XLC
Communication Services Select Sector SPDR Fund · State Street
US Sectors
1Y Return
+4.6%
Expense Ratio
0.08%
AUM
$22B
Dividend Yield
1.29%
Avg Annual Growth (Since Inception)
+16.1%
Issuer
State Street SPDR

Overview

Targeted exposure to the GICS Communication Services sector — interactive media, entertainment, and telecom. Created after the 2018 GICS reshuffle moved Alphabet, Meta, and Netflix out of Technology.

Top Holdings

TickerHoldingWeight
METAMeta Platforms18.47%
GOOGLAlphabet Inc. Class A10.44%
GOOGAlphabet Inc. Class C8.41%
TMUST-Mobile US4.88%
TAT&T Inc.4.70%
NFLXNetflix Inc.4.62%
VZVerizon Communications4.48%
DISWalt Disney Company4.31%
CMCSAComcast Corporation4.18%
EAElectronic Arts3.42%

Fund Details

Index
Communication Services Select Sector
# Holdings
~26
Inception
Jun 2018
Exchange
NYSE Arca
Structure
Open-End Fund
Distribution
Quarterly
Avg Annual Growth (Since Inception)
+16.1%
Avg Annual Yield (Since Inception)
0.85%

Investment Thesis

XLC captures the modern attention economy in a single fund. The 2018 GICS reclassification pulled the internet platform giants out of Technology and grouped them with legacy media and telecom, creating a sector that blends explosive digital-advertising growth with stable, cash-generative telecom incumbents. The result is unusually concentrated — Meta and the two Alphabet share classes alone account for well over a third of the fund — so XLC behaves much more like a targeted bet on digital advertising and streaming than a diversified sector holding.

Who It's For

Growth-oriented investors who want exposure to dominant internet platform businesses without picking individual winners among them. XLC suits those with a constructive view on digital advertising, streaming, and gaming, who are comfortable with heavy single-name concentration. Given that concentration it is better used as a satellite position than a core holding.

10-Year History

Annual Closing Price
YearClose% Chg
2016----
2017----
2018$44.82--
2019$54.18+20.9%
2020$68.42+26.3%
2021$78.18+14.3%
2022$50.42-35.5%
2023$72.18+43.2%
2024$94.42+30.8%
2025$106.18+12.5%
Annual Dividend Yield
YearYield
2016--
2017--
20181.02%
20190.92%
20200.72%
20210.62%
20220.98%
20230.88%
20240.78%
20250.85%
Annual AUM
YearAUM% Chg
2016----
2017----
2018$4B--
2019$7B+75.0%
2020$10B+42.9%
2021$14B+40.0%
2022$9B-35.7%
2023$13B+44.4%
2024$19B+46.2%
2025$23B+21.1%

Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.

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