- What does XLII invest in?
- The State Street Industrial Select Sector SPDR Premium Income ETF, an exchange-traded fund (ETF) operating under the Select Sector SPDR Trust, was established on July 29, 2025, and is managed by SSGA Funds Management, Inc. Domiciled in the United States, this fund primarily invests in the U.S. public equity markets, with a specific focus on companies within the utilities sectors. Its investment strategy is multifaceted, encompassing direct allocations to large-capitalization growth and value stocks, investments through other funds, and the utilization of derivative instruments. Notably, its portfolio construction involves derivatives, such as options, which are linked to the performance of The Industrial Select Sector SPDR Fund.
- What is the expense ratio of XLII?
- State Street Industrial Select Sector SPDR Premium Income ETF (XLII) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.
- What is XLII's distribution yield?
- XLII's trailing-twelve-month yield is 12.58%, calculated from the sum of distributions over the past year divided by the current price.
- How does XLII's covered-call strategy work?
- XLII 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 XLII?
- State Street Industrial Select Sector SPDR Premium Income ETF (XLII) manages $14.7M 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 XLII actively managed or an index fund?
- XLII's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
