SPDR® S&P Telecom ETF (NYSEARCA:XTL) operates as an exchange-traded fund that targets the telecommunications sector, aiming to replicate the performance of the S&P Telecommunications Select Industry Index. This ETF invests in companies within the telecom industry, covering a wide spectrum from communication equipment to wireless communication services. The objective is to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Telecommunications Select Industry Index. XTL is designed for investors looking to gain exposure to the telecom sector through a diversified portfolio of telecom companies. The fund enables investors to participate in the potential growth and innovation happening in the telecom industry, including advancements in technology and expansion of services globally.
Company Snapshot
Is SPDR® S&P Telecom ETF a public or private company?
Ownership
Public
How many people does SPDR® S&P Telecom ETF employ?
Employees
2,307
What sector is SPDR® S&P Telecom ETF in?
Sector
ETF
Where is the head office for SPDR® S&P Telecom ETF?
What are the products and/or services of SPDR® S&P Telecom ETF?
Overview of SPDR® S&P Telecom ETF offerings
Targeted Exposure to Telecommunication Companies: XTL offers targeted investment in a basket of U.S. and foreign companies that derive a significant portion of their revenue from the telecommunications sector. This includes companies involved in wireless and wireline network services, internet access, and other related services.
Tracks S&P Telecommunications Select Industry Index: XTL passively tracks the performance of the S&P Telecommunications Select Industry Index. This index measures the performance of companies classified in the Global Industry Classification Standard (GICS) Telecommunications Services Sub-Industry.
Capital Appreciation Potential: The primary objective of XTL is to achieve capital appreciation for investors through potential price increases of the underlying telecommunication stocks in the portfolio.
Sector Concentration Risk: As XTL focuses on a single industry sector, its performance is more tied to the fortunes of the telecommunication industry compared to a broader market ETF. This can lead to higher volatility if the sector experiences challenges.
Dividend Distribution Potential: Many telecommunication companies have a history of paying dividends to shareholders. XTL may distribute dividends periodically, reflecting the dividend payouts from the underlying holdings in the ETF.