SPDR S&P Software & Services ETF (XSW US) - Portfolio Construction Methodology

Group 1 - The SPDR S&P Software & Services ETF (XSW US) targets U.S. companies classified in Application Software, Systems Software, IT Consulting & Other Services, and Interactive Home Entertainment [1] - Eligibility for inclusion in the index requires a float-adjusted market cap of at least USD 500 million and a liquidity ratio of at least 90% over 12 months, with stricter criteria for companies with a market cap between USD 400 million and USD 500 million [1] - The index employs a modified equal-weight scheme with a maximum single-name cap of 4.5% and rebalances quarterly, with membership reviewed at each rebalance [1]