State Street Energy Select Sector SPDR Premium Income ETF

Frequently Asked Questions About XLEI

What does XLEI invest in?

The State Street Energy Select Sector SPDR Premium Income ETF (XLEI) is an exchange-traded fund (ETF) overseen by SSGA Funds Management, Inc. Its investment strategy focuses on publicly traded U.S. companies operating across the energy industry. The fund allocates capital primarily to large-capitalization firms, encompassing both growth and value investment styles. It achieves this exposure through a combination of direct stock investments, holdings in other investment funds, and the strategic application of derivatives. Specifically, its portfolio is constructed utilizing derivatives, such as options, which are linked to the performance of The Energy Select Sector SPDR Fund. This ETF was launched on July 29, 2025, and is based in the United States.

What is the expense ratio of XLEI?

State Street Energy Select Sector SPDR Premium Income ETF (XLEI) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is XLEI's distribution yield?

XLEI's trailing-twelve-month yield is 19.34%, calculated from the sum of distributions over the past year divided by the current price.

How does XLEI's covered-call strategy work?

XLEI sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is XLEI?

State Street Energy Select Sector SPDR Premium Income ETF (XLEI) manages $65.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is XLEI actively managed or an index fund?

XLEI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.