FXED vs. PSK ETF Comparison

Comparison of Sound Enhanced Fixed Income ETF (FXED) to SPDR Wells Fargo Preferred Stock ETF (PSK)

FXED

Sound Enhanced Fixed Income ETF

FXED Description

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.77

Average Daily Volume

7,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSK

SPDR Wells Fargo Preferred Stock ETF

PSK Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.97

Average Daily Volume

140,403

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXED	PSK
30 Days	-1.87%	-0.98%
60 Days	-0.63%	0.80%
90 Days	3.02%	5.16%
12 Months	13.52%	14.82%

2 Overlapping Holdings

	Symbol	Grade	Weight in FXED	Weight in PSK	Overlap
	CMSD	B	2.28%	0.85%	0.85%
	SOJD	C	2.14%	1.24%	1.24%

FXED Overweight 22 Positions Relative to PSK

Symbol	Grade	Weight
HTGC	C	3.6%
ARCC	B	3.33%
GBDC	D	2.86%
AWF	D	2.85%
PFLT	D	2.81%
TSLX	D	2.54%
SPG	A	2.08%
PCY	D	2.06%
T	B	1.99%
HYEM	A	1.94%
VICI	D	1.44%
WHF	B	1.42%
O	D	1.18%
PLYM	F	1.17%
OHI	B	1.15%
BXSL	B	1.07%
PINE	D	0.98%
NNN	D	0.75%
NHI	D	0.52%
PK	D	0.5%
APLE	B	0.39%
GLPI	C	0.34%

FXED Underweight 23 Positions Relative to PSK

Symbol	Grade	Weight
TBB	C	-1.73%
TBC	C	-1.12%
RZC	A	-1.02%
SREA	A	-1.02%
PRS	C	-0.77%
DUKB	C	-0.67%
FITBI	A	-0.62%
SOJC	D	-0.59%
PFH	D	-0.55%
RZB	B	-0.54%
DTW	D	-0.53%
EAI	D	-0.51%
ESGRP	C	-0.45%
ACGLO	A	-0.42%
MGR	B	-0.4%
UNMA	C	-0.4%
CMSC	B	-0.37%
GPJA	D	-0.35%
ELC	D	-0.33%
NRUC	C	-0.33%
EMP	D	-0.32%
TVC	C	-0.31%
AIZN	A	-0.3%

PSK: Top Represented Industries & Keywords

Industries: Other Insurance - Diversified Banks - Regional - US Electric Utilities Insurance