XLVI

About XLVI

The Health Care Select Sector SPDR Premium Income Fund is an actively managed open-ended fund designed to generate current income alongside long-term capital appreciation. Its principal strategy centers on investing in the Health Care Select Sector SPDR ETF, widely known for tracking S&P 500 health care companies, which span key industries such as pharmaceuticals, biotechnology, life sciences tools, health care technology, and medical equipment and providers. To augment income, the fund employs a systematic covered call options strategy, selling listed and customized FLEX call options on the underlying holdings with expiries typically of less than one year. This approach leverages option premium income while striking a balance between yield generation and ongoing exposure to health care equities. The fund retains flexibility to adjust option strike prices and may hold different expiries and strikes across its positions, optimizing both income and market responsiveness. Managed by SSgA Funds Management, Inc. and distributed by State Street Corporation, this fund appeals to investors seeking exposure to the health care sector with an enhanced income profile compared to traditional equity-only products.