State Street Global Advisors on Thursday announced it has expanded its lineup of SPDR exchange-traded funds with the launch of the Financial Services Select Sector SPDR Fund (XLFS) and the Real Estate Select Sector SPDR Fund (XLRE).

The two funds are the first new Select Sector SPDRs since this suite of ETFs began trading in 1998. Select Sector SPDRs are a subset of State Street’s broad SPDR ETF family of funds, which includes the bellwether SPDR S&P 500 (SPY) fund that launched in 1993. The Select Sector SPDR category now comprises 11 funds based on specific industry sectors within the S&P 500 index, with collective assets of $84.3 billion as of September 30.

The Financial Services Select Sector SPDR Fund tracks an index that entails diversified financial services, insurance, banks, capital markets, consumer finance, thrifts and mortgage real estate investment trusts (REITs).

The underlying index of the Real Estate Select Sector SPDR Fund includes real estate management, development and REITs, other than mortgage REITs.

As part of the launch of the XLFS and XLRE funds, State Street announced it has trimmed the expense ratios for the entire Select Sector SPDR ETF group from 0.15 percent to 0.14 percent.