What this ETF is trying to do

The STATE STREET(R) REAL ESTATE SELECT SECTOR SPDR(R) PREMIUM INCOME ETF (ticker: XLRI) is an exchange-traded fund designed to focus on real estate income. It uses option strategies to help generate income for investors.

What the numbers show

As of October 9, 2026, the current price of one share is $21.95. An estimated price from roughly one year ago was about $24.34.

When looking at how this ETF performed over the last year, it is important to look at two different numbers:

• Price Return: This measures only the change in the share price. Over the last year, the price return was -9.82%. This means the share price itself went down.

• Total Return: This includes both the share price changes and the cash distributions paid out. The one-year total return was 2.48%.

For the current year so far (Year-to-Date), the price return is -7.21%, while the total return is 1.93%.

Income and distribution explanation

This ETF provides regular cash payments, known as distributions. The distribution yield is 13.66%. This number describes the cash paid out relative to the ETF's price. It is important to know that a high distribution yield does not mean an investor earned that same percentage as their total return.

These payments usually happen monthly. In the last 12 months, there were 12 distributions. The trailing distributions (the cash paid out over the last year) were approximately $3.00 per share.

NAV erosion explanation

The ETF has an erosion-risk score of 75, which is labeled as "mild price erosion."

"NAV erosion" refers to a decline in the Net Asset Value, or the actual value of the assets held by the fund. While a falling market price can sometimes look like erosion, they are different things. In this case, the data shows a mild risk measurement regarding price deterioration.

Pros

• Positive Total Return: Even though the share price fell over the last year, the total return (which includes cash payments) was positive at 2.48%.

• High Yield: The fund offers a high distribution yield of 13.66%.

Cons

• Falling Share Price: The one-year price return was negative (-9.82%), meaning the cost of a single share decreased.

• Erosion Risk: The fund has a score indicating mild price erosion.

Top Holdings

The fund's exposure is very concentrated. Its top holding is:

• XLRE (STATE STREET REAL ESTATE SEL SECTSPDRETF): 99.95%

*Note: Holdings can change over time.*

Beginner takeaway

When looking at XLRI, it is helpful to distinguish between the share price and the total return. While the price of a share has gone down over the last year, the cash distributions helped keep the total return in positive territory. Always remember that high yields are not a guarantee of overall profit.