Materials Select Sector SPDR Fund
Tracks Materials Select Sector Index
The four numbers that price an ETF.
What the ETF actually owns.
From the most recent SEC N-PORT filing. The top-10 weight tells you how concentrated the fund is — broad-market trackers run 25-30%, single-theme funds often 50-70%.
| # | Holding | Weight | Value (USD) | Asset class |
|---|---|---|---|---|
| 1 | Linde PLC | 14.42% | $943 M | EC |
| 2 | Newmont Corp | 7.36% | $481 M | EC |
| 3 | Freeport-McMoRan Inc | 5.26% | $344 M | EC |
| 4 | Corteva Inc | 4.75% | $311 M | EC |
| 5 | Air Products and Chemicals Inc | 4.67% | $305 M | EC |
| 6 | Sherwin-Williams Co/The | 4.60% | $301 M | EC |
| 7 | CRH PLC | 4.51% | $295 M | EC |
| 8 | Vulcan Materials Co | 4.51% | $295 M | EC |
| 9 | Martin Marietta Materials Inc | 4.40% | $288 M | EC |
| 10 | Nucor Corp | 4.39% | $287 M | EC |
| 11 | Ecolab Inc | 4.29% | $280 M | EC |
| 12 | Dow Inc | 3.75% | $245 M | EC |
| 13 | Steel Dynamics Inc | 3.10% | $203 M | EC |
| 14 | PPG Industries Inc | 3.01% | $197 M | EC |
| 15 | Albemarle Corp | 2.65% | $173 M | EC |
| 16 | Smurfit Westrock PLC | 2.61% | $171 M | EC |
| 17 | LyondellBasell Industries NV | 2.60% | $170 M | EC |
| 18 | CF Industries Holdings Inc | 2.54% | $166 M | EC |
| 19 | Packaging Corp of America | 2.38% | $155 M | EC |
| 20 | International Paper Co | 2.36% | $155 M | EC |
| 21 | DuPont de Nemours Inc | 2.35% | $154 M | EC |
| 22 | International Flavors & Fragrances Inc | 2.33% | $152 M | EC |
| 23 | Amcor PLC | 2.30% | $151 M | EC |
| 24 | Ball Corp | 1.99% | $130 M | EC |
| 25 | Avery Dennison Corp | 1.67% | $109 M | EC |
What we measure and what we leave out.
Data sources: SEC EDGAR N-PORT filings (holdings + filing-date timestamp); issuer fact sheets for expense ratio + AUM + inception; Yahoo Finance for daily NAV.
Expense ratio is the single biggest forward predictor of long-horizon performance. A 0.03% expense ratio compounds to a fundamentally different outcome than a 0.95% expense ratio over 25 years — even if the underlying index is identical.
Concentration risk lives in the top-10 weight. For broad-market trackers (VOO, VTI, SPY) the top-10 sits around 28-32%. For thematic funds — semiconductors, AI, cannabis — top-10 often crosses 60%. A "sector tilt" with 60% in 10 names is closer to active stock-picking than passive index exposure.
LRS + tax for Indian investors: US-listed ETFs are securities for Indian-tax purposes — held > 24 months = LTCG @ 12.5%, ≤ 24 months = slab-rate STCG. Distributions are dividends taxed at slab rates (US withholds 25%, creditable via DTAA). LRS USD 250,000 / FY cap applies to each remittance.
India-listed alternative: for S&P 500 / NASDAQ-100 exposure without LRS friction, see India-listed ETFs at /etfs/ (Motilal Oswal, Mirae, Nippon, etc. variants). Higher TER but no LRS hassle and INR-settled.
What this page does not model: tracking error vs underlying index, premium/discount to NAV, bid-ask spread on-exchange, currency-hedged variants (e.g. JPST-hedged), securities lending revenue (which subsidises some expense ratios).
ETF NAVs, tracking error and AUM are computed from AMFI disclosures. ETFs are subject to market risk and tracking-error risk. MintByte is an AMFI-registered mutual fund distributor (ARN-314872). MintByte does not issue buy/sell recommendations on specific securities — the site is an educational data and analytics platform. Not investment advice. Methodology · How we earn.