Consumer Discretionary Sector SPDR.. (XLY)

The Consumer Discretionary Select Sector SPDR Fund is an exchange-traded fund (ETF) that tracks the performance of the Consumer Discretionary Select Sector Index. This fund uses a replication strategy, which means it invests in almost all the securities that make up the index, with a minimum of 95% of its total assets.

The index is comprised of companies that are classified as Consumer Discretionary by the Global Industry Classification Standard (GICS). This means the fund holds a diverse range of companies that operate in industries such as retail, entertainment, and leisure, among others. Think of companies like Amazon, McDonald's, and Disney - they're all part of the Consumer Discretionary sector.

As a non-diversified fund, the Consumer Discretionary Select Sector SPDR Fund can invest a significant portion of its assets in a particular security or industry, which may increase its risk profile. However, this also means the fund can take advantage of opportunities in specific areas of the Consumer Discretionary sector.

For more information about the fund, you can visit the website of State Street Global Advisors, the fund's sponsor, at http://www.spdrs.com. The fund is domiciled in the United States and listed on the NYSE Arca exchange under the ticker symbol XLY.