SPDR ICE Preferred Securities ETFSPDR ICE Preferred Securities ETFSPDR ICE Preferred Securities ETF

SPDR ICE Preferred Securities ETF

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Key stats

Assets under management (AUM)
‪829.98 M‬USD
Fund flows (1Y)
‪−59.08 M‬USD
Dividend yield (indicated)
6.30%
Discount/Premium to NAV
0.05%

About SPDR ICE Preferred Securities ETF

Issuer
State Street Corp.
Brand
SPDR
Expense ratio
0.45%
Home page
Inception date
Sep 16, 2009
Index tracked
ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index
Management style
Passive
PSK provides broad exposure to preferred stocks in a viable wrapper. The fund will also include securities that are functionally equivalent to preferred stocks, such as depositary preferred securities, perpetual subordinated debt, and certain securities issued by banks and other financial institutions that are eligible for capital treatment similar to other preferred stock. The fund limits any single issue or issuer to a 5% weighting, thus limiting the weighting to big issuers that dominate the sector. As a result, PSK has a bit less exposure to heavyweights compared to some peers. Still, the effects are limited, as some issuers still dominate the portfolio. Investment-grade credits also play a leading role, but the fund does have high-yield exposure too.

Classification

Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Broad maturities
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stocks99.14%
Finance83.07%
Utilities9.37%
Consumer Durables2.91%
Communications2.82%
Retail Trade0.33%
Government0.32%
Commercial Services0.31%
Bonds, Cash & Other0.86%
Mutual fund0.86%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy