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    SPDR® Wells Fargo® Preferred Stock ETF PSK

    Important Risk Disclosure

    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    $43.61

    as of Apr 13 2021

    Base Currency

    USD

    Assets Under Management

    $1,415.22 M

    as of Apr 13 2021

    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    0.45%

    Quick Links

    Key Features

    Key Features

    • The SPDR® Wells Fargo® Preferred Stock ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Wells Fargo® Hybrid and Preferred Securities Aggregate Index (the “Index”)
    • Seeks to provide exposure to preferred securities that are non-convertible, have a par amount of $25, and maintain a minimum par value of $250 million
    • The Index holdings are required to be rated investment grade by either Moody’s Investors Service, Inc. or Standard & Poor’s Financial Services, LLC.

    About this Benchmark

    About this Benchmark

    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.  The Index includes Preferred Securities that meet the following criteria: (i) are non-convertible; (ii) have a par amount of $25; (iii) be listed on the NYSE or NYSE Arca; (iv) must maintain a minimum par value of $250 million; (v) be U.S. dollar denominated; (vi) be rated investment grade by one of Moody’s Investors Service, Inc. or Standard & Poor’s Ratings Services; (vii) be publicly registered or exempt from registration under the Securities Act of 1933; and (viii) have a minimum monthly trading volume during each of the last six months of at least 250,000 trading units.  The Index does not include auction rate preferred securities, convertible preferred shares, securities subject to sinking fund provisions, shares in closed-end funds, municipal securities, or repackaged securities linked to a security, a basket of securities or an index.  The Index is rebalanced monthly, on the final NYSE Arca trading day of each month.

    Fund Information as of Apr 13 2021

    Fund Information as of Apr 13 2021
    Benchmark Inception Date Options Available Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 Base Currency Investment Manager Management Team
    Wells Fargo Hybrid and Preferred Securities Aggregate Index Sep 16 2009 No 0.45% USD SSGA Funds Management, Inc. Global Equity Beta Solutions
    Benchmark Wells Fargo Hybrid and Preferred Securities Aggregate Index
    Inception Date Sep 16 2009
    Options Available No
    Gross Expense Ratio

    Gross Expense Ratio

    The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

    		 0.45%
    Base Currency USD
    Investment Manager SSGA Funds Management, Inc.
    Management Team Global Equity Beta Solutions
    Distributor Distribution Frequency
    State Street Global Advisors Funds Distributors, LLC Monthly
    Distributor State Street Global Advisors Funds Distributors, LLC
    Distribution Frequency Monthly

    Listing Information as of Apr 13 2021

    Listing Information as of Apr 13 2021
    Exchange Listing Date Trading Currency Ticker CUSIP ISIN
    NYSE ARCA EXCHANGE Sep 17 2009 USD PSK 78464A292 US78464A2924
    Exchange NYSE ARCA EXCHANGE
    Listing Date Sep 17 2009
    Trading Currency USD
    Ticker PSK
    CUSIP 78464A292
    ISIN US78464A2924

    Fund Characteristics as of Apr 13 2021

    Fund Characteristics as of Apr 13 2021
    Number of Holdings Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.
    161 1.17% 5.39%
    Number of Holdings 161
    Average Yield To Worst

    The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

    		 1.17%
    Current Yield

    Current Yield

    A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

    		 5.39%

    Index Characteristics as of Apr 12 2021

    Index Characteristics as of Apr 12 2021
    Number of Holdings Average Yield To Worst Current Yield
    161 1.29% 5.36%
    Number of Holdings 161
    Average Yield To Worst 1.29%
    Current Yield 5.36%

    Yields as of Apr 12 2021

    Yields as of Apr 12 2021
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 Index Dividend Yield

    Index Dividend Yield

    The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.
    4.35% - 5.13% 5.07%
    30 Day SEC Yield

    30 Day SEC Yield

    (Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

    		 4.35%
    30 Day SEC Yield (Unsubsidized)

    30 Day SEC Yield (Unsubsidized)

    An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

    		 -
    Fund Dividend Yield

    Fund Dividend Yield

    The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

    		 5.13%
    Index Dividend Yield

    Index Dividend Yield

    The weighted average of the underlyings' indicated annual dividend divided by price, expressed as a percentage.

    		 5.07%

    Fund Market Price as of Apr 13 2021

    Fund Market Price as of Apr 13 2021
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 Day High Day Low Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.
    $43.67 $43.69 $43.69 $43.50 29,764 0.13% 0.05%
    Bid/Ask

    Bid/Ask Mid Point

    (Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

    		 $43.67
    Closing Price

    Closing Price

    Market Price of last reported trade on the exchange.

    		 $43.69
    Day High $43.69
    Day Low $43.50
    Exchange Volume (Shares)

    Exchange Volume (shares)

    Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

    		 29,764
    Premium/Discount

    Premium/Discount to NAV

    Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

    		 0.13%
    30-Day Median Bid/Ask Spread

    The median bid-ask spread is calculated by identifying national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and posted on each business day.

    		 0.05%

    Premium Discount to NAV Graph and Summary

    The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

    x axis: Dates
    y axis: Premium or Discount (bps)

    Number of Days Summary

    Calendar Year 2020 First Quarter of 2021
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    		 164 25
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    		 89 36
    Days Traded at Premium
    Number of days the ETF closing price was above the NAV.
    Calendar Year 2020 164
    First Quarter of 2021 25
    Days Traded at Discount
    Number of days the ETF closing price was below the NAV.
    Calendar Year 2020 89
    First Quarter of 2021 36
    Fund Data

    Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

    Fund Net Cash Amount as of Apr 13 2021

    Fund Net Cash Amount as of Apr 13 2021
    Net Cash Amount
    $2,605,184.34
    Net Cash Amount $2,605,184.34

    Fund Net Asset Value as of Apr 13 2021

    Fund Net Asset Value as of Apr 13 2021
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 Shares Outstanding Assets Under Management
    $43.61 32.45 M $1,415.22 M
    NAV

    NAV

    The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

    		 $43.61
    Shares Outstanding 32.45 M
    Assets Under Management $1,415.22 M
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: Sep 16 2009
    Performance
    Month End Quarter End

    as of Mar 31 2021

    as of Mar 31 2021

    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Sep 16 2009
    Fund Before Tax
    NAV Mar 31 2021 2.57% -1.53% -1.53% 16.52% 5.70% 4.89% 5.47% 6.78%
    Market Value Mar 31 2021 2.73% -1.34% -1.34% 16.28% 5.77% 4.88% 5.49% 6.80%
    Wells Fargo Hybrid and Preferred Securities Aggregate Index Mar 31 2021 2.63% -1.42% -1.42% 17.06% 6.01% 5.23% 5.73% 7.09%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 2.40% -1.86% -1.86% 14.46% 3.76% 3.00% 3.44% 4.74%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 1.52% -0.91% -0.91% 10.12% 3.76% 3.15% 3.53% 4.63%
    Wells Fargo Hybrid and Preferred Securities Aggregate Index Mar 31 2021 2.63% -1.42% -1.42% 17.06% 6.01% 5.23% 5.73% 7.09%
    As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
    Sep 16 2009
    Fund Before Tax
    NAV Mar 31 2021 2.57% -1.53% -1.53% 16.52% 5.70% 4.89% 5.47% 6.78%
    Market Value Mar 31 2021 2.73% -1.34% -1.34% 16.28% 5.77% 4.88% 5.49% 6.80%
    Wells Fargo Hybrid and Preferred Securities Aggregate Index Mar 31 2021 2.63% -1.42% -1.42% 17.06% 6.01% 5.23% 5.73% 7.09%
    Fund After Tax
    Return after Taxes on Distributions Mar 31 2021 2.40% -1.86% -1.86% 14.46% 3.76% 3.00% 3.44% 4.74%
    Return after Taxes on Distributions and Sale of Fund Shares Mar 31 2021 1.52% -0.91% -0.91% 10.12% 3.76% 3.15% 3.53% 4.63%
    Wells Fargo Hybrid and Preferred Securities Aggregate Index Mar 31 2021 2.63% -1.42% -1.42% 17.06% 6.01% 5.23% 5.73% 7.09%

    Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

    Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

    The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

    Gross Expense Ratio: 0.45%

    Top Holdings

    Subject to change.

    Top Holdings

    Subject to change.

    Fund Top Holdingsas of Apr 13 2021
    Index Top Holdingsas of Apr 12 2021

    Fund Top Holdings as of Apr 13 2021

    Name Shares Held Weight
    Citigroup Capital XIII Tr Pfd Secs 2010-30.10.40 Global Fltg Rt 1,423,437 2.75%
    PNC Financial Services Group Inc. Deposit Shs Repr 1/4000th Non-Cum Perp Pfd Shs Series P 950,132 1.80%
    Capital One Financial Corporation Depositary Shs Repr 1/40th 5% Non-Cum Red Perp Pfd Registered Shs Ser I 950,072 1.77%
    AT&T Inc 5.35 % Notes 2017-01.11.66 Global 837,510 1.59%
    Capital One Financial Corporation Depositary Shs Repr 1/40th 4.8% Non-Cum Red Perp Pfd RegisteredShs Ser J 791,458 1.43%
    Allstate Corporation Depositary Shs Repr 1/1000th 5.1% Non-Cum Red Perp Pfd Series H 728,123 1.39%
    U.S. Bancorp Deposit Shs Repr 1/1000th Non Cum Perp Pfd Shs Series-F 696,354 1.28%
    Duke Energy Corp Depositary Shs Repr 1/1000th Cum Red Perp Pfd Registered Sh Series A 633,001 1.24%
    Southern Co 4.95 % Notes 2020-30.01.80 Global Series 2020A 632,912 1.20%
    Metlife Inc Depositary Shs Repr 1/1000th 4.75 % Non-Cum Perp Red Pfd Shs Series F 632,913 1.20%

    Index Top Holdings as of Apr 12 2021

    Name Weight
    Citigroup Capital XIII Tr Pfd Secs 2010-30.10.40 Global Fltg Rt 2.76%
    PNC Financial Services Group Inc. Deposit Shs Repr 1/4000th Non-Cum Perp Pfd Shs Series P 1.81%
    Capital One Financial Corporation Depositary Shs Repr 1/40th 5% Non-Cum Red Perp Pfd Registered Shs Ser I 1.77%
    AT&T Inc 5.35 % Notes 2017-01.11.66 Global 1.59%
    Capital One Financial Corporation Depositary Shs Repr 1/40th 4.8% Non-Cum Red Perp Pfd RegisteredShs Ser J 1.44%
    Allstate Corporation Depositary Shs Repr 1/1000th 5.1% Non-Cum Red Perp Pfd Series H 1.40%
    U.S. Bancorp Deposit Shs Repr 1/1000th Non Cum Perp Pfd Shs Series-F 1.29%
    Duke Energy Corp Depositary Shs Repr 1/1000th Cum Red Perp Pfd Registered Sh Series A 1.25%
    Southern Co 4.95 % Notes 2020-30.01.80 Global Series 2020A 1.20%
    Metlife Inc Depositary Shs Repr 1/1000th 4.75 % Non-Cum Perp Red Pfd Shs Series F 1.20%

    Sector Allocation

    Sector Allocation
    Fund Sector Breakdownas of Apr 13 2021
    Index Sector Breakdownas of Apr 12 2021

    Fund Sector Breakdown as of Apr 13 2021

    Sector Weight
    Financials 70.14%
    Utilities 15.16%
    Real Estate 6.92%
    Communication Services 4.51%
    Finance 2.11%
    Energy 0.72%
    Commercial Services 0.44%

    Index Sector Breakdown as of Apr 12 2021

    Sector Weight
    Financials 68.81%
    Utilities 15.15%
    Real Estate 6.92%
    Communication Services 4.51%
    Finance 2.11%
    Unassigned 1.34%
    Energy 0.72%
    Commercial Services 0.44%
    Fund Documents
    Tax Documents
    Information & Schedules
    Insights & Resources

    Purchase Information

    Purchase Information

    Buying and Selling ETFs

    ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

    ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

    Ordinary brokerage commissions may apply.

    Fund Footnotes

    In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

    After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

    Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

    Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

    Unless otherwise noted all information contained herein is that of the SPDR Wells Fargo Preferred Stock ETF.

    As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

    Wells Fargo® Hybrid and Preferred Securities Aggregate Index are trademarks of Wells Fargo & Company and have been licensed for use by State Street Global Advisors.  The product is not sponsored, issued or advised by Wells Fargo & Company or its affiliates and Wells Fargo & Company makes no representation regarding the performance of the index or this product.

    View More Information About Our Firm: FINRA's BrokerCheck 

    ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
     

    Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.
     

    Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA , SIPC,  an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.
     

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    Information for Non-U.S. Investors:
     

    The products and services described on this web site are intended to be made available only to persons in the United States, and the information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
     

    Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus  now, or talk to your financial advisor. Read it carefully before investing.
      

    Not FDIC Insured * No Bank Guarantee * May Lose Value            

                          

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