSR | Category Low | Category High | XLSR % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.89% | -54.00% | 6.06% | 38.04% |
Capital Gain Distribution Analysis
| XLSR | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 22, 2024 | $0.086 | OrdinaryDividend |
| Sep 22, 2023 | $0.242 | OrdinaryDividend |
| Jun 23, 2023 | $0.122 | OrdinaryDividend |
| Mar 24, 2023 | $0.112 | OrdinaryDividend |
| Dec 23, 2022 | $0.150 | OrdinaryDividend |
| Sep 23, 2022 | $0.305 | OrdinaryDividend |
| Jun 24, 2022 | $0.138 | OrdinaryDividend |
| Mar 25, 2022 | $0.105 | OrdinaryDividend |
| Sep 24, 2021 | $0.072 | OrdinaryDividend |
| Jun 25, 2021 | $0.086 | OrdinaryDividend |
| Mar 26, 2021 | $0.076 | OrdinaryDividend |
| Dec 31, 2020 | $0.153 | OrdinaryDividend |
| Sep 25, 2020 | $0.076 | OrdinaryDividend |
| Jun 26, 2020 | $0.151 | OrdinaryDividend |
| Mar 27, 2020 | $0.125 | OrdinaryDividend |
| Dec 30, 2019 | $0.116 | OrdinaryDividend |
| Sep 27, 2019 | $0.092 | OrdinaryDividend |
| Jun 28, 2019 | $0.114 | OrdinaryDividend |
XLSR - Fund Manager Analysis
Managers
Michael Narkiewicz
Start Date
Tenure
Tenure Rank
Apr 02, 2019
3.16
3.2%
Michael Narkiewicz is a Principal of SSGA and SSGA FM and a Portfolio Manager in the Investment Solutions Group (ISG), where he is responsible for implementing customized investment approaches, including strategic and tactical multi-asset class solutions, for institutional clients. Prior to his current role, Mr. Narkiewicz was a portfolio specialist within the Global Product and Marketing Group. In that role, he focused on supporting passive equity products as a subject matter expert and a liaison between the portfolio management team and the client-facing functions at SSGA. His responsibilities included investment research and analysis as well as product positioning and messaging across multiple investment strategies. Before joining SSGA, Mr. Narkiewicz was a senior portfolio analyst at Shepherd Kaplan and an equity trader at Congress Asset Management. He holds a Bachelor of Science degree in Finance from Bentley University and a Master of Business Administration with a concentration in Finance from the D’Amore-McKim School of Business at Northeastern University.
Michael Martel
Start Date
Tenure
Tenure Rank
Apr 02, 2019
3.16
3.2%
Mike is a Managing Director of State Street Global Advisors and the Head of Portfolio Management in the Americas for SSGA's Investment Solutions Group (ISG). In this role, he is responsible for the design and management of multi-asset class strategies geared towards meeting the investment objectives of a broad and diverse client base. His work with clients includes aligning assets with long and short-term investment objectives, tactical asset allocation, and employing overlay strategies to enhance return and better manage risks. Prior to this role, Mike led ISG's Exposure Management Team. He has been working in the investment management field since 1992. Mike holds a Bachelor of Arts degree in Economics from the College of the Holy Cross and Master degrees in both Finance and Business Administration from the Carroll School of Management at Boston College.
Jeremiah Holly
Start Date
Tenure
Tenure Rank
Oct 31, 2020
1.58
1.6%
Jerry is a Vice President at State Street Global Advisors and a Senior Portfolio Manager with the Investment Solutions Group (ISG). In this role, Jerry is responsible for managing a variety of multi-asset class portfolios, including tactical asset allocation strategies and derivatives-based overlay strategies. He is actively involved in the investment research that underpins the team's views across capital markets and also plays a key role in articulating those perspectives and ideas to clients. Before joining the Investment Solutions Group, Jerry was a member of the firm's Consultant Relations department supporting asset allocation and fixed income investment strategies. Prior to joining SSgA in 2005, Jerry worked as a Research Analyst at Chmura Economics & Analytics - an economic research firm in Richmond, Virginia. Jerry graduated from the University of Richmond with a Bachelor of Arts degree in Economics. He earned the Chartered Financial Analyst designation and is a member of both the Boston Security Analysts Society and CFA Institute. Jerry also serves on the Board of Directors for Tutoring Plus of Cambridge, a nonprofit tutoring and mentoring organization based in Cambridge, MA.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.24 | 2.42 |
