State Street Industrial Select Sector SPDR ETF
XLI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Iron Street Boston United States of America 2210
- IPO Date
- Dec 22, 1998
- CIK
- 0001064641
- Website
- ssga.com
- Similar Companies
- Business
- The Industrial Select Sector SPDR Fund (XLI) is an exchange-traded fund that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Industrial Select Sector Index. Launched on December 16, 1998, and managed by State Street Global Advisors (SSGA), a division of State Street Corporation headquartered in Boston, Massachusetts, the fund tracks a market capitalization-weighted index of U.S. large-cap industrial stocks drawn from the S&P 500 Index, offering investors targeted exposure to the industrials sector; its portfolio comprises approximately 81-82 holdings across diverse sub-industries including industrial conglomerates, aerospace and defense (e.g., GE Aerospace, RTX Corp), machinery (e.g., Caterpillar Inc., Deere & Co.), air freight and logistics, road and rail, commercial services and supplies, electrical equipment (e.g., Eaton Corp PLC), construction and engineering, building products, airlines, and trading companies and distributors. The top 10 holdings, which account for roughly 38-40% of assets under management (AUM exceeding $23-25 billion as of late 2025), feature leading names such as GE Aerospace (approximately 6.8%), Caterpillar (4.8%), RTX (4.7%), Uber Technologies (4.3%), and others like Boeing, GE Vernova, Honeywell International, and Union Pacific. With a low expense ratio of 0.08%, an annual dividend yield around 1.4% (trailing twelve months dividend of $2.14), and high liquidity, XLI primarily serves institutional and retail investors seeking sector-specific diversification, low-risk exposure to industrials, and medium-risk characteristics (beta of 1.04 and three-year standard deviation of 15.7%). In recent developments, SSGA, the fund's issuer, announced a strategic partnership and investment in smallcase, India's largest model portfolios platform, in May 2025 to support global expansion and enhance access to international investment solutions including ETFs like XLI for emerging markets; additionally, in April 2025, SSGA formed another strategic alliance with Ethic Inc., a tech-focused asset management platform, to deliver scalable, customized, values-driven portfolios to institutional and financial intermediary clients. These partnerships reflect SSGA's focus on wealth technology innovation and broadening ETF accessibility amid strong sector performance, with XLI delivering year-to-date gains of about 20.26% and 12-month returns of 15.79% as of December 2025, driven by robust earnings growth in aerospace, defense, airlines, services, and transportation subsectors. The fund operates primarily in the U.S. market but benefits from SSGA's global reach, with no reported acquisitions, funding rounds, or structural changes specific to XLI itself in the last 1-2 years.