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XLFIState Street Financial Select Sector SPDR Premium Income ETF

Get income1y track recordRanked #1,205 of 1,650 in this goal

Seeks to provide current income while maintaining prospects for long term growth of capital.

By State Street Investment Management · Launched 2025

Annual Cost

0.35%

#1,644 of 5,854 · low cost

Fund Size

$5M

#5,204 of 5,854 · small

Dividend YieldGoal

—

Track Record

1 year

#4,533 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,956+9.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Index tracked

Financial Select Sector Index

What it actually holds

By weight

Concentration

Top 4 holdings = 99.9% of fundconcentrated

State Street Financial Select Sector SPDR ETF
99.6%
State Street Global Advisors
1.2%
Morgan Stanley & Co. LLC
-0.2%
Morgan Stanley & Co. LLC
-0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
11.9%Moderate

Year-on-year price swings

Max drawdown
-11.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide current income while maintaining prospects for long term growth of capital.
Strategy
Invests at least 80% of net assets in securities of Financial companies and generates additional income by selling call options on the Underlying Select Sector Fund. Concentrates investments in the Financial sector of the S&P 500 Index, including banks, insurance, and capital markets.
Inception date
July 29, 2025
Fund family
State Street Investment Management

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

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 2026-08-03