State Street Technology Select Sector SPDR Premium Income ETF
XLKI
New York Stock Exchange Arca- -
USD
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- -
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
- The Technology Select Sector SPDR Premium Income ETF (XLKI) is an actively managed exchange-traded fund that seeks to provide current income while maintaining prospects for long‑term capital growth by combining equity exposure to the U.S. technology sector with an options‑overlay income strategy. The fund primarily gains exposure through holdings in the Technology Select Sector SPDR Fund (XLK); it implements a covered‑call / listed call‑writing program by selling short‑dated listed call options on its equity holdings to generate premium income; portfolio construction emphasizes large‑cap U.S. technology companies including software, semiconductors, hardware, and IT services names. Core products and services: ETF share class offering listed on U.S. exchanges providing daily liquidity; equity exposure via primary allocation to the Technology Select Sector SPDR Fund (XLK); options overlay strategy consisting of systematic sale, monitoring and rolling of short‑dated listed call options (generally one to two‑month expirations) with strike selection calibrated by option delta; cash and cash‑equivalents sleeve for collateral and liquidity management; investor reporting, regulatory filings and dividend/distribution administration. Latest major changes and strategic developments (most recent 12–24 months): the fund launched in July 2025 and began trading as a premium‑income vehicle that explicitly pairs XLK equity exposure with an options‑based income overlay; since inception the fund has disclosed the systematic use of listed call options to enhance yield and the practice of rolling option positions prior to expiration to manage exposure; portfolio allocations and option overlays have been periodically adjusted to reflect market conditions in the U.S. technology sector and to balance income generation with capital appreciation objectives. Industry and business segments: listed investment vehicle in the asset management and exchange‑traded products industry, classified within derivative‑income and technology sector equity strategies. Target markets and investors: income‑seeking institutional and retail investors seeking enhanced yield from U.S. technology equity exposure, including taxable accounts and tax‑advantaged retirement accounts, and investors willing to accept capped upside in exchange for option premium income. Geographic operations and domicile: domiciled in the United States and listed on U.S. exchanges, with underlying equity exposure concentrated in U.S.‑based technology companies but able to hold non‑U.S. securities in limited amounts as required; option contracts are listed on U.S. options exchanges. Founding and governance: inception date July 29, 2025; sponsored and managed by State Street Global Advisors, headquartered in Boston, Massachusetts; portfolio management and trading teams execute equity allocations and options overlay operations under the fund’s stated investment objective. Subsidiaries and relationships: the fund is a product of State Street Global Advisors and holds a primary economic interest in the Technology Select Sector SPDR Fund (XLK) as its principal equity sleeve; it operates within State Street’s SPDR ETF platform and leverages the parent firm’s trading, custody and distribution infrastructure.