PSK
SPDR ICE Preferred Securities ETF

Price: $43.29
Change: $0.1 (-0.0%)
Last Updated:

Vitals

Issuer State Street
Brand SPDR
Structure ETF
Expense Ratio 0.45%
ETF Home Page Home page
Inception Sep 16, 2009

Analyst Report

This ETF offers investors exposure to preferred stock, an interesting segment of the capital markets that most investors do not have a lot of exposure to. Preferred stock holders have a ‘preferred’ position on assets compared to other common shareholders should there be a liquidity event in the company. However, these shareholders generally do not have voting rights in exchange for this premium position. Preferred stock also generally pay out solid dividend yields but then also do not participate as much in equity appreciation as their common share counterparts. Due to this preferred stock could be appropriate for those seeking to boost yields in a portfolio or for those looking for less risky forms of equity exposure that are relatively absent from broad portfolios of stocks. PSK is reasonably diversified by both sector and in terms of total number of holdings; the fund has just over 160 securities and is heavily weighted towards the financial industry although other sectors do comprise nearly 20% of the fund as well. As a result, this fund should be considered part of the financial holding of a portfolio and only used in small amounts to boost yields. If used properly, PSK could be a powerful tool for investors, just be careful and make sure to not overinvest in the sector.

ETF Database Themes

Asset Class Preferred Stock
Asset Class Size Micro-Cap
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

  • Segment Fixed Income: U.S. - Corporate, Preferred
  • Category Corporate, Preferred
  • Focus Broad Credit
  • Niche Broad Maturities
  • Strategy Vanilla
  • Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $40.67
  • 52 Week Hi $43.76
  • AUM $1,497.1 M
  • Shares 34.6 M

Historical Trading Data

  • 1 Month Avg. Volume 173,287
  • 3 Month Avg. Volume 126,870

Alternative ETFs in the ETF Database Preferred Stock/Convertible Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest ICVT 0.20% $1.9 B 226,826 7.64%
Largest (AUM) PFF 0.46% $20.3 B 5 M 5.30%
Most Liquid (Volume) PFF 0.46% $20.3 B 5 M 5.30%
Top YTD Performer PFFA 1.47% $520.0 M 169,579 21.79%

Alternative ETFs in the FactSet Fixed Income: U.S. - Corporate, Preferred Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest PFFD 0.23% $2.5 B 647,042 4.25%
Largest (AUM) PFF 0.46% $20.3 B 5 M 5.30%
Most Liquid (Volume) PFF 0.46% $20.3 B 5 M 5.30%
Top YTD Performer PFXF 0.40% $1.1 B 156,850 8.42%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

PSK ETF Database Category Average FactSet Segment Average
Number of Holdings 150 189 210
% of Assets in Top 10 16.89% 24.13% 22.75%
% of Assets in Top 15 22.79% 32.12% 30.24%
% of Assets in Top 50 53.79% 65.52% 61.12%

Size Comparison

PSK ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 7.07% 19.18%
Mid (>2.7B) N/A 1.67% 4.52%
Small (>600M) N/A 1.04% 2.82%
Micro (<600M) N/A 0.57% 1.54%

PSK Valuation

This section compares the P/E ratio of this ETF to its peers.

PSK
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
1.03
FactSet Segment Average
P/E Ratio
2.81

PSK Dividend

This section compares the dividend yield of this ETF to its peers.

PSK ETF Database Category Average FactSet Segment Average
Dividend $ 0.18 $ 0.09 $ 0.11
Dividend Date 2021-10-01 N/A N/A
Annual Dividend Rate $ 2.24 $ 1.36 $ 1.33
Annual Dividend Yield 5.16% 4.59% 4.96%

PSK Price and Volume Chart

PSK Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 8.65 M 1 Month Net Flows: 6.42 M 3 Month Net Flows: 30.43 M 6 Month Net Flows: 74.32 M 1 Year Net Flows: 228.85 M 3 Year Net Flows: 858.72 M 5 Year Net Flows: 993.18 M 10 Year Net Flows: 1.43 B

PSK Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for PSK on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Preferred Stock/Convertible Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- n/a
Expenses A n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

PSK Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

PSK
Expense Ratio
0.45%
ETF Database Category Average
Expense Ratio
0.56%
FactSet Segment Average
Expense Ratio
0.44%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores
7.47/10
ESG Score
77.46%
Global Percentile
83.25%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      1.34%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      307.2
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      1.34%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      7.01%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

PSK Performance

This section shows how this ETF has performed relative to its peers.

PSK ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.40% 0.05% 0.00%
3 Month Return 0.45% 1.23% 1.11%
YTD Return 1.18% 5.82% 4.61%
1 Year Return 5.07% 14.47% 10.53%
3 Year Return 23.06% 35.01% 26.93%
5 Year Return 26.23% 35.95% 22.48%

Geographic Exposure

The following charts reflect the geographic spread of PSK's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of PSK's underlying holdings.

PSK Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
198.09%
Rank
6 of 19

20 Day Volatility
6.38%
Rank
10 of 19

50 Day Volatility
5.13%
Rank
12 of 19

200 Day Volatility
4.27%
Rank
13 of 19

Beta
0.31
Rank
18 of 19

Standard Deviation
0.73%
Rank
9 of 19

Technicals

  • 20 Day MA $43.12
  • 60 Day MA $43.29
  • MACD 15 Period 0.20
  • MACD 100 Period 0.01
  • Williams % Range 10 Day 24.14
  • Williams % Range 20 Day 23.86
  • RSI 10 Day 54
  • RSI 20 Day 51
  • RSI 30 Day 51
  • Ultimate Oscillator 60

Bollinger Bands

  • Lower Bollinger (10 Day) $42.68
  • Upper Bollinger (10 Day) $43.64
  • Lower Bollinger (20 Day) $42.66
  • Upper Bollinger (20 Day) $43.58
  • Lower Bollinger (30 Day) $42.73
  • Upper Bollinger (30 Day) $43.74

Support & Resistance

  • Support Level 1 $43.23
  • Support Level 2 $43.18
  • Resistance Level 1 $43.37
  • Resistance Level 2 $43.46

Stochastic

  • Stochastic Oscillator %D (1 Day) 52.98
  • Stochastic Oscillator %D (5 Day) 57.35
  • Stochastic Oscillator %K (1 Day) 60.42
  • Stochastic Oscillator %K (5 Day) 63.65

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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