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XLF ETF — Holdings & Analysis | Stock Expert AI

The State Street Financial Select Sector SPDR ETF (XLF) is a $47.13 billion fund seeking to replicate the performance of the Financial Select Sector Index, offering targeted exposure to the financial sector of the S&P 500. With a low expense ratio of 0.08%, XLF provides access to financial services, insurance, banks, capital markets, mortgage REITs, and consumer finance companies. Its top holdings include Berkshire Hathaway, JPMorgan Chase, and Visa, making it a core holding for investors seeking exposure to the financial sector.

State Street Financial Select Sector SPDR ETF (XLF) ETF — Price, Holdings & Analysis

The State Street Financial Select Sector SPDR ETF (XLF) is a $47.13 billion fund seeking to replicate the performance of the Financial Select Sector Index, offering targeted exposure to the financial sector of the S&P 500. With a low expense ratio of 0.08%, XLF provides access to financial services, insurance, banks, capital markets, mortgage REITs, and consumer finance companies. Its top holdings include Berkshire Hathaway, JPMorgan Chase, and Visa, making it a core holding for investors seeking exposure to the financial sector.

ETF Overview

The State Street Financial Select Sector SPDR ETF seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Financial Select Sector Index (the "Index").The Index seeks to provide an effective representation of the financial sector of the S&P 500 Index.Seeks to provide precise exposure to companies in the financial services; insurance; banks; capital markets; mortgage real estate investment trusts ("REITs"); and consumer finance.Allows investors to take strategic or tactical positions at a more targeted level than traditional style based investing.
XLF provides focused exposure to the financial sector within the S&P 500, targeting companies in financial services, insurance, banking, capital markets, mortgage REITs, and consumer finance. The ETF aims to mirror the Financial Select Sector Index's performance before expenses. XLF's top holdings reflect a concentrated bet on major financial institutions, with Berkshire Hathaway Inc Class B at 12.55%, JPMorgan Chase & Co at 11.08%, and Visa Inc Class A at 7.32%. Mastercard Inc Class A (5.75%) and Bank of America Corp (4.54%) round out the top five. With 98.0% of its assets allocated to the financial services sector, XLF offers a targeted approach for investors seeking to overweight this specific segment of the market. The fund's country exposure is primarily to the United States (96.2%), with smaller allocations to Switzerland (1.7%), Ireland (1.0%), Bermuda (0.7%), and the United Kingdom (0.4%). This ETF is suitable for investors who believe the financial sector will outperform the broader market.

Risk Metrics

XLF's concentration in the financial sector presents a significant risk, as 98.0% of its assets are allocated to this single sector. This makes it vulnerable to sector-specific downturns and regulatory changes affecting financial institutions. The fund's top holding, Berkshire Hathaway Inc Class B, accounts for 12.55% of the portfolio, indicating a degree of concentration risk within its holdings as well. With a beta of 0.95, XLF's price is expected to fluctuate slightly less than the overall market. While the expense ratio of 0.08% is low, it still creates a slight drag on performance over time. Investors should be aware that past performance does not guarantee future results.

Expense Ratio

0.08%

Top Holdings

Sector Allocation

  • Financial Services: 98.0%
  • Technology: 1.7%
  • Industrials: 0.2%
  • Cash & Others: 0.1%
  • United States: 96.2%
  • Switzerland: 1.7%
  • Ireland: 1.0%
  • Bermuda: 0.7%
  • United Kingdom: 0.4%
  • Other: 0.1%

Dividend Yield

1.21%
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Risk Metrics

  • Beta: 0.95

Questions & Answers

What is XLF and what does it track?

The State Street Financial Select Sector SPDR ETF (XLF) is an exchange-traded fund that aims to replicate the performance of the Financial Select Sector Index. This index represents the financial sector within the S&P 500, including companies involved in financial services, insurance, banking, capital markets, mortgage REITs, and consumer finance. XLF provides investors with a targeted way to invest in the financial sector, offering exposure to a diversified basket of financial stocks. As of March 31, 2026, XLF has $47.13 billion in assets under management and a net asset value (NAV) of $48.35 per share.

What is the expense ratio for XLF?

The expense ratio for XLF is 0.08%. This means that for every $10,000 invested in the fund, $8 is used to cover annual operating expenses. This expense ratio is relatively low compared to the average expense ratio for equity ETFs, which is approximately 0.44%. The low expense ratio makes XLF a cost-effective option for investors seeking exposure to the financial sector.

What are the top holdings in XLF?

As of March 31, 2026, the top holdings in XLF are Berkshire Hathaway Inc Class B (12.55%), JPMorgan Chase & Co (11.08%), Visa Inc Class A (7.32%), Mastercard Inc Class A (5.75%), and Bank of America Corp (4.54%). These five companies represent a significant portion of the fund's total assets, reflecting a concentrated bet on leading financial institutions. The fund's performance is therefore heavily influenced by the performance of these top holdings. Investors should review the complete list of holdings to understand the fund's overall composition.

Is XLF a good long-term investment?

Whether XLF is a good long-term investment depends on an investor's individual circumstances, risk tolerance, and investment objectives. XLF provides targeted exposure to the financial sector, which can be beneficial if an investor believes this sector will outperform the broader market over the long term. However, it also exposes investors to sector-specific risks. With a beta of 0.95, XLF's price is expected to fluctuate slightly less than the overall market. Past performance does not guarantee future results, and investors should carefully consider their own financial situation before investing.

How does XLF compare to similar ETFs?

XLF distinguishes itself through its substantial AUM of $47.13 billion and a low expense ratio of 0.08%. Compared to other financial sector ETFs, XLF's size often translates to greater liquidity and tighter bid-ask spreads. While other ETFs may focus on narrower segments within the financial sector, XLF offers broad exposure to financial services, insurance, banking, capital markets, and mortgage REITs. Investors should compare the specific holdings and sector allocations of different ETFs to determine which best aligns with their investment goals.

Does XLF pay dividends?

Yes, XLF pays dividends. As of March 31, 2026, XLF has a dividend yield of 1.21%. The dividend yield represents the annual dividend payment as a percentage of the fund's share price. Dividends are typically paid quarterly, but the exact frequency and amount may vary. Investors seeking income from their investments may find XLF's dividend yield attractive, although it's important to remember that dividend yields can fluctuate over time.