SECTOR RETURNS

by Year 2007 - 2017*

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.
2008 2009 2010 2011 2012 2013 2014 2015 2016 20171*
Consumer Consumer
Consumer Staples Technology Industrials Utilities Financials Utilities Energy Healthcare
Discretionary Discretionary
-14.97 50.94 27.82 19.51 28.51 28.59 28.01 15.90
42.72 9.94
Consumer Consumer
Healthcare Materials Consumer Staples Healthcare Healthcare Healthcare Financials Technology
Discretionary Discretionary
-23.15 48.48 14.00 41.24 25.18 6.86 22.69 14.21
27.46 23.58
Consumer Consumer
Utilities Energy Healthcare Healthcare Industrials Technology Consumer Staples Industrials
Discretionary Discretionary
-29.08 21.78 12.42 17.53 40.44 17.75 6.83 19.95
41.16 10.90
Consumer Consumer
Equal Sector Materials S&P 500 Financials Consumer Staples Technology Materials Industrials
Discretionary Discretionary
27.79 20.55 16.00 35.37 15.86 5.63 16.66 10.56
-33.41 5.95
Equal Sector S&P 500 Equal Sector Equal Sector Technology S&P 500 Financials S&P 500 Utilities S&P 500
-35.16 26.46 16.11 3.30 15.46 32.39 15.03 1.38 16.00 9.34

S&P 500 Industrials S&P 500 Energy Industrials Equal Sector S&P 500 Equal Sector Technology Materials
-37.00 22.63 15.06 2.98 14.86 30.81 13.69 -1.37 14.82 9.15
Consumer
Energy Energy Consumer Staples Technology Equal Sector Equal Sector Financials Equal Sector Utilities
Staples
-38.79 21.58 13.79 2.67 14.78 13.41 -1.60 14.31 8.67
26.27
Industrials Healthcare Financials S&P 500 Materials Energy Industrials Industrials S&P 500 Consumer Staples
-38.87 19.82 11.91 2.11 14.74 26.16 10.45 -4.25 11.96 7.64
Consumer Consumer
Technology Financials Technology Industrials Consumer Staples Technology Utilities Equal Sector
Discretionary Discretionary
-41.38 17.50 11.39 -1.02 10.72 25.97 -4.86 7.58
9.49 5.88
Materials Consumer Staples Utilities Materials Energy Materials Materials Materials Consumer Staples Financials
-43.99 14.22 5.30 -10.97 5.21 25.83 7.31 -8.58 5.00 6.86

Financials Utilities Healthcare Financials Utilities Utilities Energy Energy Real Estate Real Estate
-55.19 11.41 3.30 -17.16 1.10 13.00 -8.60 -21.46 3.19 6.30

Healthcare Energy
-2.83 -12.71

PERFORMANCE Average Annual Returns as of June 30, 2017

Source: Bloomberg
1
As of June 30, 2017
Data shown in percentages.

2
The Equal Weight Sector Strategy is represented by buying all Select Sector SPDR ETFs individually,
One Year Three Year Five Year Ten Year allocated equally and rebalanced quarterly. Nine Sector SPDRs (11.1% each) were originally included in
the strategy. The tenth sector, REITs, was added effective 10/1/16. All sectors now represent 10% and
Equal Sector Strategy2 14.04% 8.00% 13.58% 7.44%
are rebalanced quarterly. There are no sales loads on Select Sector SPDR shares but ordinary brokerage
S&P 500 17.90% 9.60% 14.62% 7.18% 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.
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 Past performance does not guarantee future results.
visit www.sectorspdrs.com. * Returns are based on the Net Asset Value of the Select Sector SPDRS for standardized performance
(see back).

1.866.SECTOR.ETF (732.8673) |
HISTORICAL S&P 500
Sector Weightings by Decade

Annualized
Sector leadership and weightings can change dramatically over time. Paying attention to sector Select Sector Latest Calendar One Three Five Ten Since
weights can help manage risk while taking advantage of attractive investment themes. SPDR Fund Quarter YTD Year Year Year Year Inception*

Total Returns (Net Asset Value) as of 6/30/17

n Real Estate (XLRE) 2.71% 6.30% -0.51% - - - 8.24%
1980 1985 1990 1995 2000 2005 2010 2015 20171 n Materials (XLB) 3.16% 9.15% 18.37% 4.81% 11.16% 5.33% 7.75%
n Consumer
n Industrials (XLI) 5.16% 10.56% 24.18% 10.32% 16.26% 8.05% 8.06%
7.3 12.5 10.1 13.0 10.3 10.7 10.6 12.9 12.3 n Technology (XLK) 3.08% 14.21% 28.26% 14.64% 15.85% 9.66% 4.45%
Discretionary
n Health Care (XLV) 7.03% 15.90% 12.25% 10.88% 17.69% 10.39% 8.13%
n Consumer
8.7 12.5 16.4 12.8 8.1 9.6 10.6 10.1 9.0 n Cons Stap (XLP) 1.42% 7.64% 2.35% 9.98% 12.54% 10.23% 6.39%
Staples n Cons Disc (XLY) 2.31% 10.90% 16.71% 12.03% 17.19% 10.30% 8.52%
n Energy 28.2 11.6 13.1 9.1 6.6 9.3 12.0 6.5 6.0 n Energy (XLE) -6.61% -12.71% -2.61% -11.13% 1.90% 1.35% 7.53%
n Financials (XLF) 4.24% 6.86% 35.27% 12.27% 17.84% 0.33% 3.76%
n Financials 5.0 7.0 7.2 13.1 17.3 21.3 16.1 16.5 14.5 n Utilities (XLU) 2.15% 8.67% 2.30% 9.18% 10.97% 6.73% 6.97%

n Healthcare 8.0 6.9 10.3 10.8 14.4 13.3 10.9 15.2 14.5 Market Value Total Returns as of 6/30/17
n Real Estate (XLRE) 2.72% 6.21% -0.52% - - - 8.23%
n Industrials 2 15.0 14.4 11.9 12.6 10.6 11.4 10.9 10.0 10.3 n Materials (XLB) 3.15% 9.11% 18.38% 4.82% 11.15% 5.34% 7.75%
n Information
n Industrials (XLI) 5.17% 10.52% 24.16% 10.33% 16.25% 8.07% 8.06%
8.7 14.8 8.8 9.4 21.2 15.3 18.8 20.7 22.3 n Technology (XLK) 3.09% 14.14% 28.25% 14.65% 15.85% 9.68% 4.45%
Technology
n Health Care (XLV) 7.03% 15.84% 12.22% 10.88% 17.68% 10.40% 8.13%
n Materials 9.7 7.1 7.1 6.1 2.3 3.0 3.7 2.8 2.8 n Cons Stap (XLP) 1.41% 7.61% 2.32% 9.98% 12.53% 10.24% 6.39%
n Cons Disc (XLY) 2.31% 10.83% 16.69% 12.04% 17.18% 10.30% 8.52%
n Telecom 3.8 1.8 2.0 8.5 5.5 2.8 3.1 2.4 2.1 n Energy (XLE) -6.59% -12.73% -2.61% -11.13% 1.89% 1.37% 7.53%
n Financials (XLF) 4.28% 6.81% 35.25% 12.28% 17.85% 0.33% 3.76%
n Utilities 5.6 11.4 13.1 4.5 3.8 3.3 3.3 3.0 3.2
n Utilities (XLU) 2.13% 8.63% 2.29% 9.17% 10.97% 6.73% 6.97%
n Real Estate3 2.9

Performance data quoted represents past performance. Past performance does not guarantee future results.
Shaded areas represent highest weighted sector. 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
1
As of June 30, 2017 fluctuate so that shares, when redeemed, may be worth more or less than their original cost.
2
Includes Conglomerates, Miscellaneous and Transportation Industries. *The fund inception date for the original nine is 12/16/98. The inception date for XLRE is 10/7/15. Market
price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns
3
The Real Estate sector was added September, 2016
an investor would receive if shares were traded at other times. The gross expense ratio for The Real Estate
Sector SPDR is 0.16% and after an expense waiver of 0.02%, the net expense ratio is 0.14%. The gross and net
Source: Standard and Poors expense ratio for all other Sector SPDRs 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. SEL002767 11/30/17