State Street® SPDR® S&P® Health Care Equipment ETF

What this fund is

State Street® SPDR® S&P® Health Care Equipment ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker XHE (ISIN US78464A5810). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. At its core it is a focused, thematic fund: it concentrates on the health care part of the market, so it lives or dies by that one area rather than the economy as a whole. Underneath, it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't. Rather than a manager picking stocks, it simply replicates the S&P Health Care Equipment Select Industry Index index — the passive, low-cost approach, and its largest holdings include BUTTERFLY NETWORK INC, QUIDELORTHO CORP and GLAUKOS CORP.

Spread across roughly 70 holdings (the ten largest ≈ 19%), no one position makes or breaks the fund. Its heaviest sectors are ~78.3% Health Care and ~8.2% Consumer Staples. A focused fund like this is typically held as a smaller 'satellite' position around a broader core — a way to lean into one theme, not usually a portfolio's only holding. Its ongoing charge (TER) is 0.35% a year — about €35 a year on a €10,000 holding, taken automatically from the fund. It holds the underlying investments directly (physical replication); it is domiciled in the United States and trades in USD.

Its price has swung about 22.5% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2011. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from SPDR.)