SPIN ETF — Holdings & Analysis

The State Street US Equity Premium Income ETF (SPIN) is an actively managed fund with $0.06 billion in assets under management and an expense ratio of 0.25%.

SPIN aims to provide current income and long-term growth by investing in large- and mid-cap U.S. stocks and dynamically selling call options on a U.S. large-cap exposure. The fund's strategy uses a proprietary macroeconomic signal to determine option strikes, seeking higher premiums in volatile markets and greater market upside in low-risk environments.

State Street US Equity Premium Income ETF (SPIN) ETF — Price, Holdings & Analysis

The State Street US Equity Premium Income ETF (SPIN) is an actively managed fund with $0.06 billion in assets under management and an expense ratio of 0.25%. SPIN aims to provide current income and long-term growth by investing in large- and mid-cap U.S. stocks and dynamically selling call options on a U.S. large-cap exposure. The fund's strategy uses a proprietary macroeconomic signal to determine option strikes, seeking higher premiums in volatile markets and greater market upside in low-risk environments.

ETF Overview

The State Street US Equity Premium Income ETF employs an actively managed strategy that is designed to provide current income while maintaining the potential for long-term growthThe fund invests in a portfolio of large- and mid-cap US stocks that the investment advisor believes exhibit desirable characteristics such as strong fundamentals, attractive valuations, and long-term growth prospects, while dynamically selling call options on a US large-cap exposure, such as the S&P 500 Index, to generate additional monthly incomeThe strategy utilizes a proprietary macroeconomic signal to determine the option strikes (moneyness) of the calls written, seeking to harvest higher option premiums during volatile market conditions to help provide more of a cushion against possible losses in the underlying portfolio, while harvesting lower option premiums during low-risk market conditions which may allow the fund to participate in greater potential market upside

SPIN employs an active management strategy focused on generating income and long-term capital appreciation. The fund invests in U.S. large- and mid-cap stocks selected for their strong fundamentals, attractive valuations, and growth potential. A key component of SPIN's strategy is the dynamic selling of call options on a U.S. large-cap index, such as the S&P 500, to generate monthly income. The option strikes are determined by a proprietary macroeconomic signal, allowing the fund to adapt to varying market conditions. During volatile periods, the fund aims to capture higher option premiums, providing a cushion against potential losses. In calmer markets, the fund seeks to participate in greater market upside by harvesting lower option premiums. As of 2026-03-15, SPIN's top holdings include NVIDIA Corp (8.91%), Microsoft Corp (6.33%), and Apple Inc (6.24%). The fund is heavily weighted towards the Technology sector (36.3%), followed by Financial Services (12.5%) and Communication Services (11.3%).

Risk Metrics

SPIN's risk profile is influenced by its active management and options strategy. The fund's concentration in the Technology sector (36.3%) exposes it to sector-specific risks. The fund's top 10 holdings account for a significant portion of its assets, potentially leading to concentration risk. As a relatively new fund launched in 2024, SPIN has limited historical data for assessing its long-term risk-adjusted performance. The fund's expense ratio of 0.25% will create a drag on performance over time. Investors should also consider the risks associated with options trading, including the potential for losses if the underlying stocks perform differently than anticipated. Past performance does not guarantee future results.

Expense Ratio

0.25%

What does SPIN hold?

Holding	Weight
NVIDIA Corp (NVDA)	8.91%
Microsoft Corp (MSFT)	6.33%
Apple Inc (AAPL)	6.24%
Alphabet Inc Class A (GOOGL)	5.64%
Amazon.com Inc (AMZN)	4.39%
Meta Platforms Inc Class A (META)	3.40%
Broadcom Inc (AVGO)	3.30%
JPMorgan Chase & Co (JPM)	1.85%
S&P Global Inc (SPGI)	1.84%
The Home Depot Inc (HD)	1.68%

How Is the Fund Allocated?

Sector	Weight
Technology	36.3%
Financial Services	12.5%
Communication Services	11.3%
Industrials	8.7%
Consumer Cyclical	8.5%
Healthcare	8.5%
Consumer Defensive	4.4%
Utilities	2.8%
Basic Materials	2.6%
Energy	2.3%
Real Estate	1.9%
Cash & Others	0.1%

Country	Weight
United States	96.3%
United Kingdom	1.7%
Ireland	1.5%
Switzerland	0.4%
Other	0.1%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Equity) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) (Equity) — 0.08% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) (Equity) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) (Equity) — 0.09% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) (Equity) — 0.08% expense ratio
State Street SPDR S&P Biotech ETF (XBI) (Equity) — 0.35% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is SPIN and what does it track?

The State Street US Equity Premium Income ETF (SPIN) is an actively managed ETF that seeks to provide current income and long-term growth. It invests in a portfolio of large- and mid-cap U.S.

stocks and employs a dynamic covered call strategy, selling call options on a U.S. large-cap index to generate additional monthly income.

What is the expense ratio for SPIN?

The expense ratio for the State Street US Equity Premium Income ETF (SPIN) is 0.25%. This means that for every $10,000 invested in the fund, $25 is used to cover annual operating expenses.

What are the top holdings in SPIN?

As of 2026-03-15, the top holdings in the State Street US Equity Premium Income ETF (SPIN) are: NVIDIA Corp (NVDA) at 8.91%, Microsoft Corp (MSFT) at 6.33%, Apple Inc (AAPL) at 6.24%, Alphabet Inc Class A (GOOGL) at 5.64%, and…

Amazon.com Inc (AMZN) at 4.39%.

Is SPIN a good long-term investment?

Whether SPIN is a suitable long-term investment depends on an individual investor's goals, risk tolerance, and investment horizon. The fund's active management and covered call strategy may provide opportunities for income generation and capital appreciation.

However, investors should consider the fund's expense ratio of 0.25%, sector concentration in Technology (36.3%), and the risks associated with options trading.

How does SPIN compare to similar ETFs?

SPIN differentiates itself through its active management and dynamic covered call strategy. While many ETFs in the equity income category focus on dividend-paying stocks, SPIN generates income through option premiums.

With AUM of $0.06 billion, SPIN is smaller than some of its competitors, which may impact its liquidity and trading volume.

Does SPIN pay dividends?

While SPIN's description indicates it seeks to provide current income, the current dividend yield as of 2026-03-15 is 0.00%.

This may be due to the fund's relatively recent inception date or its strategy of generating income primarily through option premiums rather than dividends. Investors seeking dividend income should monitor the fund's distribution history and consult its prospectus for more information.