PSK: SPDR® Wells Fargo Preferred Stock ETF - MutualFunds.com
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SPDR® Wells Fargo Preferred Stock ETF

PSK - Snapshot

Vitals

  • YTD Return -1.7%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $1.34 B
  • Holdings in Top 10 16.0%

52 WEEK LOW AND HIGH

$43.73
$41.10
$44.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Preferred Stock

Compare PSK to Popular Preferred Stock Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$38.87

+0.03%

$18.32 B

4.63%

$1.80

0.55%

0.46%

$14.38

+0.07%

$11.27 B

5.08%

$0.73

-0.21%

0.85%

$10.49

+0.10%

$8.02 B

4.33%

$0.45

0.19%

0.81%

$15.15

0.00%

$6.73 B

4.92%

$0.75

-1.25%

0.50%

$20.36

-0.05%

$6.19 B

4.77%

$0.97

1.04%

0.85%

PSK - Profile

Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.39%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    SPDR® Wells Fargo Preferred Stock ETF
  • Fund Family Name
    SPDR State Street Global Advisors
  • Inception Date
    Sep 16, 2009
  • Shares Outstanding
    30950000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of Wells Fargo Hybrid and Preferred Securities Aggregate Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock. The fund is non-diversified.


PSK - Performance

Return Ranking - Trailing

Period PSK Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -1.7% 11.4% 100.00%
1 Yr 16.5% 14.4% 110.1% 92.41%
3 Yr 5.7%* 0.2% 9.4% 71.83%
5 Yr 4.9%* 2.0% 10.2% 89.39%
10 Yr 5.5%* 5.3% 10.8% 97.50%

* Annualized

Return Ranking - Calendar

Period PSK Return Category Return Low Category Return High Rank in Category (%)
2020 0.9% -79.5% 4.8% 33.33%
2019 11.2% 2.3% 20.1% 65.33%
2018 -10.2% -19.0% -5.7% 55.88%
2017 5.0% -5.0% 18.5% 70.97%
2016 -6.1% -6.1% 1.7% 100.00%

Total Return Ranking - Trailing

Period PSK Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -1.6% 11.5% 100.00%
1 Yr 16.5% 12.9% 110.1% 91.14%
3 Yr 5.7%* -0.8% 9.4% 66.20%
5 Yr 4.9%* 1.7% 10.2% 89.39%
10 Yr 5.5%* 5.3% 10.8% 97.50%

* Annualized

Total Return Ranking - Calendar

Period PSK Return Category Return Low Category Return High Rank in Category (%)
2020 0.9% -24.8% 4.8% 34.62%
2019 11.2% 2.3% 20.1% 66.67%
2018 -10.2% -19.0% -1.8% 64.71%
2017 5.0% -5.0% 18.5% 83.87%
2016 -6.1% -6.1% 7.5% 100.00%

PSK - Holdings

Concentration Analysis

PSK Category Low Category High PSK % Rank
Net Assets 1.34 B 12.1 M 18.3 B 47.56%
Number of Holdings 160 47 515 71.95%
Net Assets in Top 10 214 M 2.34 M 2.64 B 50.00%
Weighting of Top 10 16.03% 12.6% 47.2% 62.20%

Top 10 Holdings

  1. Citigroup Capital XIII Floating Rate Trust Pfd Secs Registered 2010-30.10.4 2.78%
  2. PNC Financial Services Group Inc Perpetual Preferred Share class-P 1.83%
  3. Capital One Financial Corp Series I 1.77%
  4. HSBC Holdings PLC ADR - American 1/40th of 6.20% Non-Cum Dollar Pref Shr, S 1.60%
  5. AT&T Inc 0% 1.59%
  6. Capital One Financial Corp 4.80% PRF PERPETUAL USD 25 - 1/40TH INT Series J 1.44%
  7. Allstate Corp 5.10% PRF PERPETUAL USD 25 - Ser H 1/1000th Int 1.43%
  8. JPMorgan Chase & Co 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE 1.37%
  9. U.S. Bancorp Shs Repr 1/1000th Non Cum Perp Pfd Shs Series-F 1.31%
  10. Duke Energy Corp 5.75% PRF PERPETUAL USD 25 - Ser A 1/1000th Int 1.27%

Asset Allocation

Weighting Return Low Return High PSK % Rank
Preferred Stocks
98.41% 2.55% 119.38% 6.10%
Other
0.78% 0.00% 16.63% 24.39%
Cash
0.51% -28.24% 19.51% 78.05%
Stocks
0.31% 0.00% 53.42% 63.41%
Convertible Bonds
0.00% 0.00% 38.39% 98.78%
Bonds
0.00% -0.99% 82.31% 97.56%

Stock Sector Breakdown

Weighting Return Low Return High PSK % Rank
Utilities
100.00% 0.00% 100.00% 5.17%
Technology
0.00% 0.00% 0.00% 75.86%
Real Estate
0.00% 0.00% 100.00% 81.03%
Industrials
0.00% 0.00% 22.67% 75.86%
Healthcare
0.00% 0.00% 4.60% 75.86%
Financial Services
0.00% 0.00% 100.00% 89.66%
Energy
0.00% 0.00% 42.88% 79.31%
Communication Services
0.00% 0.00% 57.12% 79.31%
Consumer Defense
0.00% 0.00% 2.14% 75.86%
Consumer Cyclical
0.00% 0.00% 0.00% 75.86%
Basic Materials
0.00% 0.00% 10.71% 77.59%

Stock Geographic Breakdown

Weighting Return Low Return High PSK % Rank
US
0.31% 0.00% 49.42% 32.93%
Non US
0.00% 0.00% 4.00% 84.15%

PSK - Expenses

Operational Fees

PSK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.15% 4.20% 94.94%
Management Fee 0.45% 0.00% 1.21% 12.20%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

PSK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.00% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PSK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PSK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 6.30% 202.00% 36.25%

PSK - Distributions

Dividend Yield Analysis

PSK Category Low Category High PSK % Rank
Dividend Yield 2.06% 0.00% 3.52% 12.20%

Dividend Distribution Analysis

PSK Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PSK Category Low Category High PSK % Rank
Net Income Ratio 5.39% 2.64% 7.54% 25.00%

Capital Gain Distribution Analysis

PSK Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Dividend Payout History

View More +

PSK - Fund Manager Analysis

Managers

Michael Feehily


Start Date

Tenure

Tenure Rank

Oct 31, 2011

9.42

9.4%

Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.

Karl Schneider


Start Date

Tenure

Tenure Rank

Oct 31, 2014

6.42

6.4%

Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.

Amy Scofield


Start Date

Tenure

Tenure Rank

Jan 03, 2017

4.24

4.2%

Amy Scofield is a Principal of SSGA and a Portfolio Manager in the Global Equity Beta Solutions Group. Ms. Scofield rejoined SSGA in November of 2010, after spending two years at Atlantic Trust Company, a private wealth management firm. In her role at Atlantic Trust Company, Ms. Scofield specialized in asset allocation and performance analysis for high net worth clients. Prior to Atlantic Trust Company, Ms. Scofield was a compliance officer at SSGA, where she was responsible for ensuring equity portfolios met specified guidelines. Ms. Scofield also worked as an operations associate in SSGA's International Structured Products Group. Ms. Scofield holds a Bachelor of Arts in Economics from Boston College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 29.15 7.46 10.25