State Street Technology Select Sector SPDR ETF

There is a conflict between the earlier requirement to always use tools and the new instruction that tools cannot be used for this turn, so the newer instruction must take priority. State Street Technology Select Sector SPDR ETF on the Hamburg Stock Exchange with ticker SD7T is the German-traded listing of the U.S. Technology Select Sector SPDR Fund (commonly known by U.S. ticker XLK), which tracks large‑cap U.S. technology and related companies. It is organized as an exchange-traded fund that aims to mirror the performance of the technology sector segment of the S&P 500, giving investors diversified exposure to major U.S. tech names in a single security. ## Asset basics - **Structure**: Exchange-traded fund (ETF) that holds a basket of U.S. technology and communication services stocks, rather than being a single company share. - **Objective**: Seeks to correspond, before fees and expenses, to the performance of a technology-focused index derived from the S&P 500, concentrating on information technology and a small allocation to communication services. ## Underlying exposure - **Sector focus**: Primarily U.S. information technology companies (semiconductors, software, hardware, IT services) with a minor allocation to communication services names tied to technology. - **Top holdings (indirectly via the ETF)**: Typically includes large positions in Nvidia, Apple, Microsoft, Broadcom and other major U.S. tech firms, so performance is heavily influenced by these mega‑cap stocks. ## Trading on Hamburg (SD7T) - **Local listing**: SD7T is the identifier used for trading the ETF on the Hamburg Stock Exchange; prices are quoted and traded during that venue’s local trading hours, even though the underlying portfolio consists of U.S. securities. - **Currency and pricing**: While the underlying fund is U.S.-domiciled and referenced in U.S. dollars, the Hamburg listing may trade in euros, and its intraday price will reflect both movements in the underlying U.S. technology stocks and changes in the EUR/USD exchange rate. ## Income and distributions - **Dividends**: The ETF distributes dividends collected from its underlying holdings, typically on a quarterly schedule, with a forward dividend yield that is generally modest compared with broad-market or high‑dividend funds, reflecting the growth‑oriented nature of technology companies. - **Use case**: More commonly used as a vehicle for growth and sector bets on technology rather than as a primary income source, although distributions can provide some supplemental cash flow to investors. If you share what specifically you want to know next (e.g., fees, risks, or how it compares to another ETF), a more targeted explanation can be provided.