While concerns over interest rate hikes and the consequent economic slowdown linger, optimism is still evident in the industrial sector. Due to restored manufacturing, industrial demand is predicted to…
remain strong in the coming years.
The Industrial Select Sector SPDR Fund (XLI) offers exposure to the U.S. industrial sector. The sector includes transportation firms, providers of commercial and professional services, and manufacturers of capital goods. The ETF allows investors to take strategic or tactical positions at a more targeted level than traditional style-based investing.
Tracking the S&P Industrial Select Sector, the non-diversified fund generally invests at least 95% of its total assets in the securities comprising the index. It has gained 14.9% over the past six months and 9.7% over the past three months to close its last trading session at $100.96.
Here are the factors that could influence XLI’s performance in the near term:
Fund Stats
As of December 13, XLI had a NAV of $101.14 and about $14 billion in assets under management. It has a gross expense ratio of 0.10%, which is significantly lower than the industry average of 0.45%.
XLI’s trailing-12-month dividend of $1.52 yields 1.51% on the current share price. This compares to its four-year average yield of 1.71%. Its dividend payouts have increased at a 2.9% CAGR over the past five years.
Over the past three years, its net inflow came in at $418.17 million. Its net inflows were $36.61 million over the past five days. It has a five-year beta of 1.15.
Top Holdings
As of December 13, the fund’s top holdings include…
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