XLBI
The Materials Select Sector SPDR Premium Income Fund
📎 Investment Objective
The Materials Select Sector SPDR Premium Income Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Materials Select Sector Index.
Overview
ETF tracking The Materials Select Sector SPDR Premium Income Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Materials Select Sector SPDR Premium Income Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Materials Select Sector Index.
🎯 Investment Strategy
The fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the Materials Select Sector Index. The index includes companies from the following industries: chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products.
✨ Key Features
- Provides exposure to the materials sector of the S&P 500 Index
- Passively managed to track the performance of the underlying index
- Low expense ratio of 0.00%
- Relatively small fund with $0 in assets under management
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single sector
- Potential volatility due to the cyclical nature of the materials industry
- Liquidity risk given the small asset size of the fund
- Tracking error risk as the fund may not perfectly replicate the index performance
👤 Best For
This ETF may be suitable for investors seeking broad exposure to the materials sector as part of a diversified portfolio. However, due to the small asset size and lack of performance history, it may be more appropriate for experienced investors who understand the risks of sector-specific funds.