{
 "ok": true,
 "schema": "pops4.edgar.etf/1",
 "ticker": "XLRE",
 "actuarial": {
  "top10Weight": 59.1,
  "effectiveHoldings": 20.2,
  "largestSector": {
   "name": "Real estate & trusts",
   "shareOfChecked": 98.7
  },
  "sectorMix": [
   {
    "name": "Real estate & trusts",
    "weight": 93.1,
    "shareOfChecked": 98.7
   },
   {
    "name": "Industrials & services",
    "weight": 1.2,
    "shareOfChecked": 1.3
   }
  ],
  "revenueRange": {
   "weightedHalfWidth": 13.4,
   "coverage": 21.7,
   "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": 4.4,
  "checkedShare": 94.3,
  "speedCash": {
   "coverage": 94.3,
   "cashConversion": 46.4,
   "growth3y": 10.3,
   "dividendPayers": 77.6,
   "dividendRaisers": 69.6,
   "equityRatio": 38.4,
   "liabilitiesOverAssets": 9.8,
   "quadrants": {
    "fs": 56.4,
    "ss": 11.8,
    "fj": 26.3,
    "sj": 5.5
   },
   "compass": {
    "now": 43.3,
    "later": 30.8,
    "notyet": 4.3,
    "steady": 2.1,
    "fading": 5.5,
    "between": 14.1
   },
   "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": [],
   "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": 0,
   "name": "New ship",
   "plain": "no warning signs"
  }
 },
 "risks": [
  "Concentrated: the 10 largest holdings are 59.1% of the fund.",
  "Behaves like about 20 equal holdings (effective number), so a few companies drive the result.",
  "Sector concentration: 98.7% of the checked holdings are Real estate & trusts.",
  "Holdings are as of 2026-06-30; the fund may have changed since."
 ],
 "fund": "State Street(R) Real Estate 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/1064641/000141036826089191/0001410368-26-089191-index.htm",
  "form": "N-PORT-P"
 },
 "holdings": {
  "all": 34,
  "stocks": 31,
  "stockWeight": 99.5,
  "matchedWeight": 94.3
 },
 "healthWatch": {
  "checked": {
   "holdings": 29,
   "weight": 94.3,
   "rule": "the 100 largest stock holdings matched to an SEC filer"
  },
  "flaggedWeight": 4.4,
  "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": 25,
    "weight": 87.6
   },
   {
    "code": "2.05",
    "label": "Restructuring or exit costs",
    "holdings": 1,
    "weight": 3.4
   },
   {
    "code": "2.06",
    "label": "Material impairment",
    "holdings": 1,
    "weight": 1
   }
  ]
 },
 "top": [
  {
   "name": "Welltower Inc",
   "cik": 766704,
   "ticker": "WELL",
   "pct": 11.006,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-10-27",
      "url": "https://www.sec.gov/Archives/edgar/data/766704/000119312525251787/0001193125-25-251787-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Prologis Inc",
   "cik": 1045609,
   "ticker": "PLD",
   "pct": 8.676,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-07-01",
      "url": "https://www.sec.gov/Archives/edgar/data/1045609/000119312526291634/0001193125-26-291634-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Equinix Inc",
   "cik": 1101239,
   "ticker": "EQIX",
   "pct": 7.062,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 7,
     "latest": {
      "filed": "2026-07-14",
      "url": "https://www.sec.gov/Archives/edgar/data/1101239/000110123926000131/0001101239-26-000131-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "American Tower Corp",
   "cik": 1053507,
   "ticker": "AMT",
   "pct": 5.235,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 6,
     "latest": {
      "filed": "2026-09-18",
      "url": "https://www.sec.gov/Archives/edgar/data/1053507/000105350726000145/0001053507-26-000145-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "rangeHalfWidth": 6.6,
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Simon Property Group Inc",
   "cik": 1063761,
   "ticker": "SPG",
   "pct": 4.982,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-03-24",
      "url": "https://www.sec.gov/Archives/edgar/data/1063761/000110465926033931/0001104659-26-033931-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "between"
  },
  {
   "name": "Realty Income Corp",
   "cik": 726728,
   "ticker": "O",
   "pct": 4.549,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-03-02",
      "url": "https://www.sec.gov/Archives/edgar/data/726728/000110465926022282/0001104659-26-022282-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Digital Realty Trust Inc",
   "cik": 1297996,
   "ticker": "DLR",
   "pct": 4.53,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-12-15",
      "url": "https://www.sec.gov/Archives/edgar/data/1297996/000110465925121124/0001104659-25-121124-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Public Storage",
   "cik": 1393311,
   "ticker": "PSA",
   "pct": 4.482,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-08-10",
      "url": "https://www.sec.gov/Archives/edgar/data/1393311/000119312526342525/0001193125-26-342525-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "rangeHalfWidth": 11.9,
   "quadrant": "fs",
   "compass": "between"
  },
  {
   "name": "Ventas Inc",
   "cik": 740260,
   "ticker": "VTR",
   "pct": 4.471,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 5,
     "latest": {
      "filed": "2026-09-15",
      "url": "https://www.sec.gov/Archives/edgar/data/740260/000110465926107921/0001104659-26-107921-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "rangeHalfWidth": 9.5,
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "CBRE Group Inc",
   "cik": 1138118,
   "ticker": "CBRE",
   "pct": 4.085,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-03-23",
      "url": "https://www.sec.gov/Archives/edgar/data/1138118/000119312526119981/0001193125-26-119981-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "notyet"
  },
  {
   "name": "Iron Mountain Inc",
   "cik": 1020569,
   "ticker": "IRM",
   "pct": 3.892,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-10-21",
      "url": "https://www.sec.gov/Archives/edgar/data/1020569/000102056925000195/0001020569-25-000195-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "later"
  },
  {
   "name": "Crown Castle Inc",
   "cik": 1051470,
   "ticker": "CCI",
   "pct": 3.423,
   "signals": [
    {
     "code": "2.05",
     "label": "Restructuring or exit costs",
     "count": 1,
     "latest": {
      "filed": "2026-02-04",
      "url": "https://www.sec.gov/Archives/edgar/data/1051470/000105147026000008/0001051470-26-000008-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-09-14",
      "url": "https://www.sec.gov/Archives/edgar/data/1051470/000105147026000081/0001051470-26-000081-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Extra Space Storage Inc",
   "cik": 1289490,
   "ticker": "EXR",
   "pct": 3.179,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-08-24",
      "url": "https://www.sec.gov/Archives/edgar/data/1289490/000128949026000058/0001289490-26-000058-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "VICI Properties Inc",
   "cik": 1705696,
   "ticker": "VICI",
   "pct": 3.005,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-09-08",
      "url": "https://www.sec.gov/Archives/edgar/data/1705696/000170569626000092/0001705696-26-000092-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "rangeHalfWidth": 26.4,
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "AvalonBay Communities Inc",
   "cik": null,
   "ticker": null,
   "pct": 2.715
  },
  {
   "name": "Equity Residential",
   "cik": null,
   "ticker": null,
   "pct": 2.399
  },
  {
   "name": "Essex Property Trust Inc",
   "cik": 920522,
   "ticker": "ESS",
   "pct": 1.941,
   "signals": [],
   "sector": "Real estate & trusts",
   "rangeHalfWidth": 19.4,
   "quadrant": "fs",
   "compass": "between"
  },
  {
   "name": "SBA Communications Corp",
   "cik": 1034054,
   "ticker": "SBAC",
   "pct": 1.938,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-03-27",
      "url": "https://www.sec.gov/Archives/edgar/data/1034054/000119312526129070/0001193125-26-129070-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "ss",
   "compass": "steady"
  },
  {
   "name": "Weyerhaeuser Co",
   "cik": 106535,
   "ticker": "WY",
   "pct": 1.788,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-05-20",
      "url": "https://www.sec.gov/Archives/edgar/data/106535/000010653526000003/0000106535-26-000003-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Kimco Realty Corp",
   "cik": 879101,
   "ticker": "KIM",
   "pct": 1.771,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-01-28",
      "url": "https://www.sec.gov/Archives/edgar/data/879101/000114036126002589/0001140361-26-002589-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Invitation Homes Inc",
   "cik": 1687229,
   "ticker": "INVH",
   "pct": 1.71,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-05-08",
      "url": "https://www.sec.gov/Archives/edgar/data/1687229/000119312526214709/0001193125-26-214709-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "rangeHalfWidth": 19.4,
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Mid-America Apartment Communities Inc",
   "cik": 912595,
   "ticker": "MAA",
   "pct": 1.675,
   "signals": [],
   "sector": "Real estate & trusts",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Host Hotels & Resorts Inc",
   "cik": 1070750,
   "ticker": "HST",
   "pct": 1.564,
   "signals": [],
   "sector": "Real estate & trusts",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Healthpeak Properties Inc",
   "cik": 765880,
   "ticker": "DOC",
   "pct": 1.528,
   "signals": [],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Regency Centers Corp",
   "cik": 910606,
   "ticker": "REG",
   "pct": 1.361,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-02-06",
      "url": "https://www.sec.gov/Archives/edgar/data/910606/000119312526041311/0001193125-26-041311-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "UDR Inc",
   "cik": 74208,
   "ticker": "UDR",
   "pct": 1.221,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-01-05",
      "url": "https://www.sec.gov/Archives/edgar/data/74208/000007420826000005/0000074208-26-000005-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "CoStar Group Inc",
   "cik": 1057352,
   "ticker": "CSGP",
   "pct": 1.196,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 5,
     "latest": {
      "filed": "2026-07-13",
      "url": "https://www.sec.gov/Archives/edgar/data/1057352/000105735226000054/0001057352-26-000054-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "fs",
   "compass": "later"
  },
  {
   "name": "Camden Property Trust",
   "cik": 906345,
   "ticker": "CPT",
   "pct": 1.19,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-08-31",
      "url": "https://www.sec.gov/Archives/edgar/data/906345/000162828026059610/0001628280-26-059610-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "BXP Inc",
   "cik": 1037540,
   "ticker": "BXP",
   "pct": 1.017,
   "signals": [
    {
     "code": "2.06",
     "label": "Material impairment",
     "count": 1,
     "latest": {
      "filed": "2026-05-29",
      "url": "https://www.sec.gov/Archives/edgar/data/1037540/000103754026000026/0001037540-26-000026-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-12-22",
      "url": "https://www.sec.gov/Archives/edgar/data/1037540/000103754025000027/0001037540-25-000027-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Federal Realty Investment Trust",
   "cik": 34903,
   "ticker": "FRT",
   "pct": 1.004,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-11-10",
      "url": "https://www.sec.gov/Archives/edgar/data/34903/000003490325000065/0000034903-25-000065-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "quadrant": "fs",
   "compass": "between"
  },
  {
   "name": "Alexandria Real Estate Equities Inc",
   "cik": 1035443,
   "ticker": "ARE",
   "pct": 0.857,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-01-12",
      "url": "https://www.sec.gov/Archives/edgar/data/1035443/000110465926002862/0001104659-26-002862-index.htm"
     }
    }
   ],
   "sector": "Real estate & trusts",
   "rangeHalfWidth": 13.2,
   "quadrant": "fj",
   "compass": "between"
  }
 ],
 "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": "2026-09-26T15:35:57.185Z"
}