Utilities Select Sector SPDR Fund (XLU)
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Definition of 'Utilities Select Sector SPDR Fund (XLU)'
The XLU is the Utilities Select Sector SPDR Fund (an ETF). It trades on the NYSE under the ticker symbol XLU.
In mid-2007, The XLU was about 3.5% of the S&P500 index.
The fund holds investments in the Utilities Index which include the following industries:
In mid-2007, The XLU was about 3.5% of the S&P500 index.
The fund holds investments in the Utilities Index which include the following industries:
- Electric utilities
- Multi-utilities
- Independent power producers & energy traders
- Gas utilities
- Each of the component securities in the Index is a constituent company of the S&P 500 Index.
- Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes.
- The Index is calculated by the New York Stock Exchange’s Index Services Group using a modified “market capitalization” methodology.
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