Select Sector SPDR Trust (The) The Industrial Select Sector SPDR Premium Income Fund
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About Select Sector SPDR Trust (The) The Industrial Select Sector SPDR Premium Income Fund
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Inception date
Jul 29, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
State Street Corp. (Fund Distributor)
XLII seeks to generate current income while allowing for long-term capital growth through a mix of equity investments and an options-based overlay. The fund primarily invests in shares of the Industrial Select Sector SPDR Fund (XLI), an ETF that tracks a market cap weighted index of S&P500 industrial companies as defined by GICS, covering areas such as aerospace and defense, machinery, transportation, electrical equipment, and related services. Additional income is created by selling listed and FLEX call options with maturities typically under one year. Strike prices are chosen using option delta, which reflects how an options value responds to changes in price, time, and volatility, allowing the fund to seek a balance between premium income and potential equity appreciation. Short option positions are actively managed and generally rolled before expiration based on market and liquidity conditions, and the fund may hold different strike prices at the same time.
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Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XLII trades at 24.34 USD today, its price has fallen −1.10% in the past 24 hours. Track more dynamics on XLII price chart.
XLII net asset value is 24.33 today — it's fallen 1.25% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
XLII assets under management is 985.43 K USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
XLII fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XLII invests in funds. See more details in our Analysis section.
XLII expense ratio is 0.35%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, XLII isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, XLII doesn't pay dividends to its holders.
XLII trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
XLII shares are issued by State Street Corp.
XLII follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 29, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.