| Investment Objective: |
The Technology Select Sector SPDR Premium Income Fund employs an actively managed strategy that is designed to provide potential for current income while maintaining the prospects for long-term growth of capital. Under normal circumstances, at least 80% of the Fund's net assets in a combination of securities of Technology companies and investments that produce premium income. Technology companies comprise companies included in the Information Technology sector of the S&P 500 Index, as determined by the Global Industry Classification Standard (GICS). The Fund seeks to achieve its investment objective by (1) investing in shares of The Technology Select Sector SPDR Fund and (2) selling call options on The Technology Select Sector SPDR Fund to generate additional income. The Technology Select Sector SPDR Fund seeks to track the performance of the Technology Select Sector Index. The Underlying Index includes equity securities of companies in the S&P 500 that have been identified as Information Technology companies by GICS. The Fund will concentrate its investments, directly or indirectly, in an industry or group of industries to the extent the index the underlying ETF seeks to track concentrates in a particular industry or group of industries. |
