- What does XLBI invest in?
- The Select Sector SPDR Trust - State Street Materials Select Sector SPDR Premium Income ETF, identified by its symbol XLBI, is an investment vehicle traded on public exchanges. Managed by SSGA Funds Management, Inc., this fund targets the U.S. equity market, concentrating its investments on major corporations within the materials sector. It allocates capital across a mix of growth-oriented and value-focused large-cap stocks. The fund employs diverse investment strategies, including direct stock ownership, allocations to other funds, and the use of financial derivatives. A core component of its portfolio strategy involves leveraging options contracts that track the performance of The Materials Select Sector SPDR Fund. This U.S.-domiciled ETF was established on July 29, 2025.
- What is the expense ratio of XLBI?
- State Street Materials Select Sector SPDR Premium Income ETF (XLBI) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.
- What is XLBI's distribution yield?
- XLBI's trailing-twelve-month yield is 15.22%, calculated from the sum of distributions over the past year divided by the current price.
- How does XLBI's covered-call strategy work?
- XLBI sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is XLBI?
- State Street Materials Select Sector SPDR Premium Income ETF (XLBI) manages $8.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is XLBI actively managed or an index fund?
- XLBI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
