State Street Technology Select Sector SPDR Premium Income ETF

Frequently Asked Questions About XLKI

What does XLKI invest in?

The State Street Technology Select Sector SPDR Premium Income ETF, identified by its ticker XLKI, functions as an exchange-traded fund (ETF) that was launched by SSGA Funds Management, Inc. It primarily directs its investments toward publicly traded equities within the United States, with a specific focus on enterprises operating across the information technology sectors. The fund employs a multifaceted investment approach, engaging in direct stock purchases, allocations through other funds, and the strategic use of derivatives. Its target companies are large-capitalization firms that display attributes of both growth and value. A key component of its portfolio construction involves leveraging derivatives, such as options, which are designed to mirror the performance of The Technology Select Sector SPDR Fund. Established on July 29, 2025, the fund is officially registered and operates from within the United States.

What is the expense ratio of XLKI?

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

What is XLKI's distribution yield?

XLKI's trailing-twelve-month yield is 19.07%, calculated from the sum of distributions over the past year divided by the current price.

How does XLKI's covered-call strategy work?

XLKI 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 XLKI?

State Street Technology Select Sector SPDR Premium Income ETF (XLKI) manages $15.2M 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 XLKI actively managed or an index fund?

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