PSK

SPDR Wells Fargo Preferred Stock ETF
*Unless otherwise stated, data provided by FactSet.

PSK Fund Description

PSK tracks a market weighted index of non-convertible preferred stocks and securities that are functionally equivalent to preferred stocks.

PSK Factset Analytics Insight

PSK provides a broad and slightly less financials-centric preferred-stock exposure in a viable wrapper. The fund limits any single issue or issuer to a 5% weighting, thus limiting the weighting to issuers like HSBC and Goldman. As a result, PSK has a bit less exposure to financials than some peers. Still, the effects are limited, as financial issues dominate the portfolio per the issuer. Investment-grade credits also play a leading role but the fund does have high-yield exposure too. PSK has good retail liquidity, with manageable average spreads, but block liquidity is weak due to the nature of the underlying securities. The fund is fairly cheap to hold, charging a very reasonable fee for a niche fund and delivering its index well. In fact, PSK tends to claw back more than its advertised fee.

PSK MSCI ESG Analytics Insight

SPDR Wells Fargo Preferred Stock ETF has an MSCI ESG Fund Rating of BB based on a score of 3.69 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR Wells Fargo Preferred Stock ETF ranks in the 16th percentile within its peer group and in the 13th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PSK Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 12/03/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PSK -1.16% -0.30% 14.86% 14.12% 6.84% 5.52% 6.91%
PSK (NAV) -1.12% -0.40% 14.86% 14.03% 6.76% 5.50% 6.94%
Wells Fargo Hybrid and Preferred Securities Aggregate Index -1.12% -0.36% 15.19% 14.36% 7.12% -- 6.94%
S&P U.S. Preferred Stock Index -0.65% 0.87% 15.24% 13.36% 6.74% 5.37% 7.59%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PSK Summary Data

SPDR
09/16/09
Open-Ended Fund
0.45%
$1.04B
$7.04M
0.07%

PSK Portfolio Data

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12/02/19
166

PSK Index Data

Market Value
Market Value
S&P U.S. Preferred Stock Index

PSK Portfolio Management

0.45%
-0.24%
-0.12%
-0.43%

PSK Tax Exposures

20.00% / 39.60%
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Ordinary income
No

PSK Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

PSK Factset Analytics Block Liquidity

As of 12/04/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PSK. PSK is rated a 3 out of 5.

PSK Tradability

158,700
$7.04M
110,771
$4.89M
0.07%
$0.03
0.09%
0.34% / -0.21%
None
100.00%
50,000
2.22
0.03%
1.49%
0
$43.22
3

PSK Top 10 Holdings[View All]

2.87%
1.86%
1.75%
1.72%
1.59%
1.39%
1.36%
1.25%
1.21%
1.17%
16.17%

PSK Performance Statistics

0.85
0.92
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PSK MSCI ESG Ratings

3.69 / 10
13.16
15.77
10.52%
2.60%
509.94

PSK Holdings Statistics

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166
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PSK Avg Life Maturity Distribution

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PSK OAS Breakdown

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