State Street Technology Select Sector SPDR Premium Income ETF (XLKI)

The State Street Technology Select Sector SPDR Premium Income ETF is an exchange-traded fund from State Street Investment Management, listed on NYSE Arca under the ticker XLKI.

The fund provides exposure to information technology companies in the S&P 500, the universe also tracked by the Technology Select Sector SPDR Fund, which includes semiconductor makers, software developers, and computer hardware and communications equipment companies. It combines this exposure with an options strategy, typically selling call options, to generate premium income.

The income generated by the option overlay can support regular distributions, but it may limit the fund's gains when technology stocks advance sharply.