{
 "ticker": "XLBI",
 "name": "State Street(R) Materials Select Sector SPDR(R) Premium Income ETF",
 "issuer": "State Street",
 "desk": "income",
 "url": "https://etfiq.com/funds/xlbi",
 "html": "https://etfiq.com/funds/xlbi",
 "markdown": "https://etfiq.com/funds/xlbi.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, XLBI paid 14.5% in cash and still finished 3.2 points behind XLB.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "14.5%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "XLBI, cash paid, 1 year, on its starting price: 14.5%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+8.8%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "XLBI, total return, 1 year: +8.8%, as of Sep 18, 2026."
  },
  {
   "key": "against_xlb",
   "label": "Against XLB",
   "value": "\u22123.2 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "XLBI, against XLB: \u22123.2 pts, as of Sep 18, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "11.5%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "XLBI, latest payout, annualized: 11.5%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "XLBI, net assets: $8m (the issuer\u2019s own daily fund list, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Apr 24, 2026",
   "as_of": "2026-09-18",
   "sentence": "XLBI, expense ratio: 0.35% (485BPOS XBRL, Apr 24, 2026)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Materials (XLB) (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 18, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "11.5%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Apr 24, 2026"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "15.5%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 30, 2025",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "3.3%",
   "Price": "\u22124.0%",
   "Total return": "\u22120.7%",
   "XLB": "\u22123.1%",
   "Ahead or behind": "+2.4 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "7.2%",
   "Price": "+3.9%",
   "Total return": "+11.1%",
   "XLB": "+7.3%",
   "Ahead or behind": "+3.9 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "14.5%",
   "Price": "\u22126.3%",
   "Total return": "+8.8%",
   "XLB": "+12.0%",
   "Ahead or behind": "\u22123.2 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "16.3%",
   "Price": "\u22124.9%",
   "Total return": "+12.1%",
   "XLB": "+14.6%",
   "Ahead or behind": "\u22122.4 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has XLBI paid over the last year?",
   "a": "Over the year to Sep 18, 2026, XLBI paid 14.5% of its starting price in cash distributions, while the price fell 6.3%."
  },
  {
   "q": "Is XLBI ahead of XLB?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, XLBI returned +8.8% against +12.0% for Materials (XLB), so a holder was behind it by 3.2 points."
  },
  {
   "q": "How often does XLBI pay, and how much?",
   "a": "XLBI pays monthly. The latest distribution annualizes to 11.5% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "What does XLBI cost?",
   "a": "The prospectus expense ratio is 0.35% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}