PSK

Fund Description
The SPDR ICE Preferred Securities ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index (the "Index"). ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index is a modified market capitalization weighted index composed of preferred stock and securities that are functionally equivalent to preferred stock including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock. The Index includes Preferred Securities that meet the following criteria: (i) are non-convertible; (ii) have a par amount of $25; (iii) be listed on the NYSE or NYSE Arca; (iv) must maintain a minimum par value of $250 million; (v) be U.S. dollar denominated; (vi) be rated investment grade by one of Moodys Investors Service, Inc. or Standard & Poors Ratings Services; (vii) be publicly registered or exempt from registration under the Securities Act of 1933; and (viii) have a minimum monthly trading volume during each of the last six months of at least 250,000 trading units. The Index does not include auction rate preferred securities, convertible preferred shares, securities subject to sinking fund provisions, shares in closed-end funds, municipal securities, or repackaged securities linked to a security, a basket of securities or an index. The Index is rebalanced monthly, on the final NYSE Arca trading day of each month. The index returns are reflective of the Wells Fargo Hybrid and Preferred Securities Aggregate Index from fund inception until 05/01/2021 and of the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index effective 05/01/2021.
Fund Profile
Fund Name SPDR Wells Fargo Preferred Stock ETF
Fund Exchange Ticker PSK
Fund Sponsor State Street (SPDR)
Fund ISIN US78464A2924
Net Expense Ratio 0.45 %
Fund Inception Date 16 September 2009
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Other Asset Types
Index Linked Passive
Index Name ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 26 January 2022
Asset Under Management 1322.56 Million (USD)
1 Month Total Return -2.52 %
Year To Date Return -3.38 %
1 Year Total Return 0.38 %
3 Year Annualized Total Return 5.22 %
NAV 41.4597
Share Outstanding 31,900,000
Top 10 Holdings (27 January 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
Citigroup Capital XIII Tr Pfd Secs 201030.10.40 Global Fltg Rt C V0 10/30/40 PREF 0.0300408600
PNC Financial Services Group Inc. Deposit Shs Repr 1/4000th NonCum Perp Pfd Shs Series P PREF 0.0189767400
Capital One Financial Corporation Depositary Shs Repr 1/40th 5% NonCum Red Perp Pfd Registered Shs Ser I COF 5 PERP I PREF 0.0185798300
STATE STREET INSTITUTIONAL LIQ STATE STR PREF 0.0176558900
AT&T Inc 5.35 % Notes 201701.11.66 Global PREF 0.0167444500
Capital One Financial Corporation Depositary Shs Repr 1/40th 4.8% NonCum Red Perp Pfd RegisteredShs Ser J COF 4.8 PERP J PREF 0.0151088900
Allstate Corporation Depositary Shs Repr 1/1000th 5.1% NonCum Red Perp Pfd Series H ALL 5.1 PERP H PREF 0.0146868800
Duke Energy Corp Depositary Shs Repr 1/1000th Cum Red Perp Pfd Registered Sh Series A PREF 0.0131358800
Southern Co 4.95 % Notes 202030.01.80 Global Series 2020A PREF 0.0125815500
Metlife Inc Depositary Shs Repr 1/1000th 4.75 % NonCum Perp Red Pfd Shs Series F PREF 0.0124567300