State Street Real Estate Select Sector SPDR Premium Income ETF
XLRI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Jul 30, 2025
- CIK
- 0001064641
- Website
- ssga.com
- Similar Companies
- Business
- The Real Estate Select Sector SPDR Premium Income Fund (ticker: XLRI) is an actively managed exchange‑traded fund that seeks to provide current income while maintaining the prospects for long‑term growth of capital by investing in real estate‑sector equities and employing an options‑writing strategy. The fund’s primary product is a listed, open‑ended ETF that uses a covered‑call structure to generate additional yield on a single‑sector equity portfolio, with assets priced in U.S. dollars and distributed publicly in the United States. Core activities include the investment in the Real Estate Select Sector SPDR Fund (XLRE); the systematic sale of short‑dated, listed call options on that underlying SPDR fund to enhance income; and the maintenance of a small cash or money‑market component to support liquidity and settle option obligations. The product is positioned as a derivative‑income vehicle within the real estate sector, targeting institutional and retail investors seeking higher income versus a plain vanilla real‑estate ETF, with a net expense ratio of 0.35% and a focus on large‑cap, U.S.‑listed real estate securities, primarily real estate investment trusts (REITs), as defined by the S&P 500’s Real Estate Select Sector Index. Geographically, the fund operates as a U.S.‑domiciled investment that sources its underlying exposure almost entirely from U.S. real estate companies, with minimal non‑U.S. equity exposure, and is available for sale and trading in the United States. The Real Estate Select Sector SPDR Premium Income Fund was launched on July 29, 2025, under the Select Sector SPDR Trust umbrella managed by State Street Global Advisors, and is headquartered in Boston, Massachusetts, as part of State Street Corporation’s broader asset‑management platform; the fund does not function as a standalone operating company but rather as a specialized investment vehicle within the SPDR family of sector‑specific ETFs. Over the last 1–2 years, the fund has been introduced as a new Select Sector SPDR Premium Income product, with its main recent change being the commencement of active management and option‑writing operations on the real estate sector, accompanied by the establishment of a monthly distribution schedule that has been reiterated in recent market communications, including the declaration of a monthly distribution of approximately $0.2372 per share as of early 2026.