- What does XLRI invest in?
- Managed by SSGA Funds Management, Inc., this exchange-traded fund (ETF) directs its capital towards publicly traded companies within the United States equity markets. Its core focus is on corporations operating across various real estate sectors. The fund employs a multifaceted investment strategy, which includes direct investments, allocations through other funds, and the use of derivative instruments. It specifically targets large-capitalization companies, seeking exposure to both growth and value stocks. A key element in building its portfolio involves utilizing derivatives, particularly options, whose performance is linked to The Real Estate Select Sector SPDR Fund. This ETF was established in the United States on July 29, 2025.
- What is the expense ratio of XLRI?
- State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.
- What is XLRI's distribution yield?
- XLRI's trailing-twelve-month yield is 14.31%, calculated from the sum of distributions over the past year divided by the current price.
- How does XLRI's covered-call strategy work?
- XLRI 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 XLRI?
- State Street Real Estate Select Sector SPDR Premium Income ETF (XLRI) manages $3.1M 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 XLRI actively managed or an index fund?
- XLRI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
