State Street SPDR ICE Preferred Securities ETF
PSK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Sep 17, 2009
- CIK
- 0001064642
- Website
- ssga.com
- Similar Companies
- Business
- SPDR ICE Preferred Securities ETF (PSK) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index. The fund primarily invests in a market capitalization-weighted portfolio of U.S. dollar-denominated, non-convertible preferred securities and functionally equivalent hybrid securities, including fixed- and adjustable-rate preferred stocks, depositary shares, and subordinated debt issued by financial institutions, utilities, and other corporates; these holdings must feature a $25 par amount, investment-grade ratings from Moody's Investors Service, Inc. or S&P Global Ratings, a minimum outstanding par value of $250 million, listing on the NYSE or Nasdaq, minimum monthly trading volume of 250,000 units over the prior six months, public registration or exemption under the Securities Act of 1933, and at least one day remaining to maturity. Top holdings as of September 30, 2025, include Citigroup Capital XIII (3.72%), AT&T Inc. (1.67%), Capital One Financial Corp. (1.66% combined across series), Wells Fargo & Company (1.62%), Allstate Corp. (1.40%), Duke Energy Corp. (1.37%), NextEra Energy Capital Holdings (1.24%), Athene Holding Ltd. (1.20%), and Southern Co. (1.15%), with the top 10 representing approximately 15% of assets; sector allocations emphasize financials (67.31%), utilities (13.51%), real estate (4.64%), and communication services (1.69%), across 157 holdings. The fund, with net assets of approximately $777 million, a gross expense ratio of 0.45%, and a 30-day SEC yield of 5.76% as of September 30, 2025, targets income-oriented investors seeking exposure to investment-grade preferred securities in developed U.S. markets. Launched on September 16, 2009, and domiciled in the United States with shares traded on NYSE Arca, PSK underwent a significant rebranding prior to May 1, 2021, transitioning from the SPDR Wells Fargo Preferred Stock ETF—tracking the Wells Fargo Hybrid and Preferred Securities Aggregate Index—to its current name and benchmark, the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index, while maintaining management by State Street Investment Management (formerly State Street Global Advisors) under SSGA Funds Management, Inc. No major acquisitions, funding rounds, partnerships, or new product launches have been reported for the fund in the last 1-2 years, with ongoing monthly distributions (e.g., $0.18 per share in recent periods) and standard monthly rebalancing reflecting routine operations.