--News Direct--
In a world increasingly driven by digital communication and information delivery, the Communication Services Select Sector SPDR Fund (XLC) is maintaining its focus on the communication services sector. This Exchange-Traded Fund (ETF) is tailored for those interested in engaging with the digital economy, providing exposure to companies leading in telecommunications, media, and entertainment within the S&P 500 index.
Portfolio Highlights
XLC's portfolio, with an expense ratio of 0.09%* showcases a diversified selection of companies that are central to the current digital transformation. Key holdings** include:
Meta Platforms (Facebook): 22.53%
Alphabet (Google) Class A: 12.62%
Alphabet (Google) Class C: 10.57%
AT&T: 4.78%
Comcast: 4.61%
These entities, along with others such as Verizon (4.58%), Electronic Arts (4.52%), Netflix (4.44%), T-Mobile US Inc. (4.41%), and Walt Disney (4.38%), represent a cross-section of the sector. The mix of technology firms, telecommunication leaders, and media companies offers a reflection of the communication services sector's landscape.
Observing the Digital Shift
The strength of the digital economy is underscored by the robust use of digital services across various aspects of business and personal life. Trends such as high volume internet traffic, the popularity of streaming services, advancements in mobile technology, and the introduction of new communication products illustrate the sector's dynamic nature.
In response to these trends, the Communication Services Select Sector SPDR Fund (XLC) focuses on aligning its portfolio with the evolving demands and opportunities within the digital and communication services domain. It aims to provide a means for investors to engage with this sector with components of the S&P 500 Index.
As the digital economy continues to evolve, XLC is positioned to observe and adjust to the evolution of the digital world, bolstering its commitment and emphasis on staying relevant within the fast-paced landscape of communication services.
DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication.
About the Company:
Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals.
*Ordinary brokerage fees apply
**Holdings, Weightings & Assets as of 6/30/24 subject to change
DISCLOSURES
The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing.
One may not invest directly in an index.
Transparent ETFs provide daily disclosure of portfolio holdings and weightings
All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
Media Contact:
Company: Select Sector SPDRs
Contact: Dan Dolan*
Address: 1290 Broadway, Suite 1000, Denver, CO 80203
Country: United States
Email: dan.dolan@sectorspdrs.com
Website: https://www.sectorspdrs.com/
*Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust.
SEL007623 EXP 9/30/24
Contact Details
Dan Dolan
+1 203-935-8103
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/communication-services-select-sector-spdr-fund-xlc-adapts-to-the-evolving-digital-economy-974942546
