ARCX · Active · options-income

State Street Energy 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 -8.0%

The State Street Energy 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 Energy sector securities (directly or through the State Street Energy Select Sector SPDR ETF) and investments that produce premium income. It achieves this by investing in shares of the Underlying Select Sector Fund and systematically selling (writing) call options on that underlying ETF to generate additional income. The Underlying Select Sector Fund tracks the Energy Select Sector Index, which includes S&P 500 Energy companies as identified by GICS. The Fund may also invest directly in Energy company equities and use futures contracts for investment purposes.

The Fund systematically sells (writes) call option contracts with expirations of less than one year, typically approximately one to two months, to generate incremental premium income. Strike prices are set using delta-based optimization to balance income generation with potential for price appreciation on the underlying equity portfolio. The Adviser typically rolls short options positions before expiration, and the Fund may hold options with different strike prices simultaneously.

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. 0% — the fund is covering its payout without eroding NAV.

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

The Fund intends to make distributions that may be taxed as ordinary income, qualified dividend income, and/or capital gains. Some distributions may be treated as a return of capital for tax purposes. Frequent selling of call options may result in increased distributions, including distributions taxable as ordinary income (short-term capital gains).

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $25.20 is above the 200-day SMA ($23.84); 50-day SMA $26.18. 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 ~$1.3M (adequate). 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 ($)