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SPDR Health Care Select Sector ETF
Ticker Symbol: XLV CUSIP: 81369Y209 Exchange: NYSEA
Company's Online Profile
FUND DESCRIPTION: The Health Select Sector SPDR ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the the Select Sector SPDR Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The SPDR Health Care Select Sector ETF's goal is to track, as closely as possible before fees and expenses, the performance of the Health Care Select Sector Index. INDEX DESCRIPTION: The Health Care Select Sector Index includes companies from the following industries: pharmaceuticals; health care equipment & supplies; health care providers & services; biotechnology; life sciences tools & services; and health care technology. The Index is one of nine Select Sector Indexes developed and maintained in accordance with the following criteria: (1) each of the component securities in the Index is a constituent company of the S&P 500 Index; (2) each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes; and (3) the Index is calculated by the New York Stock Exchange’s Index Services Group using a modified “market capitalization” methodology. This design ensures that each of the component stocks within a Select Sector Index is represented in a proportion consistent with its percentage with respect to the total market capitalization of such Select Sector Index. As of December 31, 2009, the Index was comprised of 52 stocks. FUND STRATEGY: The Fund, utilizing a "passive" or indexing investment approach, attempts to approximate the investment performance of its benchmark Select Sector Index by investing in a portfolio of stocks that seeks to replicate the relevant Select Sector Index or through the use of quantitative analytical procedures to approximate Select Sector Index performance. The Fund will hold all of the securities which comprise its the Index. There may, however, be instances where a stock in the applicable Select Sector Index is not held or is not held in the same weighting as in the Select Sector Index. In certain instances, the Adviser may choose to overweight another stock in the Select Sector Index, purchase securities not included within the Select Sector Index which the Adviser believes are appropriate to substitute for the Select Sector Index securities or utilize various combinations of other available investment techniques in seeking to track accurately the benchmark Select Sector Index or for the reasons described below. To the extent that a Select Sector SPDR Fund does not invest in every component security of its applicable Select Sector Index in the proportions dictated by the Select Sector Index, it may not track the Select Sector Index with the same degree of accuracy as an investment vehicle which does. The Adviser believes that, over time, the "tracking error" of a Select Sector SPDR Fund relative to the performance of its benchmark Select Sector Index, adjusted for the effect of Fund expenses, will be less than 5%. Over time, the securities holdings of each Select Sector SPDR Fund may be rebalanced to reflect changes in the composition of the relevant Select Sector Index. FUND MANAGEMENT: SSgA Funds Management, Inc. serves as the investment adviser to the Fund and, subject to the supervision of the Board, is responsible for the investment management of the Fund and it's assets.
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IPO - 12/16/1998 -
Link to IPO Prospectus
Previous Name: S&P Select Sector SPDR Fund - Health Care Sector
Large Cap Stock -
Market Value $3.0 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One Lincoln Street, Boston, MA 02111 |
| Main Phone Number |
866-787-2257 |
| Fax Number |
Not Available |
| Investor Contact
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866-787-2257
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| Toll Free Phone Number |
866-787-2257 |
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