PSK - SPDR Wells Fargo Preferred Stock ETF Fact Sheet
PSK Tracks This Index: Wells Fargo Hybrid and Preferred Securities Aggregate Index
Description: The Wells Fargo Hybrid and Preferred Securities Aggregate 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.
Description: The Wells Fargo Hybrid and Preferred Securities Aggregate 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.
- Issuer: State Street
- Expense Ratio: 0.45%
- ETFdb Category: Preferred Stock/Convertible Bonds
- ETF Home Page: PSK
- Inception: 2009-09-16
Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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