PSK vs. FPE ETF Comparison

Comparison of SPDR Wells Fargo Preferred Stock ETF (PSK) to First Trust Preferred Securities and Income ETF ETF (FPE)

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

$34.44

Average Daily Volume

122,023

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPE

First Trust Preferred Securities and Income ETF ETF

FPE Description

The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). It invests in securities that are traded over-the-counter or listed on an exchange. The fund may invest in U.S. and non-U.S. debt and equity securities that are traded over-the-counter or listed on an exchange. It invests at least 60% of its net assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.81

Average Daily Volume

1,208,680

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSK	FPE
30 Days	-1.46%	-0.89%
60 Days	-3.11%	-1.20%
90 Days	0.42%	1.08%
12 Months	12.94%	16.25%

7 Overlapping Holdings

Symbol	Grade	Weight in PSK	Weight in FPE	Overlap
ACGLO	C	0.42%	0.0%	0.0%
AIZN	D	0.3%	0.2%	0.2%
CMSC	C	0.38%	0.16%	0.16%
CMSD	C	0.85%	0.11%	0.11%
DTW	D	0.52%	0.03%	0.03%
MGR	D	0.39%	0.04%	0.04%
SREA	D	1.02%	0.2%	0.2%

PSK Overweight 19 Positions Relative to FPE

Symbol	Grade	Weight
TBB	C	1.75%
SOJD	F	1.22%
TBC	C	1.14%
RZC	C	1.04%
PRS	B	0.76%
DUKB	C	0.68%
FITBI	C	0.63%
SOJC	D	0.6%
RZB	C	0.56%
PFH	F	0.55%
EAI	C	0.5%
BAC	A	0.43%
ESGRP	D	0.43%
UNMA	C	0.41%
GPJA	F	0.34%
NRUC	D	0.33%
TVC	C	0.32%
ELC	C	0.32%
EMP	D	0.31%

PSK Underweight 11 Positions Relative to FPE

Symbol	Grade	Weight
BIL	A	-1.2%
USFR	A	-1.19%
SHV	A	-1.08%
UZE	B	-0.52%
AQNB	C	-0.46%
BPYPN	D	-0.36%
BPYPO	C	-0.31%
T	A	-0.18%
WTFCP	A	-0.18%
CHSCM	D	-0.13%
AGNC	D	-0.01%

PSK: Top Represented Industries & Keywords

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