–News Direct–
The Consumer Staples Select Sector SPDR Fund (XLP) is pleased to provide an update on its portfolio composition, offering investors a unique opportunity to gain exposure to the consumer staples sector.
The ETF offers an appealing option for investors looking to implement a sector rotation strategy or tilt their portfolio towards defensive assets. This sector includes companies involved in the development and production of essential consumer products such as food and drug retailing.
Currently, XLP's top holdings* include a comprehensive list of well-known stocks from industry-leading companies:
Procter & Gamble (14.76%)
Costco Wholesale (12.97%)
Coca-Cola (9.20%)
PepsiCo (8.96%)
Walmart (4.94%)
Mondelez Intl (4.36%)
Philip Morris Intl (4.18)
Altria (3.28%)
Colgate-Palmolive (3.23%)
Target (3.20%)
These companies represent a cross-section of the consumer staples sector, providing goods and services that consumers use on a daily basis. As such, these companies can offer stability during times of economic uncertainty, making XLP a potential strategic investment option.
XLP has consistently provided precise exposure to companies from consumer staples distribution and retail, household products, food products, beverages, tobacco, and personal products sectors. With total net assets of over $15 billion, XLP continues to be a significant player in the ETF market.
The XLP's strategy of investing in companies that produce essential consumer products has proven to be a consistent approach. Its holdings are composed of industry-leading companies that have a strong presence in the consumer staples sector. This makes XLP a potentially robust and resilient investment option, even during challenging economic conditions.
DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication.
About the Company:
Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals.
*Holdings, Weightings & Assets as of 2/29/24 subject to change
DISCLOSURES
The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing.
One may not invest directly in an index.
Transparent ETFs provide daily disclosure of portfolio holdings and weightings
All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.
Media Contact:
Company: Select Sector SPDRs
Contact: Dan Dolan*
Address: 1290 Broadway, Suite 1000, Denver, CO 80203
Country: United States
Email: dan.dolan@sectorspdrs.com
Website: https://www.sectorspdrs.com/
*Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust.
SEL007375 EXP 4/30/24
Contact Details
Dan Dolan
+1 203-935-8103
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/consumer-staples-sector-etf-xlp-the-essential-goods-market-can-be-a-strategic-investment-193280084
Select Sector SPDR
COMTEX_449643821/2655/2024-03-22T05:03:36