As longtime advisors and investors know, sometimes it’s not enough to simply keep an eye on what ETFs are currently available on the market. In fact, it’s oftentimes crucial to monitor the funds that are being filed as well.
Key Takeaways:
- State Street Investment Management has filed for four new ETFs, which will provide distinct takes on sector exposure to energy, technology, consumer staples, and consumer discretionary.
- Unlike State Street’s current sector ETF offerings, these filed ETFs use indexes that track the sectors within the S&P 500 without a cap, providing more pure-play exposure to each sector.
- The four new ETFs add to State Street’s already impressive lineup of sector ETFs, which each offer a variety of different portfolio applications.
Recently, State Street Investment Management filed for four new funds, each of which would expand its existing coverage of sector exposure. These new ETFs, if approved, will provide new ways of gaining exposure to the consumer discretionary, consumer staples, energy, and technology sectors.
Of course, State Street already offers exposure to these sectors through the State Street Consumer Discretionary Select Sector SPDR ETF (XLY), the State Street Consumer Staples Select Sector SPDR ETF (XLP), the State Street Energy Select Sector SPDR ETF (XLE), and the State Street Technology Select Sector SPDR ETF (XLK). However, the four new filings use different indices to build sector exposure, providing different company weightings for new portfolio strategies.
The new State Street consumer discretionary filing, the State Street S&P 500 Consumer Discretionary Market Sector SPDR ETF, uses the S&P 500 Consumer Discretionary Sector Index as its index of choice. Meanwhile, the State Street S&P 500 Consumer Staples Market Sector SPDR ETF uses the S&P 500 Consumer Staples Sector Index.
State Street’s energy filing, the State Street S&P 500 Energy Market Sector SPDR ETF, tracks the performance of the S&P 500 Energy Sector Index. Last, but certainly not least, the State Street S&P 500 Technology Market Sector SPDR ETF focuses on the S&P 500 Information Technology Sector Index.
See More: Top-Performing Sector SPDRs: XLK, XLE & XLI Top The List
How the New Filings Are Changing the Game
Advisors and investors may be curious how these new filings — and their respective indices — differ from State Street’s current offerings. The key difference is that State Street’s present funds use modified free-float market caps to limit the domination of certain top companies. Inversely, the indexes for State Street’s prospective filings do not have such caps.
As just one example, the index for State Street’s new tech filing holds 19.8% of its weight in Nvidia, as of June 30, 2026. Meanwhile, the index for XLK limits Nvidia’s weighting to 14.7%, as of June 30, 2026.
This enables these new prospective filings to offer more of an unfiltered view of each sector. Advisors and investors who are particularly interested in these sectors could find such an approach highly appealing.
“Investors have long turned to State Street for sector ETF exposure, as their funds have strong liquidity and the team provides top-down sector expertise,” said Todd Rosenbluth, head of research at VettaFi.
Many of State Street’s existing sector ETF approaches see strong interest from the broader investing community. For instance, XLK has over $118 billion in assets under management, as of July 15, 2026.
For more news, information, and analysis, visit our Sector Investing Content Hub.
