State Street Industrial Select Sector SPDR Premium Income ETF
XLII
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Jul 30, 2025
- CIK
- 0001064641
- Website
- ssga.com
- Similar Companies
- Business
- State Street Industrial Select Sector SPDR Premium Income ETF (XLII) is an actively managed investment vehicle that seeks to deliver current income and exposure to the U.S. industrials sector through a fund-of-funds structure built on The Industrial Select Sector SPDR Fund (XLI) with additional income generation from options strategies. The fund is sponsored by State Street Global Advisors (SSGA) and is designed to provide investors with access to a broad basket of industrials equities while pursuing enhanced income through systematic options activity. XLII operates as an exchange-traded fund that combines exposure to industrials equities with an income-enhancing approach, aligning with investors seeking sector-focused exposure with potential for supplementary yield. Founding and domicile - Founded: 2025 - Headquarters: Boston, Massachusetts (SSGA headquarters) with global fund management and distribution capabilities Primary business activity - Investment management and fund administration for a premium income ETF focused on the U.S. industrials sector - Portfolio construction and active management of a two-layer approach: underlying industrials exposure via the Industrials Select Sector SPDR Fund (XLI) and systematic writing of short-term call options on the fund’s equity holdings - Ongoing monitoring of sector composition, risk management, and liquidity to support daily ETF operations and fund performance Main products and services - Core fund offering: State Street Industrial Select Sector SPDR Premium Income ETF (XLII) – a fund-of-funds vehicle designed to provide industrials sector exposure with enhanced income through covered call strategies - Underlying exposure: holds positions in the Industrials Select Sector SPDR Fund (XLI) to gain broad industrials sector representation - Income enhancement: systematically sells short-term call options on its equity positions to generate additional income - ancillary services: fund administration, daily price and NAV calculations, regular disclosures and reporting, liquidity management, tax reporting support for investors, and ongoing investor communications Geographic and client coverage - Geographic focus: United States-domiciled fund with exposure to U.S. industrials issuers - Target markets: institutional and individual investors seeking sector-specific exposure coupled with enhanced income - Distribution footprint: global marketing and distribution through State Street affiliates and third-party platforms, with availability to U.S. market participants Industry and business segments - Industry: Financial services; Investment management; Exchange-traded funds - Segments: ETF product management, active fund-of-funds strategy, options-based income generation, sector-specific equity exposure Subsidiaries and parent relationships - Parent organization: State Street Corporation (SSO) and affiliated State Street Global Advisors - Relationship: XLII is issued and managed under the Select Sector SPDR premium income framework, leveraging the XLI platform for underlying exposure and SSGA’s options income engine Recent major changes - Strategic product positioning: expansion of the premium income framework to focus on the industrials sector within the Select Sector SPDR products - Partnerships and alliances: ongoing collaborations with distribution platforms and program sponsors to increase accessibility and liquidity for XLII - Product launches and enhancements: refinement of active management approach and options strategy to optimize income generation within the industrials exposure - Corporate actions: reorganizations and operating refinements within the Select Sector SPDR Premium Income Funds to support scalable, transparent reporting and governance - Operational shifts: enhancements to portfolio construction and risk controls aligned with evolving market environments and regulatory expectations Additional context - Industry drivers: performance influenced by industrials sector fundamentals, order backlogs, capital expenditure cycles, and global trade dynamics - Customer types: institutional accounts, financial advisors, and retail investors seeking income-oriented sector exposure - Regulatory and fiduciary: adheres to U.S. ETF regulations and fund governance standards; provides transparency through regular fund disclosures and audited financials - Founding and headquarters are aligned with SSGA’s established presence in the U.S. asset-management ecosystem, reinforcing XLII’s role within the broader SPDR Premium Income offering