XLI

Investors can purchase shares of XLI through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "XLI."

XLI includes companies that are part of the industrial sector of the S&P 500. This sector comprises firms involved in manufacturing, infrastructure, transportation, aerospace, and defense. Major holdings often include companies such as General Electric, Honeywell, and Boeing.

XLI is managed by State Street Global Advisors. The fund seeks to replicate the performance of the Industrial Select Sector Index by holding the same stocks in similar proportions as the index. The management involves periodic rebalancing to ensure that the ETF accurately reflects the index.

Key performance metrics for XLI include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely XLI follows the Industrial Select Sector Index.

Similar ETFs to XLI include the iShares U.S. Industrials ETF (IYJ) and the Vanguard Industrials ETF (VIS). These ETFs also focus on the industrial sector but may have different methodologies or specific exposures.

XLI is rebalanced quarterly to align with changes in the Industrial Select Sector Index. This rebalancing ensures that the ETF continues to accurately reflect the index.

As of the latest update, XLI has an expense ratio of approximately 0.10%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.

Dividends received from the underlying stocks in XLI are collected and distributed to ETF shareholders. Investors can choose to receive dividends in cash or reinvest them to purchase additional shares of XLI.

XLI is designed to closely track the performance of the Industrial Select Sector Index. Therefore, its performance should be very similar to that of the index, with minor variations due to tracking error and management fees.

XLI typically distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying stocks in the ETF’s portfolio.