State Street Consumer Discretionary Select Sector SPDR Premium Income ETF

Frequently Asked Questions About XLYI

What does XLYI invest in?

Managed by SSGA Funds Management, Inc., the Select Sector SPDR Trust - State Street Consumer Discretionary Select Sector SPDR Premium Income ETF is a U.S.-domiciled exchange-traded fund, established on July 29, 2025. This ETF allocates capital to publicly traded U.S. companies operating within the consumer discretionary sector. Its investment strategy is multi-pronged, encompassing direct stock holdings, allocations to other funds, and the strategic deployment of derivatives. Specifically, it constructs its portfolio by utilizing options designed to track the performance of The Consumer Discretionary Select Sector SPDR Fund. The fund targets large-capitalization firms, seeking exposure to both growth and value-oriented equities.

What is the expense ratio of XLYI?

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

What is XLYI's distribution yield?

XLYI's trailing-twelve-month yield is 15.29%, calculated from the sum of distributions over the past year divided by the current price.

How does XLYI's covered-call strategy work?

XLYI 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 XLYI?

State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI) manages $43.2M 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 XLYI actively managed or an index fund?

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