State Street SPDR ICE Preferred Securities ETF
$28.87−0.24 (−0.82%)
- Expense ratio
- 0.45%
- Fund size
- $666M
- 1Y return
- −6.8%
- Yield · Last 12 months
- 7.35%
- Holdings
- 165
- Volume · 30D
- 0.1M sh
- NAV per share
- $29.19
- 52W range
The ETF.net PSK Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 79Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 20Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 75Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 73Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 83Category rank
Our read on PSK
BMost preferred funds take the market as it comes. PSK's index counts only investment-grade-rated, $25-par preferreds, a quality filter written into the rules. Running since 2009, paying monthly.
The fund seeks to track the total return of the ICE Exchange-Listed Fixed & Adjustable Rate Preferred Securities Index before fees and expenses. Its mandate covers non-convertible preferred securities meeting specified size, listing, currency, rating, and liquidity requirements.
Why people hold it
- Index rules admit only non-convertible preferreds rated investment grade, at $25 par with $250M minimum size. That screen is written in, not a manager's call.ssga.com
- 0.45% a year, a touch under the typical fee in a preferred category where costs tend to run high.
- Trading since 2009 under State Street, with monthly distributions and roughly 160 issues in the book.
- Sits in the upper half of its preferred-ETF peer group in our review, backed by a long-running fund at a large, established shop.
Worth knowing
- Cheaper shelf-mates exist: PFFV runs 0.25% and EVPF 0.20%, though each slices the preferred market its own way.
- Preferreds sit low in the capital stack and move with both rates and credit, so price swings run wider than a plain bond fund's.
- A mid-sized, moderately traded fund rather than one of the category's household-name giants.
PSK Holdings
- Stocks
- 165
- 15%
- C-PN
Sectors
- Financials76.9%
- Utilities12.7%
- Real Estate4.3%
- Consumer Discr.2.7%
- Communication2.6%
- Energy0.5%
- Industrials0.3%
Geography
- United States95.53%
- Bermuda2.88%
- Canada1.60%
PSK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PSK |
|---|---|
| Year to date | −3.8% |
| 1 month | −1.1% |
| 3 months | −2.9% |
| 1 year | −6.8% |
| 3 years | +2.7% |
| 5 years | −1.8% |
| 10 years | +1.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PSK |
|---|---|---|
| 2026 YTD | −3.8% | |
| 2025 | +2.7% | |
| 2024 | +4.8% | |
| 2023 | +8.9% | |
| 2022 | −18.9% | |
| 2021 | +1.6% | |
| 2020 | +6.4% |
PSK in the news
ETF.net Research hasn’t filed on PSK yet — coverage lands here as it’s written.
PSK Dividends
- 7.35%
- $2.14
- $0.16 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.16 |
| Aug 3, 2026 | Aug 6, 2026 | $0.18 |
| Jul 1, 2026 | Jul 7, 2026 | $0.18 |
| Jun 1, 2026 | Jun 4, 2026 | $0.18 |
| May 1, 2026 | May 6, 2026 | $0.18 |
| Apr 1, 2026 | Apr 6, 2026 | $0.18 |
| Mar 2, 2026 | Mar 5, 2026 | $0.18 |
| Feb 2, 2026 | Feb 5, 2026 | $0.18 |
| Dec 18, 2025 | Dec 23, 2025 | $0.18 |
| Dec 1, 2025 | Dec 4, 2025 | $0.18 |
| Nov 3, 2025 | Nov 6, 2025 | $0.18 |
| Oct 1, 2025 | Oct 6, 2025 | $0.18 |
PSK Risk
- 9.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.13
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PSK Cost
- The middle half of Preferred Securities funds
- Median 0.50%
5 of the 31 Preferred Securities funds charge less.