State Street Consumer Staples Select Sector SPDR ETF
XLP
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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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 Consumer Staples Select Sector SPDR Fund (XLP) is an exchange-traded fund that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Consumer Staples Select Sector Index, a market-cap-weighted benchmark comprising consumer staples companies from the S&P 500 Index. The fund invests in equities across consumer staples subsectors, including food and drug retailing; beverages; food products; tobacco; household products; and personal care products, with top holdings typically featuring large-cap leaders such as Procter & Gamble Co., Costco Wholesale Corp., Walmart Inc., Coca-Cola Co., and PepsiCo Inc., among approximately 37 to 40 securities. It offers quarterly dividend distributions supported by the stable cash flows of its underlying holdings, with a net expense ratio of 0.08%, assets under management exceeding $14.9 billion, and shares outstanding around 190 million. Launched on December 16, 1998, and managed by State Street Global Advisors (SSGA), a division of State Street Corporation founded in 1978 and headquartered in Boston, Massachusetts, XLP provides targeted exposure to the defensive consumer staples sector for institutional and retail investors seeking low-volatility equity allocation. The fund operates primarily in the U.S. market, tracking domestic large-cap companies with global reach in essential goods production and distribution. In recent developments, XLP maintained its position as a liquid, low-cost sector ETF amid 2025 market volatility, with quarterly dividends continuing uninterrupted—the most recent ex-dividend date being September 22, 2025—and no reported structural changes such as mergers, rebrandings, or index reconstitutions within the last 1-2 years. SSGA, as issuer, has sustained focus on ETF innovation without specific partnerships or launches tied directly to XLP, while the fund benefited from sector resilience in consumer staples amid broader economic shifts. Institutional ownership adjustments occurred throughout 2025, reflecting ongoing portfolio reallocations by managers like Qube Research & Technologies Ltd. and others, but without material impact on fund operations.