PSK vs. PFLD ETF Comparison

Comparison of SPDR Wells Fargo Preferred Stock ETF (PSK) to AAM Low Duration Preferred and Income Securities ETF (PFLD)

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

$33.60

Average Daily Volume

100,144

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFLD

AAM Low Duration Preferred and Income Securities ETF

PFLD Description

The investment seeks to track the total return performance, before fees and expenses, of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. The index measures the performance of exchange-listed, U.S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange (NYSE) or NASDAQ Capital Market (NASDAQ) with an option-adjusted duration of less than 5 years. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index.

Grade (RS Rating)

Last Trade

$20.95

Average Daily Volume

94,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSK	PFLD
30 Days	-1.80%	-0.37%
60 Days	-2.25%	-0.04%
90 Days	-0.30%	2.11%
12 Months	11.36%	12.00%

10 Overlapping Holdings

Symbol	Grade	Weight in PSK	Weight in PFLD	Overlap
CMSC	B	0.4%	0.48%	0.4%
CMSD	C	0.89%	1.09%	0.89%
ESGRP	A	0.6%	0.73%	0.6%
FITBI	A	0.67%	0.82%	0.67%
NRUC	A	0.36%	0.44%	0.36%
PRS	C	0.79%	0.96%	0.79%
RZB	A	0.59%	0.71%	0.59%
RZC	B	1.07%	1.31%	1.07%
SREA	C	1.06%	1.31%	1.06%
TBC	C	1.14%	1.4%	1.14%

PSK Overweight 14 Positions Relative to PFLD

Symbol	Grade	Weight
TBB	D	1.75%
SOJD	D	1.26%
DUKB	D	0.69%
SOJC	D	0.6%
PFH	D	0.57%
DTW	D	0.54%
EAI	D	0.52%
ACGLO	D	0.43%
MGR	D	0.39%
GPJA	D	0.36%
ELC	D	0.34%
TVC	C	0.33%
EMP	D	0.33%
AIZN	D	0.31%

PSK Underweight 23 Positions Relative to PFLD

Symbol	Grade	Weight
QRTEP	C	-1.07%
AGNC	C	-0.97%
CHSCL	C	-0.95%
CHSCM	B	-0.89%
CHSCN	B	-0.78%
NSS	B	-0.73%
AQNB	A	-0.62%
AGNCN	A	-0.59%
UNMA	A	-0.53%
WTFCP	A	-0.51%
DDT	A	-0.37%
SLMBP	B	-0.34%
TVE	C	-0.32%
NYMTM	A	-0.31%
RILYN	B	-0.27%
ZIONO	B	-0.25%
NYMTN	D	-0.23%
WTFCM	A	-0.21%
NYMTL	B	-0.2%
VLYPP	A	-0.18%
BPOPM	C	-0.18%
VLYPO	A	-0.17%
CSSEP	D	-0.02%

PSK: Top Represented Industries & Keywords

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