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ETFs

SPDR ICE Preferred Securities ETF

PSK
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 16 2009
Expense Ratio
0.45%
Type
Preferred
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$2,379,827
AUM
$840,066,167
Associated Index
ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CPRN
Citigroup Capital XIII - FXDFR PFS REDEEM 30/10/2040 USD 25
4.06%
n/a
STATE STREET INSTITUTIONAL LIQ
2.50%
TBB
AT&T, Inc. - 5.35% NT REDEEM 01/11/2066 USD 25
1.81%
COF/PR/I
Capital One Financial Corp. - 5% PRF PERPETUAL USD 25 - Dp Sh Rp 1/40th Sr I
1.77%
DUK/PR/A
Duke Energy Corp. - 5.75% PRF PERPETUAL USD 25 - Ser A 1/1000th Int
1.53%
ALL/PR/H
Allstate Corp (The) - 5.10% PRF PERPETUAL USD 25 - Ser H, 1/1000th Int
1.45%
COF/PR/J
Capital One Financial Corp. - 4.80% PRF PERPETUAL USD 25 - 1/40th INT Ser J
1.39%
SOJD
Southern Company - 4.95% NT REDEEM 30/01/2080 USD 25
1.36%
MET/PR/F
Metlife Inc - 4.75% PRF PERPETUAL USD 25 - Ser F
1.27%
ATH/PR/A
Athene Holding Ltd - FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int Dep
1.22%
Invest with PSK

What is PSK?

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.

ETFs related toPSK

ETFs correlated to PSK include PGX, PFF, PFFD

PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
CVRD
Madison ETFs Trust - Madison Covered Call ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PSK is a Preferred ETF. 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.

PSK tracks the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index.

PSK dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

No, PSK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PSK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PSK is 0.0104%. This is the percent change in the value of PSK over the most recent 1-month period. The 3-month return on PSK is -0.0059%. This is the percent change in the value of PSK over the most recent 3-month period.

The standard deviation of PSK for the past year is 0.15%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PSK include QAI, PCEF, and MLPA.

ETFs correlated to PSK include PGX, PFF, and PFFD.

ETFs that are inversely correlated to PSK include SJB, FAZ, and RWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.