Emulating the Technology Select Sector SPDR Fund (XLK)
The analysis was performed on the on-line portfolio simulation platform Portfolio 123.
According to the Technology Select Sector SPDR Fund’s fact sheet, the fund is composed of S&P 500 companies primarily involved in such industries as software and services, IT consulting services, semiconductor equipment, computer and peripherals. As of September 10, 2020, total assets under management were $34,430 M. Holdings of XLK are cap-weighted, which is reflected in two of its 71 holdings, Apple (AAPL) and Microsoft (MSFT), having a weight of 45%, meaning that XLK has