XLRE

Real Estate Select Sector SPDR

Select Sector SPDR® holding S&P 500 stocks in the Real Estate sector. Component industries Real Estate Investment Trusts, excluding Mortgage REITS. The fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the benchmark index. For product information and a prospectus visit www.sectorspdr.com.


5.3%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 39th

UNDERWEIGHT

Recommendation
 
Fund Basics
Fund sponsorState Street Global Advisors
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateOct 08, 2015
Assets (mns)$3,090
Expense ratio13 bp
CurrencyUSD
Constituent Breakdown
No. of constituents33
Herfindahl-Hirschman Index 500
Wgt avg mkt cap (mns)$35,670
Large cap (>$10bn)93.9%
Mid cap ($2-10bn)6.1%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingMarket Cap
Smart-betaNo
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
AMERICAN TOWER CORP-CL A 12.3 %
CROWN CASTLE INTL CORP 7.3 %
PROLOGIS INC 6.6 %
SIMON PROPERTY GROUP INC 6.6 %
EQUINIX INC 5.6 %
PUBLIC STORAGE 4.8 %
WELLTOWER, INC. 4.2 %
EQUITY RESIDENTIAL 3.8 %
AVALONBAY COMMUNITIES INC 3.8 %
SBA COMMUNICATIONS CORP. CLASS A 3.4 %
Sector Breakdown
Country Exposure
UNITED STATES 99.7 %
Historical Performance


Standardized Annual Returns (as of 05/31/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
18.3% 19.8% 10.7% 8.3% 0.0% 0.0% 8.5%
Market Correlations
versus...BetaR-squared
S&P 5000.5727%
MSCI EAFE0.3911%
MSCI Emg Mkts0.3211%
Liquidity Measures
Avg. volume (000)3,451
Turnover4.3%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$4,436
Technical Indicators
Recent close$38.13
30d moving avg.$36.64
Annualized volatility12.8%
Relative strength (RSI)63
Short interest (ETF)2.8%
Short interest (underlying)2.7%
Distributions
Total Cost of Ownership Detail
  XLRE Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. XLRE
Expenses
vs. XLRE
ALTAR Score™
vs. XLRE
EWRE Invesco S&P 500 Equal Weight Real Estate 73.6% +27 bp +0.1%
ICF iShares Cohen & Steers Realty Majors 73.3% +21 bp 0.0%
PSR Invesco Active US Real Estate 66.2% +22 bp +0.1%
IYR iShares U.S. Real Estate 64.4% +30 bp +0.7%
FREL Fidelity MSCI Real Estate 63.2% -5 bp +0.8%
SCHH Schwab US REIT 62.6% -6 bp +1.1%
RWR SPDR Dow Jones REIT ETF 62.6% +12 bp +1.0%
USRT iShares Core. U.S. REIT 58.0% -5 bp +1.3%
BBRE JPMorgan BetaBuilders MSCI U.S. REIT 57.9% -2 bp +1.1%
FRI First Trust S&P REIT 56.3% +37 bp +0.9%
VNQ Vanguard REIT ETF 55.2% -1 bp +0.8%
GRI Cohen & Steers Global Realty 50.0% +42 bp +0.3%
PPTY PPTY-U.S. Diversified Real Estate 39.8% +40 bp -0.1%
RWO SPDR DJ Global Real Estate 38.8% +37 bp +0.5%
REET iShares Global REIT 37.4% +1 bp +0.9%
SRVR Pacer Benchmark Data & Infrastructure Real Estate 33.1% +47 bp 0.0%
REZ iShares Residential Real Estate Capped 30.9% +35 bp -0.1%
FFR First Trust FTSE EPRA/NAREIT Global Real Estate 30.8% +47 bp +0.6%
GQRE FlexShares Global Quality Real Estate 28.0% +32 bp +0.9%
PRME First Trust Heitman Global Prime Real Estate 27.9% +82 bp -0.6%

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Results & Estimates
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

XLRE

5.3%

Cat. Avg

5.9%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.3%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 681 funds in the US Equities category, with an average ALTAR Score™ of 5.9% and a standard deviation of 2.3%. XLRE's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places XLRE in the 39th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
XLRE
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Today's Trading

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Where to Trade XLRE
Commission
on XLRE1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$1.00 54
$4.95 500
$4.95 357
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.