XLFI
The Financial Select Sector SPDR Premium Income Fund
📎 Investment Objective
The Financial Select Sector SPDR Premium Income Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Financial Select Sector Index.
Overview
ETF tracking The Financial Select Sector SPDR Premium Income Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Financial Select Sector SPDR Premium Income Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Financial Select Sector Index.
🎯 Investment Strategy
The fund generally invests substantially all of its assets in the securities represented in the Financial Select Sector Index in approximately the same proportions as the index. The index includes companies from the following industries: diversified financial services, insurance, banks, capital markets, mortgage real estate investment trusts (REITs), consumer finance, and thrifts and mortgage finance.
✨ Key Features
- Provides exposure to the financials sector of the S&P 500 Index
- Seeks to track the performance of the Financial Select Sector Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund is focused on the financials sector
- Market risk as the fund's performance is tied to the overall stock market
- Lack of diversification outside the financials sector
- Limited performance history makes it difficult to evaluate long-term returns
👤 Best For
This ETF may be suitable for investors seeking broad exposure to the financials sector as part of a diversified portfolio. However, due to the fund's limited history, it may be more appropriate for experienced investors who can tolerate the higher volatility and risks associated with a sector-specific fund.