- Last Ratings Update:09/30/2014
- Price as of 09/30/2014 :$42.09
- Net Assets:$7,115 Million
- Peer Rank:11 of 20
- Investment Rating:B
We rate Utilities Select Sector SPDR at B. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a greater than above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Utilities strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The Utilities Select Sector SPDR has returned an annual rate of 5.95% since inception. More recently, the fund has generated a total return of 12.41% in the last five years, 12.64% in the last three years, and 18.71% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 68% of them. It has also outpaced 58% of its competitors on a three year basis and 80% of them over the last year for the period ending 9/30/2014. On a year to date basis, XLU has returned 14.93%.
Downside risk has been below average. XLU has a draw down risk of -9.97%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.6%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 9/30/2014, the fund was trading at a price of $42.09, which is 3.6% below its 52-week high of $43.66 and 1.7% above its 52-week low of $41.40.
Low expense ratio helps performance. On total assets of $7.12 billion, XLU maintains a low expense ratio compared to its Sector - Utilities peers of just 0.17% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As XLU is an exchange traded fund, it has no front end or back end load.
The Utilities Select Sector SPDR is managed by John A. Tucker at SSgA Funds Management Inc. This fund is one of 136 SSgA Funds Management Inc exchange-traded funds launched since 12/16/1998 that we track.
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