Investment objective & strategy
As of March 30, 2026 · prospectusObjective. The Fund seeks investment results that replicate as closely as possible, before fees and expenses, the performance of the NYSE Equal Sector Weight Index (ticker symbol NYXLEW) (the Underlying Index).
Strategy. The Fund will seek investment results that replicate as closely as possible, before fees and expenses, the performance of the Underlying Index. The Underlying Index is an index of ETFs comprised of all active Select Sector SPDR ETFs in an equal weighted portfolio. These are the Communication Services Select Sector SPDR Fund, Consumer Discretionary Select Sector SPDR Fund, Consumer Staples Select Sector SPDR Fund, Materials Select Sector SPDR Fund, Energy Select Sector SPDR Fund, Technology Select Sector SPDR Fund, Utilities Select Sector SPDR Fund, Financial Select Sector SPDR Fund, Industrial Select Sector SPDR Fund, Health Care Select Sector SPDR Fund and Real Estate Select Sector SPDR Fund (each, an Underlying Sector ETF and collectively, the Underlying Sector ETFs). In order … The Fund will seek investment results that replicate as closely as possible, before fees and expenses, the performance of the Underlying Index. The Underlying Index is an index of ETFs comprised of all active Select Sector SPDR ETFs in an equal weighted portfolio. These are the Communication Services Select Sector SPDR Fund, Consumer Discretionary Select Sector SPDR Fund, Consumer Staples Select Sector SPDR Fund, Materials Select Sector SPDR Fund, Energy Select Sector SPDR Fund, Technology Select Sector SPDR Fund, Utilities Select Sector SPDR Fund, Financial Select Sector SPDR Fund, Industrial Select Sector SPDR Fund, Health Care Select Sector SPDR Fund and Real Estate Select Sector SPDR Fund (each, an Underlying Sector ETF and collectively, the Underlying Sector ETFs). In order to track the Underlying Index, the Fund will use a fund of funds approach, and seek to achieve its investment objective by investing at least 90% of its total assets in the shares of the Underlying Sector ETFs. The Underlying Index is designed to track performance of the equally weighted Underlying Sector ETFs. Accordingly, the Underlying Index is rebalanced to an equal weighting quarterly during the months of March, June, September, and December. Each Underlying Sector ETF is an index fund that invests in the equity securities of companies in a particular sector or group of industries. The objective of each Underlying Sector ETF is to track its respective underlying sector index by replicating the securities in the underlying sector index. Together, the eleven Underlying Sector ETFs represent the Underlying Index as a whole.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| STATE STREET ENERGY SELECT SECTOR SPDR ETF MUTUAL FUND | XLE | $71.42M | 10.71% |
| STATE STREET MATERIALS SELECT SECTOR SPDR ETF MUTUAL FUND | XLB | $66.35M | 9.95% |
| State Street Consumer Staples Select Sector SPDR ETF | XLP | $64.39M | 9.65% |
| State Street Industrial Select Sector SPDR ETF USD Class | XLI | $64.04M | 9.60% |
| UTILITIES SELECT SECTOR SPDR MUTUAL FUND | XLU | $63.11M | 9.46% |
| STATE STREET REAL ESTATE SELECT SECTOR SPDR ETF MUTUAL FUND | XLRE | $61.27M | 9.19% |
| State Street Health Care Select Sector SPDR ETF USD Class | XLV | $58.26M | 8.73% |
| State Street Communication Services Select Sector SPDR ETF | XLC | $57.08M | 8.56% |
| TECHNOLOGY SELECT SECT SPDR MUTUAL FUND | XLK | $54.07M | 8.11% |
| STATE STREET CONSUMER DISCRETIONARY SELECT S SPDR | XLY | $54.03M | 8.10% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| ARMOR Core Risk-Managed ETF · RMRC | 88% | 0.58% |
| THOR Low Volatility ETF · THLV | 67% | 0.64% |
| Dynamic US Opportunity Fund · ICSIX, ICSNX, SROAX | 62% | 1.36% |
Advisers
| Firm | Role |
|---|---|
| ALPS Advisors, Inc. | Adviser |
Footnotes
- Expense ratio as of March 30, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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