JHPI vs. PSK ETF Comparison

Comparison of John Hancock Preferred Income ETF (JHPI) to SPDR Wells Fargo Preferred Stock ETF (PSK)

JHPI

John Hancock Preferred Income ETF

JHPI Description

Under normal market conditions, the fund invests at least 80% of its net assets in preferred stocks and other preferred securities. Preferred stocks and preferred securities include, but are not limited to, convertible preferred securities, corporate hybrid securities, trust preferred securities, cumulative and non-cumulative preferred stock, and depositary shares of preferred stock. The adviser will concentrate its investments in the group of industries that comprise the utilities and the communication sectors.

Grade (RS Rating)

Last Trade

$22.98

Average Daily Volume

11,311

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

$34.60

Average Daily Volume

144,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JHPI	PSK
30 Days	-0.80%	-2.47%
60 Days	2.07%	1.06%
90 Days	3.66%	3.77%
12 Months	18.50%	15.25%

9 Overlapping Holdings

Symbol	Grade	Weight in JHPI	Weight in PSK	Overlap
CMSC	C	0.35%	0.37%	0.35%
CMSD	C	1.1%	0.85%	0.85%
DTW	D	0.89%	0.53%	0.53%
ESGRP	B	0.35%	0.45%	0.35%
NRUC	C	0.19%	0.33%	0.19%
RZC	A	1.29%	1.02%	1.02%
SOJD	D	0.2%	1.24%	0.2%
SREA	A	1.18%	1.02%	1.02%
UNMA	D	0.54%	0.4%	0.4%

JHPI Overweight 6 Positions Relative to PSK

Symbol	Grade	Weight
AQNB	A	1.09%
QRTEP	F	0.52%
CMSA	C	0.5%
NEE	D	0.5%
AFGC	C	0.49%
UZE	B	0.37%

JHPI Underweight 16 Positions Relative to PSK

Symbol	Grade	Weight
TBB	C	-1.73%
TBC	D	-1.12%
PRS	C	-0.77%
DUKB	C	-0.67%
FITBI	A	-0.62%
SOJC	D	-0.59%
PFH	D	-0.55%
RZB	C	-0.54%
EAI	D	-0.51%
ACGLO	C	-0.42%
MGR	C	-0.4%
GPJA	D	-0.35%
ELC	D	-0.33%
EMP	D	-0.32%
TVC	C	-0.31%
AIZN	C	-0.3%

PSK: Top Represented Industries & Keywords

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