XNTK | SPDR NYSE Technology ETF

XNTK ISSUER

State Street Global Advisors-advised funds, in their endeavor to mirror the performance of the NYSE Technology Index, implement a sampling strategy, allowing flexibility in selecting securities rather than mandatory replication of the entire Index. SSGA Funds Management, Inc., the Fund's investment adviser, assesses various factors including the Fund's asset size to determine whether to invest in a subset of Index securities or replicate the Index's composition. Typically, the Fund invests at least 80% of its assets in Index securities under normal market conditions, with the remainder allocated to equity securities outside the Index, cash equivalents, or money market instruments. The Fund may focus on specific industries as dictated by the Index's concentration, utilizing futures contracts for performance alignment and cash flow management. The Index, consisting of 35 leading U.S.-listed technology-related companies, is structured by ICE Data Indices, LLC, specifying eligibility criteria and rebalancing mechanisms, with 75% of its constituents headquartered in the United States. This approach allows the Fund to track the Index's movements while maintaining flexibility and optimizing risk-return dynamics in pursuit of its objectives.

XNTK DIVIDEND

XNTK, the dividend for which is issued by the State Street Global Advisors-advised funds, reflects the performance of the NYSE Technology Index through a nuanced investment approach. Employing a sampling strategy, the fund strategically selects securities from the Index, aiming to mirror its risk and return characteristics without necessitating full replication. With at least 80% of its total assets typically invested in Index securities under normal market conditions, XNTK may also allocate assets to equity securities beyond the Index, cash equivalents, or money market instruments. Additionally, futures contracts may be utilized for performance alignment and cash flow management. Governed by ICE Data Indices, LLC, the Index defines eligibility criteria and rebalancing protocols, with an emphasis on U.S.-based technology companies. This dividend strategy underscores XNTK's commitment to delivering returns reflective of the dynamic technology sector while maintaining prudent risk management practices.

XNTK TRACKING

XNTK, guided by State Street Global Advisors-advised funds, employs a meticulous tracking strategy to mirror the performance of the NYSE Technology Index. Utilizing a sampling technique, the fund selects a subset of securities from the Index, aiming to replicate its risk and return profile. Typically, XNTK invests substantially all of its assets, at least 80%, in securities comprising the Index under normal market conditions. However, the fund also has the flexibility to invest in equity securities outside of the Index, cash equivalents, or money market instruments as part of its tracking approach. To manage cash flows and align performance, XNTK may utilize futures contracts, ensuring efficient tracking of the Index's movements. Governed by ICE Data Indices, LLC, the Index sets stringent eligibility criteria and rebalancing procedures, ensuring representation of leading U.S.-listed technology companies. Through this meticulous tracking strategy, XNTK endeavors to deliver returns that closely mirror those of the dynamic technology sector while effectively managing risk.

XNTK CORRELATION

XNTK, overseen by State Street Global Advisors-advised funds, emphasizes correlation with the NYSE Technology Index through a systematic investment strategy. Employing a sampling approach, the fund strategically selects securities from the Index to replicate its risk and return characteristics. Typically, XNTK invests a significant portion, at least 80%, of its assets in securities comprising the Index, maintaining alignment with the index's performance. Additionally, the fund has the flexibility to invest in equity securities beyond the Index, cash equivalents, or money market instruments. This approach allows XNTK to effectively manage correlation with the index while optimizing portfolio diversification and risk-adjusted returns. By closely adhering to the composition and movements of the NYSE Technology Index, XNTK aims to achieve a high degree of correlation with the broader technology sector, enhancing its ability to deliver consistent and competitive returns to investors.

XNTK SECTOR

XNTK, managed by State Street Global Advisors-advised funds, emphasizes sector exposure through its tracking of the NYSE Technology Index. Leveraging a strategic sampling strategy, the fund selects securities from the Index to mirror its sectoral composition, focusing predominantly on leading U.S.-listed technology companies. With a typical investment of at least 80% of its assets in Index securities under normal market conditions, XNTK ensures significant exposure to the technology sector. Additionally, the fund may allocate assets to equity securities outside the Index, cash equivalents, or money market instruments to further enhance sectoral diversification. By aligning its portfolio with the technology sector's performance, XNTK aims to capture the growth potential and innovation inherent in this dynamic industry, providing investors with an opportunity to participate in the advancements shaping the modern economy.

XNTK EXPOSURE

XNTK, managed by State Street Global Advisors-advised funds, offers exposure to the dynamic landscape of the technology sector through its tracking of the NYSE Technology Index. By employing a strategic sampling strategy, the fund selects securities from the Index to replicate its risk and return characteristics. Typically, XNTK invests a substantial portion of its assets, at least 80%, in securities comprising the Index, ensuring significant exposure to leading U.S.-listed technology companies. Furthermore, the fund may diversify its exposure by investing in equity securities outside the Index, cash equivalents, or money market instruments. This approach enables XNTK to provide investors with broad exposure to the technology sector's growth potential and innovation, capturing opportunities across various segments of the industry while effectively managing risk. Through its meticulous investment strategy, XNTK aims to deliver consistent returns reflective of the sector's performance, making it an attractive option for investors seeking exposure to the technology sector.