XLK - Technology Sector SPDR Fund - Stock & Dividends

The Technology Select Sector SPDR Fund, listed on the NYSE ARCA under the ticker symbol XLK, is an exchange-traded fund (ETF) designed to track the performance of a specific index. To achieve this, the fund uses a replication strategy, which involves investing in almost all of the securities that make up the index, in roughly the same proportions as the index.

This approach allows the fund to closely mirror the performance of the underlying index, providing investors with broad exposure to the technology sector. The fund typically allocates at least 95% of its total assets to the securities that comprise the index, with the remaining 5% or less reserved for cash, derivatives, or other investments.

As a non-diversified fund, the Technology Select Sector SPDR Fund is not required to meet the same diversification standards as diversified funds. This means that the fund may invest a larger portion of its assets in a single security or a smaller number of securities, which can increase its potential returns but also raises its risk profile.

The fund is domiciled in the United States and is sponsored by State Street Global Advisors, a leading global asset management company. For more information about the fund, investors can visit the company's website at http://www.spdrs.com.