Utilities Select Sector SPDR Fund (XLU)
Definition of 'Utilities Select Sector SPDR Fund (XLU)'
In mid-2007, The XLU was about 3.5% of the S&P500 index.
The fund holds investments in the Utilities Index which include the following industries:
- Electric utilities
- Independent power producers & energy traders
- Gas utilities
- Each of the component securities in the Index is a constituent company of the S&P 500 Index.
- Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes.
- The Index is calculated by the New York Stock Exchange’s Index Services Group using a modified “market capitalization” methodology.
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