State Street Health Care Select Sector SPDR Premium Income ETF (XLVI)

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

The fund offers exposure to health care companies in the S&P 500, matching the universe of the Health Care Select Sector SPDR Fund, which includes pharmaceutical and biotechnology companies, medical device makers, health insurers, and providers of health care services and equipment. It combines this exposure with an options strategy, typically writing calls, to generate premium income.

The options overlay is meant to produce regular income but can limit the fund's participation in large gains for health care stocks.