SPINState Street US Equity Premium Income ETF
Seeks to provide current income while maintaining prospects for long term growth of capital.
By State Street Investment Management · Launched 2024
0.25%
#1,230 of 5,562 · low cost
$47M
#3,629 of 5,562 · mid-size
6.42%
1 year
#3,776 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 46.1% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide current income while maintaining prospects for long term growth of capital.
- Strategy
- Invests primarily in equity securities of large and medium U.S. companies and generates income by selling call options on these equities. The strategy includes using fundamental research to select undervalued stocks and managing risk through a systematic approach to option writing.
- Inception date
- September 4, 2024
- Fund family
- State Street Investment Management
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19