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SECTOR RETURNS

by Year 2007 - 2016*


Sector returns can vary widely over the last 10+ years the average difference between the best performing and worst performing sectors has been more than 30% per year.
Investors can moderate this volatility by owning each sector in equal proportion.

2007

2008

2009

2010

2011

2012

2013

2014

2015

20161**

Utilities
28.59

Consumer
Discretionary
9.94

Utilities
15.47

Energy
36.34

Consumer Staples
-14.97

Technology
50.94

Industrials
27.82

Utilities
19.51

Financials
28.51

Consumer
Discretionary
42.72

Materials
21.98

Healthcare
-23.15

Materials
48.48

Consumer
Discretionary
27.46

Consumer Staples
14.00

Consumer
Discretionary
23.58

Healthcare
41.24

Healthcare

25.18

Healthcare
6.86

Consumer Staples
5.60

Utilities
19.10

Utilities
-29.08

Consumer
Discretionary
41.16

Energy
21.78

Healthcare
12.42

Healthcare
17.53

Industrials
40.44

Technology

Consumer Staples

6.83

Industrials
5.19

Technology
15.19

Consumer
Discretionary
-33.41

Equal Sector
27.79

Materials
20.55

Consumer
Discretionary
5.95

S&P 500
16.00

Financials
35.37

Consumer Staples

15.86

Technology
5.63

Real Estate
4.34

Consumer Staples
14.46

Equal Sector
-35.16

S&P 500
26.46

Equal Sector
16.11

Equal Sector
3.30

Technology
15.46

S&P 500
32.39

Financials
15.03

S&P 500
1.38

Technology
4.02

Industrials
13.19

S&P 500
-37.00

Industrials
22.63

S&P 500
15.06

Energy
2.98

Industrials
14.86

Equal Sector
30.81

S&P 500
13.69

Equal Sector
-1.37

Materials
3.45

Equal Sector
9.65

Energy
-38.79

Energy
21.58

Consumer Staples
13.79

Technology
2.67

Equal Sector
14.78

Consumer
Staples
26.27

Equal Sector

Financials
-1.60

Energy
3.37

Healthcare
7.09

Industrials
-38.87

Healthcare
19.82

Financials
11.91

S&P 500
2.11

Materials
14.74

Energy
26.16

Industrials

Industrials
-4.25

Equal Sector
3.37

S&P 500
5.49

Technology
-41.38

Financials
17.50

Technology
11.39

Industrials
-1.02

Consumer Staples
10.72

Technology
25.97

Utilities
-4.86

Consumer
Discretionary
1.55

Consumer
Discretionary
-13.38

Materials
-43.99

Consumer Staples
14.22

Utilities
5.30

Materials
-10.97

Energy
5.21

Materials
25.83

Materials

Materials
-8.58

S&P 500
1.35

Financials
-18.79

Financials
-55.19

Utilities
11.41

Healthcare
3.30

Financials
-17.16

Utilities
1.10

Utilities
13.00

Energy

Energy
-21.46

Financials
-5.08

17.75

13.41

10.45

Consumer
Discretionary

9.49

7.31

-8.60

Healthcare
-5.55
Financial Services
-7.03

PERFORMANCE

Average Annual Returns as of March 31, 2016


One Year

Three Year

Five Year

Ten Year

Cumulative
Returns

Equal Sector Strategy2

2.35%

11.11%

11.13%

7.65%

109.21%

S&P 500

1.78%

11.81%

11.57%

7.00%

96.87%

Performance data quoted represents past performance. Current performance for the underlying ETFs may be higher or lower
than data quoted. For the most current month-end performance data for the individual Select Sector SPDR Funds, please
visit www.sectorspdrs.com.

Source: Bloomberg
Data shown in percentages.
1
As of March 31, 2016
2
The Equal Weight Sector Strategy is represented by the nine Select Sector SPDRs ETFs that are
purchased individually, allocated equally, and rebalanced quarterly. As a result, each sector has an
initial weighting of 11.1%. The gross expense ratio for each Select Sector SPDR is 0.14%. There are
no sales loads on Select Sector SPDR shares but ordinary brokerage commissions do apply and this
expense is not reflected in performance calculations. If such expenses were reflected, the performance
shown would be lower. Investors are responsible for rebalancing the portfolio quarterly.
Past performance does not guarantee future results.
* Returns are based on the Net Asset Value of the Select Sector SPDRS for standardized performance
(see back).
** The Financial Services and Real Estate Sector SPDRs were launched in October, 2015 therefore 2016
is the first year with performance data. Their gross expense ratio is 0.15% and after an expense waiver
of 0.01% the net expense ratio is 0.14%. SSGA Funds Management, Inc. has contractually agreed to
waive its advisory fee and reimburse certain expenses until January 31, 2017.

1.866.SECTOR.ETF (732.8673) |

HISTORICAL S&P 500


Sector Weightings by Decade
Sector leadership and weightings can change dramatically over time. Paying attention to sector
weights can help manage risk while taking advantage of attractive investment themes.
1980

1985

1990

1995

2000

2005

2010

2015

20161

7.3

12.5

10.1

13.0

10.3

10.7

10.6

12.9

12.9

8.7

12.5

16.4

12.8

8.1

9.6

10.6

10.1

10.4

28.2

11.6

13.1

9.1

6.6

9.3

12.0

6.5

6.8

n Financials

5.0

7.0

7.2

13.1

17.3

21.3

16.1

16.5

15.6

n Healthcare

8.0

6.9

10.3

10.8

14.4

13.3

10.9

15.2

14.3

n Industrials2

15.0

14.4

11.9

12.6

10.6

11.4

10.9

10.0

10.1

8.7

14.8

8.8

9.4

21.2

15.3

18.8

20.7

20.8

n Materials

9.7

7.1

7.1

6.1

2.3

3.0

3.7

2.8

2.8

n Telecom

3.8

1.8

2.0

8.5

5.5

2.8

3.1

2.4

2.8

n Utilities

5.6

11.4

13.1

4.5

3.8

3.3

3.3

3.0

3.4

n Consumer

Discretionary
n Consumer

Staples
n Energy

n Information

Technology

Shaded areas represent highest weighted sector.


As of March 31, 2016
Includes Conglomerates, Miscellaneous and Transportation Industries.

1
2

Source: Standard and Poors

Annualized
Select Sector
SPDR Fund

One
Month

Latest
Quarter

Calendar
YTD

One
Year

Three
Year

Five
Year

Ten
Year

Since
Inception*

Total Returns (Net Asset Value) as of 3/31/16


n Fin Serv (XLFS)
6.51% -7.03% -7.03%
-8.95%
n Real Estate (XLRE) 10.54%
4.34%
4.34%
18.86%
n Materials (XLB)
7.54%
3.45%
3.45% -6.28%
6.77%
4.54%
5.78%
7.04%
n Industrials (XLI)
7.05%
5.19%
5.19%
1.62% 12.19% 10.35%
7.31%
7.22%
n Technology (XLK)
8.73%
4.02%
4.02%
9.01% 15.74% 13.25%
8.82%
3.38%
n Health Care (XLV)
2.71% -5.55% -5.55% -5.31% 15.54% 17.42%
9.72%
7.64%
n Cons Stap (XLP)
4.70%
5.60%
5.60% 11.52% 12.93% 15.20% 11.28%
6.45%
n Cons Disc (XLY)
6.62%
1.55%
1.55%
6.58% 15.89% 16.89% 10.54%
8.25%
n Energy (XLE)
10.02%
3.37%
3.37% -17.46% -5.69% -2.88%
3.17%
7.60%
n Financials (XLF)
7.29% -5.08% -5.08% -4.62%
9.31%
8.50% -1.57%
2.11%
n Utilities (XLU)
7.98% 15.47% 15.47% 15.82% 12.24% 13.44%
8.83%
6.94%
Market Value Total Returns as of 3/31/16

n Fin Serv (XLFS)
6.53% -7.04% -7.04%
-8.98%
n Real Estate (XLRE) 10.52%
4.16%
4.16%
18.92%
n Materials (XLB)
7.63%
3.51%
3.51% -6.25%
6.79%
4.54%
5.76%
7.04%
n Industrials (XLI)
7.05%
5.21%
5.21%
1.62% 12.21% 10.35%
7.30%
7.22%
n Technology (XLK)
8.79%
4.02%
4.02%
8.97% 15.76% 13.23%
8.81%
3.38%
n Health Care (XLV)
2.74% -5.56% -5.56% -5.30% 15.55% 17.41%
9.72%
7.64%
n Cons Stap (XLP)
4.72%
5.63%
5.63% 11.52% 12.95% 15.20% 11.28%
6.45%
n Cons Disc (XLY)
6.68%
1.59%
1.59%
6.60% 15.92% 16.89% 10.54%
8.25%
n Energy (XLE)
10.05%
3.39%
3.39% -17.44% -5.67% -2.88%
3.19%
7.60%
n Financials (XLF)
7.32% -5.06% -5.06% -4.67%
9.31%
8.49% -1.58%
2.12%
n Utilities (XLU)
7.97% 15.53% 15.53% 15.91% 12.26% 13.44%
8.84%
6.94%
Performance data quoted represents past performance. Past performance does not guarantee future results.
Current performance may be higher or lower than actual data quoted. Call 1.866.SECTOR.ETF or visit
www.sectorspdrs.com for current month end performance. Investment returns and principal value will
fluctuate so that shares, when redeemed, may be worth more or less than their original cost.
*Fund inception date 12/16/98. Market price returns are based on the midpoint of the bid/ask spread at
4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. The
above returns are for the underlying nine Select Sector SPDR ETFs. The Gross expense ratio for XLRE and
XLFS is 0.15% and after an expense waiver of 0.01% the net expense ratio for each is 0.14%

1.866.SECTOR.ETF (732.8673) |
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). Read the prospectus carefully before investing.
Asset allocation cannot assure a profit nor protect against a loss.
There are risks involved with investing, including loss of principal.
Sector ETF products are also subject to sector risk and non-diversification risk, which generally will result in greater price fluctuations than the overall market.
The S&P 500 Index is the Standard & Poors composite index of 500 stocks, a widely recognized, unmanaged index of common stock prices.
You cannot invest directly in an index.
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust.

SEL002185 7/31/16