ARCX · Active · options-income

State Street Materials Select Sector SPDR Premium Income ETF

SSGA Funds Management, Inc.

Weighted score · 4.00 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · — ROC

Expense Ratio

0.35% gross

1Y Return

vs underlying

Sharpe

Max DD -10.6%

The State Street Materials Select Sector SPDR Premium Income ETF seeks to provide current income while maintaining prospects for long term growth of capital..

The Fund invests at least 80% of its net assets in a combination of securities of Materials companies (directly or through the Underlying Select Sector Fund) and investments that produce premium income. It achieves this by investing in shares of the State Street Materials Select Sector SPDR ETF and systematically selling (writing) call options on that underlying ETF to generate additional income. Call options sold typically have expirations of less than one year (approximately one to two months), with strike prices set using delta-based optimization to balance income generation and price appreciation potential. The Fund may also invest directly in equity securities of Materials companies and use futures contracts.

The Fund systematically sells (writes) call option contracts on the Underlying Select Sector Fund with expirations of less than one year (typically one to two months) to generate premium income. Strike prices are set based on option delta to balance income and upside participation, and positions are typically rolled before expiration. Listed Options or FLEX Options guaranteed by the OCC may be utilized.

NAV HISTORY · JUL '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

Distributions may be taxed as ordinary income, qualified dividend income, and/or capital gains. Some distributions may be treated as return of capital. Frequent selling of call options may result in increased distributions taxable as ordinary income (short-term capital gains). Certain capital gain dividends from U.S. REITs may be taxable at rates other than generally applicable reduced rates.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $24.26 is above the 200-day SMA ($22.80); 50-day SMA $23.78. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.21% (moderate). Average daily dollar volume ~$0.2M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)