State Street Consumer Staples Select Sector SPDR Premium Income ETF (XLSI)

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

The fund offers exposure to consumer staples companies in the S&P 500, the same universe as the Consumer Staples Select Sector SPDR Fund, including food and beverage makers, household and personal products companies, tobacco firms and food and drug retailers. It combines this exposure with an options strategy, typically selling call options, designed to generate premium income.

The options component is intended to provide regular income, though it can reduce the fund's upside when consumer staples stocks rise strongly.