Fund Summaries | |
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1 |
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9 |
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17 |
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25 |
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33 |
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41 |
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49 |
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57 |
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65 |
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74 |
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82 |
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91 |
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93 |
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107 |
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113 |
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114 |
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116 |
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116 |
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117 |
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117 |
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123 |
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123 |
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Back Cover |
Management fees
|
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Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Since
Inception | ||
Return Before Taxes
|
|||
Return After Taxes on Distributions
|
|||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||
Communication Services Select Sector Index
(reflects no deduction for fees, expenses or taxes)
|
|||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Consumer Discretionary Select Sector Index
(reflects no deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Consumer Staples Select Sector Index (reflects no
deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
- |
||||
Return After Taxes on Distributions
|
- |
||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
- |
||||
Energy Select Sector Index (reflects no deduction
for fees, expenses or taxes)
|
- |
||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Financial Select Sector Index (reflects no
deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Health Care Select Sector Index (reflects no
deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Industrial Select Sector Index (reflects no
deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Materials Select Sector Index (reflects no
deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Since
Inception | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Real Estate Select Sector Index (reflects no
deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Technology Select Sector Index (reflects no
deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Management fees
|
|
Distribution and service (12b-1) fees1
|
|
Other expenses
|
|
Total annual Fund operating expenses1
|
1 |
Year 1 | Year 3 | Year 5 | Year 10 |
$ |
$ |
$ |
$ |
One Year |
Five Years |
Ten Years | |||
Return Before Taxes
|
|||||
Return After Taxes on Distributions
|
|||||
Return After Taxes on Distributions and Sale of
Fund Shares
|
|||||
Utilities Select Sector Index (reflects no
deduction for fees, expenses or taxes)
|
|||||
S&P 500 Index (reflects no deduction for
fees, expenses or taxes)
|
Fund Name | XLC | XLY | XLP | XLE | XLF | XLV | XLI | XLB | XLRE | XLK | XLU |
Communication Services Sector Risk | x | ||||||||||
Consumer Discretionary Sector Risk | x | ||||||||||
Consumer Staples Sector Risk | x | ||||||||||
Energy Sector Risk | x | ||||||||||
Equity Investing Risk | x | x | x | x | x | x | x | x | x | x | x |
Financial Sector Risk | x | ||||||||||
Fluctuation of Net Asset Value, Share Premiums and Discounts Risk | x | x | x | x | x | x | x | x | x | x | x |
Health Care Sector Risk | x | ||||||||||
Indexing Strategy/Index Tracking Risk | x | x | x | x | x | x | x | x | x | x | x |
Industrial Sector Risk | x | ||||||||||
Large-Capitalization Securities Risk | x | x | x | x | x | x | x | x | x | x | x |
Market Risk | x | x | x | x | x | x | x | x | x | x | x |
Materials Sector Risk | x | ||||||||||
Non-Diversification Risk | x | x | x | x | x | x | x | x | x | x | x |
Real Estate Sector Risk | x | ||||||||||
REIT Risk | x | ||||||||||
Technology Sector Risk | x | ||||||||||
Utilities Sector Risk | x |
Portfolio Managers | Fund |
Michael Feehily, Karl Schneider and Amy
Cheng
|
The Real Estate Select Sector SPDR Fund |
Michael Feehily, Karl Schneider and David
Chin
|
The Technology Select Sector SPDR Fund |
Michael Feehily, Karl Schneider and Dwayne
Hancock
|
The Consumer Staples Select Sector SPDR Fund, The Health Care Select Sector SPDR Fund, The Utilities Select Sector SPDR Fund |
Michael Feehily, Karl Schneider and Ted
Janowsky
|
The Energy Select Sector SPDR Fund, The Materials Select Sector SPDR Fund |
Michael Feehily, Karl Schneider and Melissa
Kapitulik
|
The Financial Select Sector SPDR Fund |
Michael Feehily, Karl Schneider and Kala
O'Donnell
|
The Communication Services Select Sector SPDR Fund, The Consumer Discretionary Select Sector SPDR Fund |
Michael Feehily, Karl Schneider and Emiliano
Rabinovich
|
The Industrial Select Sector SPDR Fund |
The Communication Services Select Sector SPDR Fund | |||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
For
the Period 06/19/18* - 9/30/18(a) | ||||
Net asset value, beginning of period
|
$59.40 | $49.50 | $48.98 | $50.00 | |||
Income (loss) from investment operations: | |||||||
Net investment income (loss) (b)
|
0.54 | 0.47 | 0.44 | 0.09 | |||
Net realized and unrealized gain (loss) (c)
|
20.73 | 9.88 | 0.51 | (1.17) | |||
Total from investment operations
|
21.27 | 10.35 | 0.95 | (1.08) | |||
Net equalization credits and charges (b)
|
(0.00)(d) | 0.02 | 0.02 | 0.19 | |||
Distributions to shareholders from: | |||||||
Net investment income
|
(0.52) | (0.47) | (0.45) | (0.05) | |||
Return of Capital
|
— | — | — | (0.08) | |||
Total distributions
|
(0.52) | (0.47) | (0.45) | (0.13) | |||
Net asset value, end of period
|
$80.15 | $59.40 | $49.50 | $48.98 | |||
Total return (e)
|
35.88% | 21.05% | 2.07% | (1.78)% | |||
Ratios and Supplemental Data: | |||||||
Net assets, end of period (in 000s)
|
$15,176,057 | $10,106,071 | $6,039,403 | $2,035,011 | |||
Ratios to average net assets: | |||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.15%(f) | |||
Net expenses
|
0.11% | 0.13% | 0.13% | 0.13%(f) | |||
Net investment income (loss)
|
0.73% | 0.86% | 0.93% | 0.62%(f) | |||
Portfolio turnover rate (g)
|
15% | 15% | 16% | 7%(h) |
* | Commencement of operations. |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | The ratios for periods less than one year are annualized. |
(g) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
(h) | Periods less than one year are not annualized. |
The Consumer Discretionary Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$146.99 | $120.69 | $117.19 | $90.09 | $80.03 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
1.09 | 1.46 | 1.58 | 1.49 | 1.32 | ||||
Net realized and unrealized gain (loss) (c)
|
32.54 | 26.34 | 3.51 | 26.81 | 10.07 | ||||
Total from investment operations
|
33.63 | 27.80 | 5.09 | 28.30 | 11.39 | ||||
Net equalization credits and charges (b)
|
0.01 | (0.06) | (0.02) | 0.09 | 0.02 | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(1.09) | (1.44) | (1.57) | (1.29) | (1.35) | ||||
Net asset value, end of period
|
$179.54 | $146.99 | $120.69 | $117.19 | $90.09 | ||||
Total return (d)
|
22.93% | 23.25% | 4.45% | 31.63% | 14.34% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$19,633,737 | $15,809,198 | $13,928,314 | $16,218,942 | $11,518,585 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
0.65% | 1.17% | 1.40% | 1.43% | 1.54% | ||||
Portfolio turnover rate (e)
|
23% | 11% | 6% | 23% | 6% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Consumer Staples Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$64.13 | $61.41 | $53.92 | $53.99 | $53.21 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
1.85 | 1.66 | 1.60 | 1.52 | 1.48 | ||||
Net realized and unrealized gain (loss) (c)
|
4.67 | 2.70 | 7.41 | (0.17) | 0.72 | ||||
Total from investment operations
|
6.52 | 4.36 | 9.01 | 1.35 | 2.20 | ||||
Net equalization credits and charges (b)
|
(0.01) | 0.00(d) | 0.05 | 0.08 | 0.04 | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(1.81) | (1.64) | (1.57) | (1.50) | (1.46) | ||||
Net asset value, end of period
|
$68.83 | $64.13 | $61.41 | $53.92 | $53.99 | ||||
Total return (e)
|
10.19% | 7.32% | 17.14% | 2.70% | 4.21% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$11,757,576 | $13,687,240 | $14,015,004 | $9,256,716 | $8,808,903 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
2.71% | 2.73% | 2.84% | 2.84% | 2.73% | ||||
Portfolio turnover rate (f)
|
4% | 5% | 10% | 12% | 12% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Energy Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$29.97 | $59.18 | $75.75 | $68.46 | $70.62 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
2.11 | 2.19 | 4.01 | 1.95 | 2.16(c) | ||||
Net realized and unrealized gain (loss) (d)
|
22.11 | (27.49) | (18.36) | 7.32 | (2.18) | ||||
Total from investment operations
|
24.22 | (25.30) | (14.35) | 9.27 | (0.02) | ||||
Net equalization credits and charges (b)
|
0.09 | 0.08 | (0.04) | (0.02) | 0.00(e) | ||||
Voluntary Contribution from Affiliate
|
— | 0.00(e)(f) | — | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(2.16) | (3.99) | (2.18) | (1.96) | (2.14) | ||||
Net asset value, end of period
|
$52.12 | $29.97 | $59.18 | $75.75 | $68.46 | ||||
Total return (g)
|
81.93% | (44.68)%(h) | (19.08)% | 13.64% | (0.01)% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$25,084,339 | $8,430,789 | $10,014,781 | $18,435,159 | $16,617,835 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
4.54% | 5.08% | 6.25% | 2.71% | 3.12% | ||||
Portfolio turnover rate (i)
|
14% | 13% | 10% | 8% | 23% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Net investment income per share and ratio of net investment income to average net assets reflect receipt of special dividend from portfolio holding. The resulting increase to net investment income amounted to $0.44 per share and 0.64% of average net assets. If the special dividends were not received during the year ended September 30, 2017, the total return would have been (0.63)%. |
(d) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(e) | Amount is less than $0.005 per share. |
(f) | Contribution paid by an Affiliate in the amount of $290,417. |
(g) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(h) | The contribution from an Affiliate had no impact on total return. |
(i) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Financial Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$24.06 | $28.02 | $27.58 | $25.84 | $19.31 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
0.61 | 0.60 | 0.57 | 0.48 | 0.39 | ||||
Net realized and unrealized gain (loss) (c)
|
13.44 | (3.94) | 0.46 | 1.73 | 6.50 | ||||
Total from investment operations
|
14.05 | (3.34) | 1.03 | 2.21 | 6.89 | ||||
Net equalization credits and charges (b)
|
0.02 | (0.02) | (0.03) | 0.01 | 0.03 | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(0.60) | (0.60) | (0.56) | (0.48) | (0.39) | ||||
Net asset value, end of period
|
$37.53 | $24.06 | $28.02 | $27.58 | $25.84 | ||||
Total return (d)
|
58.79% | (11.98)% | 3.81% | 8.58% | 36.01%(e) | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$40,412,690 | $16,646,404 | $22,552,204 | $31,053,806 | $27,418,852 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
1.80% | 2.30% | 2.13% | 1.72% | 1.65% | ||||
Portfolio turnover rate (f)
|
3% | 4% | 4% | 3% | 3% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Includes a non-recurring litigation payment received by the Fund from State Street Corp., an affiliate, which amounted to less than $0.005 per share outstanding as of March 20, 2017. This payment resulted in an increase to total return of less than 0.005% for the period ended September 30, 2017. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Health Care Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$105.56 | $90.13 | $95.11 | $81.76 | $72.09 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
1.85 | 1.66 | 2.29 | 1.31 | 1.20 | ||||
Net realized and unrealized gain (loss) (c)
|
21.65 | 16.08 | (5.75) | 13.34 | 9.64 | ||||
Total from investment operations
|
23.50 | 17.74 | (3.46) | 14.65 | 10.84 | ||||
Net equalization credits and charges (b)
|
0.01 | (0.00)(d) | (0.02) | 0.01 | 0.02 | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(1.81) | (2.31) | (1.50) | (1.31) | (1.19) | ||||
Net asset value, end of period
|
$127.26 | $105.56 | $90.13 | $95.11 | $81.76 | ||||
Total return (e)
|
22.37% | 19.90% | (3.65)% | 18.10% | 15.21% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$30,358,856 | $23,873,455 | $16,818,717 | $19,632,378 | $17,711,627 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
1.54% | 1.67% | 2.53% | 1.54% | 1.60% | ||||
Portfolio turnover rate (f)
|
4% | 3% | 2% | 5% | 4% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Industrial Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$76.98 | $77.66 | $78.37 | $70.99 | $58.39 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
1.27 | 1.39 | 1.52 | 1.30 | 1.35 | ||||
Net realized and unrealized gain (loss) (c)
|
20.81 | (0.68) | (0.63) | 7.49 | 12.58 | ||||
Total from investment operations
|
22.08 | 0.71 | 0.89 | 8.79 | 13.93 | ||||
Net equalization credits and charges (b)
|
0.01 | 0.02 | (0.03) | (0.02) | (0.01) | ||||
Voluntary contribution from Affiliate
|
— | — | 0.00(d)(e) | — | — | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(1.30) | (1.41) | (1.57) | (1.39) | (1.32) | ||||
Net asset value, end of period
|
$97.77 | $76.98 | $77.66 | $78.37 | $70.99 | ||||
Total return (f)
|
28.74% | 1.12% | 1.25%(g) | 12.43% | 24.03% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$17,367,182 | $12,179,734 | $9,802,368 | $12,925,332 | $11,055,679 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
1.33% | 1.87% | 2.07% | 1.74% | 2.07% | ||||
Portfolio turnover rate (h)
|
2% | 3% | 3% | 6% | 5% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Contribution paid by an Affiliate in the amount of $60,421. |
(f) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(g) | The contribution from an Affiliate had no impact on total return. |
(h) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Materials Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$63.62 | $58.17 | $57.92 | $56.80 | $47.75 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
1.45 | 1.23 | 1.20 | 1.09 | 1.01 | ||||
Net realized and unrealized gain (loss) (c)
|
15.43 | 5.47 | 0.28 | 1.09 | 9.06 | ||||
Total from investment operations
|
16.88 | 6.70 | 1.48 | 2.18 | 10.07 | ||||
Net equalization credits and charges (b)
|
(0.00)(d) | (0.03) | (0.03) | 0.02 | 0.03 | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(1.39) | (1.22) | (1.20) | (1.08) | (1.05) | ||||
Net asset value, end of period
|
$79.11 | $63.62 | $58.17 | $57.92 | $56.80 | ||||
Total return (e)
|
26.60% | 11.76% | 2.64% | 3.84% | 21.33% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$7,501,906 | $3,917,044 | $4,201,473 | $4,547,766 | $4,051,402 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
1.83% | 2.15% | 2.18% | 1.84% | 1.95% | ||||
Portfolio turnover rate (f)
|
5% | 4% | 20% | 17% | 10% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Real Estate Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$35.30 | $39.35 | $32.62 | $32.26 | $32.74 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
0.85 | 0.88 | 0.95 | 0.95 | 0.75 | ||||
Net realized and unrealized gain (loss) (c)
|
9.66 | (3.78) | 6.91 | 0.58 | 0.11 | ||||
Total from investment operations
|
10.51 | (2.90) | 7.86 | 1.53 | 0.86 | ||||
Net equalization credits and charges (b)
|
0.05 | (0.05) | 0.01 | 0.00(d) | (0.08) | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(1.39) | (1.10) | (1.14) | (1.17) | (1.26) | ||||
Net asset value, end of period
|
$44.47 | $35.30 | $39.35 | $32.62 | $32.26 | ||||
Total return (e)
|
30.42% | (7.46)% | 24.64% | 4.87% | 2.52% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$4,282,141 | $2,264,406 | $3,884,273 | $2,732,078 | $2,354,818 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
2.05% | 2.42% | 2.69% | 2.94% | 2.38% | ||||
Portfolio turnover rate (f)
|
4% | 5% | 3% | 7% | 16% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Technology Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$116.76 | $80.51 | $75.30 | $59.13 | $47.78 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
1.11 | 1.20 | 1.05 | 0.93 | 0.85 | ||||
Net realized and unrealized gain (loss) (c)
|
32.60 | 36.24 | 5.18 | 16.17 | 11.35 | ||||
Total from investment operations
|
33.71 | 37.44 | 6.23 | 17.10 | 12.20 | ||||
Net equalization credits and charges (b)
|
(0.02) | (0.00)(d) | 0.01 | 0.04 | (0.00)(d) | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(1.10) | (1.19) | (1.03) | (0.97) | (0.85) | ||||
Net asset value, end of period
|
$149.35 | $116.76 | $80.51 | $75.30 | $59.13 | ||||
Total return (e)
|
28.93% | 46.88% | 8.44% | 29.14% | 25.72% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$43,022,516 | $34,095,026 | $22,417,160 | $22,959,484 | $17,832,444 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
0.81% | 1.24% | 1.44% | 1.37% | 1.62% | ||||
Portfolio turnover rate (f)
|
4% | 3% | 6% | 19% | 4% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Amount is less than $0.005 per share. |
(e) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(f) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |
The Utilities Select Sector SPDR Fund | |||||||||
Year Ended 9/30/21 |
Year Ended 9/30/20 |
Year Ended 9/30/19(a) |
Year Ended 9/30/18(a) |
Year Ended 9/30/17(a) | |||||
Net asset value, beginning of period
|
$59.40 | $64.73 | $52.68 | $53.05 | $49.00 | ||||
Income (loss) from investment operations: | |||||||||
Net investment income (loss) (b)
|
1.86 | 2.00 | 1.90 | 1.76 | 1.69 | ||||
Net realized and unrealized gain (loss) (c)
|
4.61 | (5.36) | 12.01 | (0.28) | 4.07 | ||||
Total from investment operations
|
6.47 | (3.36) | 13.91 | 1.48 | 5.76 | ||||
Net equalization credits and charges (b)
|
(0.01) | (0.02) | 0.01 | (0.04) | (0.01) | ||||
Distributions to shareholders from: | |||||||||
Net investment income
|
(1.98) | (1.95) | (1.87) | (1.81) | (1.70) | ||||
Net asset value, end of period
|
$63.88 | $59.40 | $64.73 | $52.68 | $53.05 | ||||
Total return (d)
|
10.95% | (5.12)% | 26.85% | 2.89% | 11.88% | ||||
Ratios and Supplemental Data: | |||||||||
Net assets, end of period (in 000s)
|
$11,956,669 | $11,405,751 | $11,296,483 | $7,642,260 | $7,775,414 | ||||
Ratios to average net assets: | |||||||||
Total expenses
|
0.11% | 0.13% | 0.13% | 0.13% | 0.14% | ||||
Net investment income (loss)
|
2.89% | 3.29% | 3.30% | 3.37% | 3.32% | ||||
Portfolio turnover rate (e)
|
3% | 3% | 5% | 5% | 2% |
(a) | Beginning with the year ended September 30, 2020, the Fund was audited by Ernst & Young LLP. The previous years were audited by another independent registered public accounting firm. |
(b) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the year. |
(c) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. |
(d) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each distribution. Total returns for periods of less than one year are not annualized. Broker commission charges are not included in this calculation. |
(e) | Portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions on Select Sector SPDR shares. |