June 2021 SPDR Sector & Industry Dashboard

ETFETF NameFundamentalsInternationalExposureMacro Sensitivies (Beta)Fund InformationPricetoBookPrice toEarnings(FY1)ReturnonEquityLTDebt toCapital(%)EST1 YearEPSGrowthEST3–5YearsEPSGrowth% ForeignSalesUS (36 Mth)US10 YearYield(36 Mth)BrentCrudeOil(36 Mth)10 YearBreakevenInflationRate(36 Mth)AUM( M)3 MonthFund Flow(M)3 MonthAverageDailyNotionalVolume( M)Sector (Cont’d)XLVThe Health Care Select SectorSPDR 1528,48016461,049.5XLKThe Technology Select SectorSPDR .2642,47959940.4XLIThe Industrial Select SectorSPDR 3019,506-15351,189.9XLBThe Materials Select SectorSPDR 259,3562138570.9Source: Bloomberg Finance, L.P., FactSet, as of 06/30/2021. Past performance is not a guarantee of future results. Fundamentals and Beta sensitivities are calculated using weighted average of underlying holdings’characteristics and beta sensitivity. Characteristics are as of the date indicated, are subject to change, and should not be relied upon as current thereafter. Estimated Earnings Per Share (EPS), which are based on a consensusof analyst estimates, should not be construed as an indication of the current or future profitability of any investment product. Actual earnings per share may differ, even substantially, from that of estimated earnings per share.Blue shades are the funds included in the sector and industry spotlight.8

ssga.com/etfsInformation Classification: General AccessGlossary10 Year Breakeven Inflation Rate (usedin Macro Sensitivity) represents a measureof expected inflation derived from 10-YearTreasury Constant Maturity Securities and10-Year Treasury Inflation-Indexed ConstantMaturity Securities.Beta Volatility measure of the percentageprice change of the security given a onepercent change in a representative marketindex. The beta value is generated by a riskmodel and determined by comparing theprice movements of the security and therepresentative market index. A beta below1 can indicate either an investment with lowervolatility than the market.Brent Crude Spot Price (Used in MacroSensitivity) Current spot price in currentpipeline export quality Brent blend as suppliedat Sullom Voe.Communication Services Select SectorIndex The Communication Services SelectSector Index include companiesfrom the following industries: diversifiedtelecommunication services; wirelesstelecommunication services; media;entertainment; and interactive media& services.Consumer Discretionary Select SectorIndex The Consumer Discretionary SelectSector Index includes companies from thefollowing industries: retail (specialty, multi-line,internet and catalog); media; hotels, restaurants& leisure; household durables; textiles, apparel& luxury goods; automobiles, auto componentsand distributors; leisure equipment & products;and diversified consumer services.Consumer Staples Select SectorIndex The Consumer Staples Select SectorIndex includes companies from the followingindustries: food & staples retailing; householdproducts; food products; beverages; tobacco;and personal products.Correlation measures the historical tendencyof two investments to move together. Investorsoften combine investments with lowcorrelations to diversify portfolios.Dispersion measures variations of differingmembers of a universe.Earnings Per Share Earnings per share(EPS) is the monetary value of earningsper outstanding share of common stock fora company.Earnings Revision measures the changesto the analysts’ expected earnings.Energy Select Sector Index The EnergySelect Sector Index includes companies fromthe following industries: oil, gas & consumablefuels and energy equipment & services.EPS Growth Rate The Compounded AnnualGrowth Rate (CAGR) of the operating Earningsper Share (EPS) over the specified time period.Estimated 3–5 EPS Growth (%) Theestimated 3–5 year EPS growth is based on theunderlying holdings of the index. The earningsestimates for the underlying holdings areprovided by FactSet and are used to calculate acompounded annual growth rate for earningsper share over the next 3–5 years. Theseanalysts estimates are forecasts of the firms’potential ability to increase earnings per shareover a full market cycle, and not a measure ofexpected stock or index price performance.The 3–5 year EPS estimate for an index is amarket cap weighted average of the underlyingfirms’ figures.The Financial Select Sector Index includescompanies from the following industries:diversified financial services; insurance;commercial banks; capital markets; real estateinvestment trusts (“REITs”); thrift & mortgagefinance; consumer finance; and real estatemanagement & development.Health Care Select Sector Index TheHealth Care Select Sector Index includescompanies from the following industries:pharmaceuticals; health care providers &services; health care equipment & supplies;biotechnology; life sciences tools & services;and health care technology.Implied Volatility represents the market’sforward-looking expectation of volatility basedon current options pricing.Industrial Select Sector Index TheIndustrial Select Sector Index includescompanies from the following industries:industrial conglomerates; aerospace &defense; machinery; air freight & logistics; road& rail; commercial services & supplies; electricalequipment; construction & engineering;building products; airlines; and tradingcompanies & distributors.LT Debt to Equity Ratio is a financial ratioindication the relative proportion of long-termdebt and shareholders’ equity. A high LT debt toequity ratio generally means that a company hasbeen aggressive in financing its business with debt.Macro Sensitivity to EconomicVariables This is measured as the beta ofreturns relative to a particular variable. Beta isa measure of the volatility, or systematic risk, ofa security or a portfolio in comparison to the aparticular variable.Materials Select Sector Index The MaterialsSelect Sector Index includes companies fromthe following industries: chemicals; metals &mining; paper & forest products; containers &packaging; and construction materials.Percentage of Foreign Firm Assets Thisfigure represents the weighted average of theamount of the underlying foreign firm assetsas a percent of total geographic segmentfirm assets.Percentage of Foreign Firm Sales Thisfigure represents the weighted average of theamount of the underlying foreign firm sales as apercent of total geographic segment firm sales.Price to Book Ratio (P/B) A financial ratioused to compare a company’s current marketprice to its book value which is the carryingvalue of an asset according to its balance sheetaccount balance. A low P/B is representative ofa value security. A high P/B is more indicative ofa growth stock.Price to Earnings Ratio (P/E) The ratio ofthe price of a stock and the firms earnings pershare. A low P/E translates into a value stock. Ahigh P/E is more indicative of a growth stock.Put-Call Ratio The ratio measures how manyput options are being traded relative to calloptions. It is calculated by dividing the numberof traded put options by the number of tradedcall options.Real Estate Select Sector Index The RealEstate Select Sector Index includes companiesfrom the following industries: real estatemanagement and development and REITs,excluding mortgage REITs.Return on Equity (ROE) This measures therate of return on the ownership interest(shareholders’ equity) of the common stockowners. It measures a firm’s efficiency atgenerating profits from every unit ofshareholders’ equity. ROE shows how well acompany uses investment funds to generateearnings growth.Select Sector Index The companies includedin each Select Sector Index are selected onthe basis of general industry classificationfrom a universe of companies defined by theStandard & Poor’s 500 Composite Stock Index (“S&P 500 ”).9Short Interest Short interest is the number ofshares that have been sold short but have notyet covered or closed out. It is an indicator ofmarket sentiment that tells whether investorsexpect a stock’s price is likely to fall.SMA Simple Moving Average A simplemoving average (SMA) is an arithmetic movingaverage calculated by adding recent closingprices and then dividing that by the number oftime periods in the calculation average.Technology Select Sector Index TheTechnology Select Sector Index includescompanies from the following industries:computers & peripherals; software; diversifiedtelecommunication services; communicationsequipment; semiconductor & semiconductorequipment; internet software & services; ITservices; wireless telecommunication services;electronic equipment & instruments; andoffice electronics.US 10 Year–2 Year Yield (Used in MacroSensitivity) The rate differential betweenGeneric United States on-the-run government10 Year Treasuries and Generic United Stateson-the-run government 2 Year Treasuries. Theyield quoted is yield to maturity and on apre-tax basis.US 10 Year Yield (Used in Macro Sensitivity)The rate is comprised of Generic United Stateson-the-run government 10 Year Treasuries. Theyield quoted is yield to maturity and on apre-tax basis.US Dollar Spot Index (Used in MacroSensitivity) The Dollar Spot Index tracks theperformance of a basket of ten leading globalcurrencies versus the US Dollar. Each currencyin the basket and their weight is determinedannually based on their share of internationaltrade and FX liquidity.Utilities Select Sector Index The UtilitiesSelect Sector Index includes companies fromthe following industries: electric utilities;multi-utilities; independent power producers &energy traders; and gas utilities.Z-score Z-score measures how many standarddeviations an element is above or below thepopulation mean. A sector z-score can becalculated from the following formula. z (X-μ) /σ, where X is the sector value of the metrics. μis the mean of 11 sector values for a certainmetric. σ is the standard deviation of the valueof eleven sectors.State Street Global Advisors One Iron Street,Boston MA 02210. T: 1 617 786 3000.

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Industry Dashboard SPDR Americas Research Team The S&P 500 index advanced for the fifth straight . Financial 5,402 21,070 25,103 Health Care 1,290 -1,121 -11 . Sector’s Momentum z-score is the simple average of the z-score of each period. Top and bottom two sectors in