ARCX · Active · options-income

State Street Industrial Select Sector SPDR Premium Income Fund

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 -10.1%

The State Street Industrial 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 net assets in a combination of Industrial sector securities (via the State Street Industrial Select Sector SPDR ETF as an underlying fund) and investments that produce premium income. It gains equity exposure by holding shares of the Underlying Select Sector Fund, which tracks the Industrial Select Sector Index. To generate additional income, the Fund systematically sells (writes) call options on the Underlying Select Sector Fund with expirations typically of one to two months, using delta-based strike price selection to balance income and upside participation. The Adviser rolls short options positions before expiration based on market and liquidity conditions.

The Fund sells (writes) call option contracts with expirations of less than one year, typically one to two months, on the Underlying Select Sector Fund to generate premium income. Strike prices are set using an option's delta to balance income generation and potential price appreciation. The Adviser rolls short options positions before expiration, and the Fund may hold multiple options with different strike prices simultaneously; both listed options and FLEX Options may be used.

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

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 due to short-term capital gain recognition.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $25.99 is above the 200-day SMA ($23.69); 50-day SMA $24.82. 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 ~0.22% (moderate). Average daily dollar volume ~$0.1M (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 ($)