State Street Industrial Select Sector SPDR Premium Income ETF (XLII)

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

The fund offers exposure to industrial companies in the S&P 500, matching the universe of the Industrial Select Sector SPDR Fund, which includes aerospace and defense contractors, machinery makers, transportation and logistics companies, building products firms and business services providers. It pairs this exposure with an options strategy, typically writing calls, to generate premium income.

The options overlay is designed to provide regular income but can cap the fund's participation in strong gains for industrial stocks.