Industrial Select Sector SPDR Fund (XLI) is an exchange-traded fund designed to track the performance of the U.S. industrial sector through companies included in the Industrial Select Sector Index. The ETF is managed by State Street Global Advisors (SPDR) and trades under the ticker XLI on NYSE Arca.

Classified as a sector equity ETF, XLI seeks to reflect, before fees and expenses, the aggregated performance of industrial companies included in its benchmark index. The fund follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of the benchmark.

The Industrial Select Sector Index represents the industrial sector portion of the S&P 500 and includes large-cap U.S. companies associated with transportation, defense, engineering, logistics, infrastructure, and industrial equipment.

Diversification and sector exposure

XLI provides exposure to the U.S. industrial sector through companies distributed across segments including:

• Aerospace and defense.

• Construction and engineering.

• Industrial equipment.

• Air, rail, and road transportation.

• Commercial and professional services.

• Machinery and industrial components.

This composition reflects multiple areas of the U.S. industrial sector and companies with significant global operations.

Structure and costs

XLI shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. XLI may distribute income derived from dividends paid by companies held in the portfolio.

History and evolution of the ETF

The Industrial Select Sector SPDR Fund was launched in 1998, during a period of expansion in sector-focused ETFs tied to the U.S. equity market.

Since inception, the fund has reflected movements associated with the U.S. industrial sector, including economic activity, infrastructure investment, global logistics, and corporate cycles.

In recent years, XLI has reflected fluctuations related to global supply chains, U.S. infrastructure investment, aerospace and defense spending, and changes in industrial cycles and Federal Reserve monetary policy.

Additional Information

Industrial Select Sector SPDR Fund (United States) is an exchange-traded fund (ETF), with assets under management totaling $31.89 billion.

Over the past 12 months, Industrial Select Sector SPDR Fund recorded a return of 17.35%, with its price trading between $147.83 and $186.51 during the same period.

The ETF is traded under the ticker XLI.