State Street Financial Select Sector SPDR Premium Income ETF, or XLFI, is an actively managed exchange-traded fund sponsored by State Street Investment Management that seeks to provide current income while maintaining prospects for long-term capital growth through exposure to the U.S. financials sector. The fund is organized as an open-end investment company, was launched in 2025, and is domiciled in the United States.
The ETF primarily invests in shares of the Financial Select Sector SPDR Fund, the broad financials-sector SPDR ETF, and seeks to enhance income through a short-dated call option strategy. Its portfolio is concentrated in large-cap U.S. financial services companies, with limited allocations that may include non-U.S. equities and cash equivalents; it is designed for investors seeking sector exposure with an income overlay. The fund is available for sale in the United States and is managed on a daily pricing basis.
Recent major changes include the fund’s launch in July 2025 as part of State Street’s Select Sector SPDR Premium Income suite, marking a strategic expansion of the firm’s ETF lineup into options-based sector income products. The launch positioned XLFI as an actively managed fund-of-funds tied to the financial sector, combining traditional sector beta with option premium generation. State Street Investment Management, a unit of State Street Corporation, is headquartered in Boston, Massachusetts, and the ETF is part of its broader SPDR franchise.