Share-split context: A forward split was recorded on Sep 11, 2015 with coefficient 2. A forward split turns each old share into multiple new shares and lowers the quoted price per share proportionally. Proportional ownership is unchanged at the split moment, so the split itself creates neither a gain nor a loss. The price-return figures in this report are already split-adjusted.

What this ETF is trying to do

The STATE STREET(R) SPDR(R) S&P(R) TRANSPORTATION ETF (XTN) focuses on companies in the transportation industry. This includes businesses that move people and goods. Based on its top holdings, the fund invests in companies like Lyft, Uber, Union Pacific Corp, and United Airlines Holdings Inc.

What the numbers show

As of October 7, 2026, the share price was $99.01. This ETF has a history of "forward splits." For example, on September 11, 2015, it had a 2-for-1 split. In a forward split, each old share becomes multiple new shares, and the price per share drops proportionally. This does not create a gain or a loss; it just changes the number of shares an investor owns.

Because of this split history, we look at split-adjusted returns to see how the fund performed:

• Year-to-Date (YTD): The price return was 8.36%, and the total return was 8.94%.

• One Year: The price return was 17.07%, and the total return was 17.97%.

• Three Year: The price return was 33.47%, and the total return was 36.90%.

Price return only measures the change in the share price. Total return is a different measure that includes the distributions paid out to investors.

Income and distribution explanation

This ETF usually pays distributions quarterly. Over the last 12 months, it paid out four times. The distribution yield is approximately 0.75%.

It is important for beginners to know that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment value will stay the same.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets drops over time. StockValueFinder uses an erosion-risk score to measure this. XTN has an erosion score of 100, and the label states "No price erosion detected." The severe erosion-risk flag is false, meaning the fund's price trend did not trigger a warning.

Pros

• Positive Returns: The fund has shown positive price and total returns over the last one and three years.

• Low Erosion Risk: The erosion-risk score is high, and no severe erosion risk was flagged.

Cons

• Low Yield: The distribution yield is relatively low at 0.75%, which may be less attractive to investors seeking high current income.

Beginner takeaway

XTN provides exposure to the transportation sector. It has grown in both price and total return over the short and medium term. While it pays some cash income, its primary growth has come from the increase in share price rather than high distributions.