Select Sector SPDR Funds are a group of exchange-traded funds (ETFs) designed to track specific sectors of the S&P 500 Index. Each fund focuses on a particular industry, such as technology, healthcare, or financials, allowing investors to gain targeted exposure to those sectors. These funds are managed by State Street Global Advisors and provide a way for investors to diversify their portfolios. By investing in Select Sector SPDR Funds, individuals can easily adjust their investment strategies based on market trends and sector performance without needing to buy individual stocks.