State Street Energy Select Sector SPDR Premium Income ETF (XLEI)

The State Street Energy Select Sector SPDR Premium Income ETF is an exchange-traded fund from State Street Investment Management that trades on NYSE Arca under the ticker XLEI.

The fund provides exposure to the energy companies in the S&P 500, the same universe as the Energy Select Sector SPDR Fund, which includes oil and gas producers, integrated energy companies, refiners, pipeline operators, and oilfield equipment and services firms. It layers an options strategy, typically writing call options, on top of this exposure to generate premium income.

The options component is designed to produce regular income, though it can limit the fund's participation in large upward moves in energy stocks.