{
 "ok": true,
 "schema": "pops4.edgar.etf/1",
 "ticker": "XLB",
 "actuarial": {
  "top10Weight": 58.4,
  "effectiveHoldings": 18.7,
  "largestSector": {
   "name": "Materials",
   "shareOfChecked": 84.1
  },
  "sectorMix": [
   {
    "name": "Materials",
    "weight": 78.6,
    "shareOfChecked": 84.1
   },
   {
    "name": "Industrials & services",
    "weight": 9.9,
    "shareOfChecked": 10.6
   },
   {
    "name": "Consumer",
    "weight": 4.9,
    "shareOfChecked": 5.3
   }
  ],
  "revenueRange": {
   "weightedHalfWidth": 15.7,
   "coverage": 20.6,
   "meaning": "weighted average half-width of Edgarette’s 80% revenue ranges (method v4.1, tested on an unseen year) for the holdings she covers; wider = harder to predict"
  },
  "warningShare": 20.5,
  "checkedShare": 93.4,
  "speedCash": {
   "coverage": 93.4,
   "cashConversion": 18.8,
   "growth3y": 1.2,
   "dividendPayers": 100,
   "dividendRaisers": 70.8,
   "equityRatio": 43.8,
   "liabilitiesOverAssets": 0,
   "quadrants": {
    "fs": 0,
    "ss": 52.9,
    "fj": 9.7,
    "sj": 37.4
   },
   "compass": {
    "now": 47.9,
    "later": 10.5,
    "notyet": 0,
    "steady": 9.3,
    "fading": 26.8,
    "between": 5.5
   },
   "meaning": "weighted by the fund’s holdings, from each company’s own audited filings (SEC XBRL, fiscal 2025); shares are of the covered weight"
  },
  "harbor": {
   "signs": [
    {
     "key": "warning",
     "text": "20.5% of the fund in companies with warning filings"
    },
    {
     "key": "slowjumpy",
     "text": "37.4% slow and jumpy"
    }
   ],
   "rule": "Boat condition = number of warning signs: warning filings ≥ 5% of the fund; liabilities over assets ≥ 10%; slow and jumpy ≥ 30%; top 10 ≥ 60%; revenue ranges ≥ ±20%.",
   "level": 2,
   "name": "Weathered boat",
   "plain": "two warning signs"
  }
 },
 "risks": [
  "Concentrated: the 10 largest holdings are 58.4% of the fund.",
  "Behaves like about 19 equal holdings (effective number), so a few companies drive the result.",
  "Sector concentration: 84.1% of the checked holdings are Materials.",
  "20.5% of the fund is in companies that filed warning events in the last 12 months.",
  "37.4% of the covered fund is slow and jumpy: growing slower than peers with revenue that swings more.",
  "Holdings are as of 2026-06-30; the fund may have changed since."
 ],
 "fund": "State Street(R) Materials Select Sector SPDR(R) ETF",
 "trust": "SELECT SECTOR SPDR TRUST",
 "asOf": "2026-06-30",
 "filed": "2026-08-28",
 "source": {
  "holdingsReport": "https://www.sec.gov/Archives/edgar/data/1064641/000141036826089261/0001410368-26-089261-index.htm",
  "form": "N-PORT-P"
 },
 "holdings": {
  "all": 31,
  "stocks": 26,
  "stockWeight": 99.8,
  "matchedWeight": 93.4
 },
 "healthWatch": {
  "checked": {
   "holdings": 24,
   "weight": 93.4,
   "rule": "the 100 largest stock holdings matched to an SEC filer"
  },
  "flaggedWeight": 20.5,
  "flaggedMeaning": "share of the fund in checked holdings that filed a late-filing notice, bankruptcy, debt trigger, non-reliance, auditor change, restructuring, impairment or cyber incident in the last 12 months (leadership changes and listing notices or transfers are listed but not counted)",
  "bySignal": [
   {
    "code": "5.02",
    "label": "Director or officer change",
    "holdings": 24,
    "weight": 93.4
   },
   {
    "code": "2.06",
    "label": "Material impairment",
    "holdings": 4,
    "weight": 10.5
   },
   {
    "code": "2.05",
    "label": "Restructuring or exit costs",
    "holdings": 3,
    "weight": 10.2
   },
   {
    "code": "4.01",
    "label": "Auditor change",
    "holdings": 1,
    "weight": 2.7
   },
   {
    "code": "2.04",
    "label": "Debt accelerated or triggered",
    "holdings": 1,
    "weight": 0.9
   }
  ]
 },
 "top": [
  {
   "name": "Linde PLC",
   "cik": 1707925,
   "ticker": "LIN",
   "pct": 14.06,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-09-29",
      "url": "https://www.sec.gov/Archives/edgar/data/1707925/000165495425011182/0001654954-25-011182-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Newmont Corp",
   "cik": 1164727,
   "ticker": "NEM",
   "pct": 5.843,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-08-20",
      "url": "https://www.sec.gov/Archives/edgar/data/1164727/000110465926099237/0001104659-26-099237-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Freeport-McMoRan Inc",
   "cik": 831259,
   "ticker": "FCX",
   "pct": 5.298,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-03-23",
      "url": "https://www.sec.gov/Archives/edgar/data/831259/000083125926000018/0000831259-26-000018-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "rangeHalfWidth": 17.9,
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Corteva Inc",
   "cik": 1755672,
   "ticker": "CTVA",
   "pct": 4.958,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-06-29",
      "url": "https://www.sec.gov/Archives/edgar/data/1755672/000119312526288755/0001193125-26-288755-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "rangeHalfWidth": 17.9,
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Sherwin-Williams Co/The",
   "cik": 89800,
   "ticker": "SHW",
   "pct": 4.939,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-11-03",
      "url": "https://www.sec.gov/Archives/edgar/data/89800/000008980025000128/0000089800-25-000128-index.htm"
     }
    }
   ],
   "sector": "Consumer",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Ecolab Inc",
   "cik": 31462,
   "ticker": "ECL",
   "pct": 4.726,
   "signals": [
    {
     "code": "2.05",
     "label": "Restructuring or exit costs",
     "count": 1,
     "latest": {
      "filed": "2026-02-10",
      "url": "https://www.sec.gov/Archives/edgar/data/31462/000110465926012358/0001104659-26-012358-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-05-11",
      "url": "https://www.sec.gov/Archives/edgar/data/31462/000110465926058710/0001104659-26-058710-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Vulcan Materials Co",
   "cik": 1396009,
   "ticker": "VMC",
   "pct": 4.716,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-05-11",
      "url": "https://www.sec.gov/Archives/edgar/data/1396009/000114036126020591/0001140361-26-020591-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "sj",
   "compass": "between"
  },
  {
   "name": "CRH PLC",
   "cik": null,
   "ticker": null,
   "pct": 4.665
  },
  {
   "name": "Air Products and Chemicals Inc",
   "cik": 2969,
   "ticker": "APD",
   "pct": 4.622,
   "signals": [
    {
     "code": "2.06",
     "label": "Material impairment",
     "count": 1,
     "latest": {
      "filed": "2026-06-30",
      "url": "https://www.sec.gov/Archives/edgar/data/2969/000119312526289427/0001193125-26-289427-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-11-25",
      "url": "https://www.sec.gov/Archives/edgar/data/2969/000119312525297255/0001193125-25-297255-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "sj"
  },
  {
   "name": "Martin Marietta Materials Inc",
   "cik": 916076,
   "ticker": "MLM",
   "pct": 4.547,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-08-24",
      "url": "https://www.sec.gov/Archives/edgar/data/916076/000095015726000946/0000950157-26-000946-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "rangeHalfWidth": 12.5,
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Nucor Corp",
   "cik": 73309,
   "ticker": "NUE",
   "pct": 3.876,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-03-03",
      "url": "https://www.sec.gov/Archives/edgar/data/73309/000119312526086912/0001193125-26-086912-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Steel Dynamics Inc",
   "cik": 1022671,
   "ticker": "STLD",
   "pct": 3.728,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-08-04",
      "url": "https://www.sec.gov/Archives/edgar/data/1022671/000110465926090129/0001104659-26-090129-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "PPG Industries Inc",
   "cik": 79879,
   "ticker": "PPG",
   "pct": 3.618,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-04-28",
      "url": "https://www.sec.gov/Archives/edgar/data/79879/000007987926000164/0000079879-26-000164-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "ss",
   "compass": "steady"
  },
  {
   "name": "Smurfit Westrock PLC",
   "cik": 2005951,
   "ticker": "SW",
   "pct": 3.247,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-02-27",
      "url": "https://www.sec.gov/Archives/edgar/data/2005951/000110465926020975/0001104659-26-020975-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Packaging Corp of America",
   "cik": 75677,
   "ticker": "PKG",
   "pct": 2.823,
   "signals": [
    {
     "code": "2.05",
     "label": "Restructuring or exit costs",
     "count": 1,
     "latest": {
      "filed": "2025-12-04",
      "url": "https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm"
     }
    },
    {
     "code": "2.06",
     "label": "Material impairment",
     "count": 1,
     "latest": {
      "filed": "2025-12-04",
      "url": "https://www.sec.gov/Archives/edgar/data/75677/000119312525307535/0001193125-25-307535-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-03-03",
      "url": "https://www.sec.gov/Archives/edgar/data/75677/000119312526087363/0001193125-26-087363-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "International Flavors & Fragrances Inc",
   "cik": 51253,
   "ticker": "IFF",
   "pct": 2.707,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-10-22",
      "url": "https://www.sec.gov/Archives/edgar/data/51253/000114036125038926/0001140361-25-038926-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "ss",
   "compass": "steady"
  },
  {
   "name": "International Paper Co",
   "cik": 51434,
   "ticker": "IP",
   "pct": 2.7,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-07-17",
      "url": "https://www.sec.gov/Archives/edgar/data/51434/000005143426000112/0000051434-26-000112-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Amcor PLC",
   "cik": 1748790,
   "ticker": "AMCR",
   "pct": 2.682,
   "signals": [
    {
     "code": "4.01",
     "label": "Auditor change",
     "count": 1,
     "latest": {
      "filed": "2026-08-14",
      "url": "https://www.sec.gov/Archives/edgar/data/1748790/000110465926096303/0001104659-26-096303-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-06-15",
      "url": "https://www.sec.gov/Archives/edgar/data/1748790/000110465926073800/0001104659-26-073800-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Dow Inc",
   "cik": 1751788,
   "ticker": "DOW",
   "pct": 2.639,
   "signals": [
    {
     "code": "2.05",
     "label": "Restructuring or exit costs",
     "count": 1,
     "latest": {
      "filed": "2026-01-29",
      "url": "https://www.sec.gov/Archives/edgar/data/1751788/000175178826000009/0001751788-26-000009-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-04-14",
      "url": "https://www.sec.gov/Archives/edgar/data/1751788/000119312526153769/0001193125-26-153769-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "rangeHalfWidth": 16.5,
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "DuPont de Nemours Inc",
   "cik": 1666700,
   "ticker": "DD",
   "pct": 2.48,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-04-15",
      "url": "https://www.sec.gov/Archives/edgar/data/1666700/000166670026000025/0001666700-26-000025-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "sj"
  },
  {
   "name": "CF Industries Holdings Inc",
   "cik": 1324404,
   "ticker": "CF",
   "pct": 2.226,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-09-03",
      "url": "https://www.sec.gov/Archives/edgar/data/1324404/000110465926105054/0001104659-26-105054-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Ball Corp",
   "cik": 9389,
   "ticker": "BALL",
   "pct": 2.223,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-09-09",
      "url": "https://www.sec.gov/Archives/edgar/data/9389/000110465926106140/0001104659-26-106140-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "rangeHalfWidth": 10.6,
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Albemarle Corp",
   "cik": 915913,
   "ticker": "ALB",
   "pct": 2.131,
   "signals": [
    {
     "code": "2.06",
     "label": "Material impairment",
     "count": 1,
     "latest": {
      "filed": "2025-10-27",
      "url": "https://www.sec.gov/Archives/edgar/data/915913/000091591325000153/0000915913-25-000153-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 8,
     "latest": {
      "filed": "2026-09-03",
      "url": "https://www.sec.gov/Archives/edgar/data/915913/000114036126035623/0001140361-26-035623-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "LyondellBasell Industries NV",
   "cik": null,
   "ticker": null,
   "pct": 1.819
  },
  {
   "name": "Avery Dennison Corp",
   "cik": 8818,
   "ticker": "AVY",
   "pct": 1.662,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-06-04",
      "url": "https://www.sec.gov/Archives/edgar/data/8818/000000881826000116/0000008818-26-000116-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "quadrant": "ss",
   "compass": "steady"
  },
  {
   "name": "Mosaic Co/The",
   "cik": 1285785,
   "ticker": "MOS",
   "pct": 0.901,
   "signals": [
    {
     "code": "2.04",
     "label": "Debt accelerated or triggered",
     "count": 1,
     "latest": {
      "filed": "2026-08-28",
      "url": "https://www.sec.gov/Archives/edgar/data/1285785/000128578526000122/0001285785-26-000122-index.htm"
     }
    },
    {
     "code": "2.06",
     "label": "Material impairment",
     "count": 1,
     "latest": {
      "filed": "2026-04-08",
      "url": "https://www.sec.gov/Archives/edgar/data/1285785/000128578526000058/0001285785-26-000058-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-09-25",
      "url": "https://www.sec.gov/Archives/edgar/data/1285785/000128578526000125/0001285785-26-000125-index.htm"
     }
    }
   ],
   "sector": "Materials",
   "rangeHalfWidth": 17.9,
   "quadrant": "sj",
   "compass": "fading"
  }
 ],
 "notes": [
  "Holdings are as the fund reported them to the SEC for 2026-06-30; N-PORT is made public about 60 days after quarter end.",
  "Only common-stock holdings are read; cash, securities-lending collateral and derivatives are left out.",
  "Sectors come from each company’s SEC industry code (SIC), grouped broadly; they can differ from an index provider’s sector labels.",
  "Display only: this describes what the fund holds, it is not a rating of the fund and not investment advice."
 ],
 "license": "CC BY 4.0, POPS4. Holdings are the fund’s own SEC filing.",
 "refreshedAt": "2026-09-26T15:35:54.663Z"
}