Financial Select Sector SPDR Fund (XLF)

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Definition of 'Financial Select Sector SPDR Fund (XLF)'

The XLF is the Financial Select Sector SPDR (an ETF). It trades on the NYSE under the ticker symbol XLF.

In mid-2007, The XLF was about 20% of the S&P500 index.

The Index includes companies from the following industries:
  • Diversified financial services
  • Insurance
  • Commercial banks
  • Capital markets
  • Real estate investment trusts (“REITs”)
  • Consumer finance
  • Thrifts & mortgage finance
  • Real estate management & development
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.
  3. The Index is calculated by the New York Stock Exchange’s Index Services Group using a modified “market capitalization” methodology.
As of December 31, 2009, the Index was comprised of 78 stocks.

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