PSK

State Street SPDR ICE Preferred Securities ETF

$32.28

+0.00%

Market closed. Last update: 12:26 PM ET

📎 Investment Objective

The SPDR ICE Preferred Securities ETF (PSK) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ICE Exchange-Listed Preferred & Hybrid Securities Index.

Overview

ETF tracking State Street SPDR ICE Preferred Securities ETF

Category Preferred

Issuer State Street

Inception Date 2009-09-17

Market Cap $807.1M

Average Volume N/A

Dividend Yield 5.58%

52-Week Range $31.07 - $34.71

VWAP $32.16

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund employs a passive management approach, investing in a representative sample of securities included in the underlying index. The index tracks the performance of preferred and hybrid securities listed on US exchanges.

✨ Key Features

Provides exposure to a diversified portfolio of preferred and hybrid securities
Tracks the ICE Exchange-Listed Preferred & Hybrid Securities Index, a benchmark for the US preferred securities market
Low expense ratio of 0.00%
Suitable for investors seeking income and potential capital appreciation from preferred securities

⚠️ Primary Risks

Interest rate risk: Preferred securities are sensitive to changes in interest rates, which can negatively impact their prices
Credit risk: The fund is exposed to the creditworthiness of the issuers of the preferred securities it holds
Liquidity risk: Preferred securities may have lower trading volumes, which can make them difficult to buy or sell
Concentration risk: The fund's performance is tied to the preferred securities market, which may underperform other asset classes

👤 Best For

This ETF may be suitable for investors seeking income and potential capital appreciation from preferred securities, and who have a moderate risk tolerance and a medium-to long-term investment horizon.