SPDR S&P Oil & Gas Exploration & Production (XOP)
XOP: SPDR S&P Oil & Gas Exploration & Production
The investment seeks to replicate as closely as possible, before expenses, the performance of an index derived from the oil and gas exploration and production segment of a U.S. total market composite index. The fund uses a passive management strategy to track the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The index is derived from the oil and gas exploration and production portion of the S&P Total Market Index. It is an equal weighted market cap index. The fund is non-diversified.
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