ARCX · Active · options-income

State Street Real Estate Select Sector SPDR Premium Income ETF

SSGA Funds Management, Inc. (State Street)

Weighted score · 3.20 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · — ROC

Expense Ratio

0.35% gross

1Y Return

vs underlying

Sharpe

Max DD -7.1%

The State Street Real Estate 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 Real Estate company securities (directly or via the State Street Real Estate Select Sector SPDR ETF, the Underlying Select Sector Fund) and investments that produce premium income. It generates additional income by systematically selling (writing) call options on the Underlying Select Sector Fund with expirations typically of one to two months. Strike prices are set using option delta to balance income generation with potential for price appreciation. The Adviser rolls short options positions before expiration based on market and liquidity conditions.

The Fund systematically sells (writes) call options on the Underlying Select Sector Fund with expirations of less than one year, typically one to two months. Strike prices are set using option delta to balance premium income with upside participation. The Adviser rolls short options positions before expiration and may hold options at different strike prices simultaneously; listed options or FLEX Options 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

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. Certain capital gain dividends from U.S. REITs may be taxable to noncorporate shareholders at rates other than the generally applicable reduced rates. Frequent selling of call options may result in increased distributions, potentially taxable as ordinary income.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $23.33 is above the 200-day SMA ($22.77); 50-day SMA $23.41. 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 ~0.05% (very tight). 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 ($)