ETF Evaluator:
State Street®MatrlSelSectSPDR®PreIncETF ()
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(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
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ETF Details
State Street®MatrlSelSectSPDR®PreIncETF Overview
State Street®MatrlSelSectSPDR®PreIncETF (XLBI) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2025.
The investment seeks to provide current income while maintaining prospects for long term growth of capital.
Under normal circumstances, at least 80% of the fund's net assets (plus any borrowings for investment purposes) in a combination of securities of Materials companies (either directly or indirectly through an underlying ETF) and investments that produce premium income. Materials companies comprise companies included in the Materials sector of the S&P 500 Index, as determined by the Global Industry Classification Standard (GICS®). The fund is non-diversified.
About State Street®MatrlSelSectSPDR®PreIncETF (XLBI)
There are 3 members of the management team with an average tenure of 1.01 years: Emiliano Rabinovich (2025), Raymond Donofrio (2025) and Juan Acevedo (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P Materials Sel Sec 30% D CC TR USD index with a weighting of 100%. State Street®MatrlSelSectSPDR®PreIncETF has 3 securities in its portfolio. The top 10 holdings constitute 100.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
State Street®MatrlSelSectSPDR®PreIncETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. State Street®MatrlSelSectSPDR®PreIncETF has 6.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.5% There is 6.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Street®MatrlSelSectSPDR®PreIncETF has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $7 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XLBI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Street®MatrlSelSectSPDR®PreIncETF expense ratio is below average compared to funds in the Derivative Income category. State Street®MatrlSelSectSPDR®PreIncETF has an expense ratio of 0.35%, which is 58% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. State Street®MatrlSelSectSPDR®PreIncETF has a portfolio turnover rate of 3%, which indicates that it holds its assets around / 0.3 years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, State Street®MatrlSelSectSPDR®PreIncETF returned -0.0%, which earned it a grade of C, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
State Street®MatrlSelSectSPDR®PreIncETF has a trailing yield of 10.20%, which is below the 19.96% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
State Street®MatrlSelSectSPDR®PreIncETF Grades
Year to date, the ETF has returned 7.3%, 4.7 percentage points better than the category, which translates into a grade of C. The fund has returned 12.9% over the past year (grade of C).
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XLBI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XLBI Return (NAV) | -0.0% | 0.8% | 12.9% | na | na | na |
| XLBI Return (Price) | 0.2% | 1.0% | 13.3% | na | na | na |
| NAV +/- Price Return | -0.176% | -0.198% | -0.373% | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| XLBI Grade (NAV) | C | D | C | na | na | na |
| +/- Category (NAV) | 1.5% | 0.2% | 1.7% | na | na | na |
| XLBI Tax-Cost Ratio | na | na | 3.8% | na | na | na |
XLBI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XLBI Return (NAV) | 7.3% | na | na | na | na | na | na | na | na | na | na |
| XLBI Return (Price) | 7.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.030% | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| XLBI Grade (NAV) | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 4.7% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 10.2% |
| Total Assets: | $ 8 Mil |
| Share Class Assets: | $ 8 Mil |
| Turnover: | 3.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | S&P Materials Sel Sec 30% D CC TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.0 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): Rabinovich Emiliano (2025), Donofrio Raymond (2025), Acevedo Juan (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 3 |
| % in Top 10 Holdings: | 100.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 6.0% |
Portfolio Allocation |
|
| Domestic Stock: | 93.5% |
| Foreign Stock: | 6.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | July 29, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.83% |
