PSK vs. JHPI ETF Comparison

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

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

$34.41

Average Daily Volume

122,231

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$23.06

Average Daily Volume

11,457

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSK	JHPI
30 Days	-2.27%	-0.39%
60 Days	-3.30%	-0.16%
90 Days	0.33%	2.16%
12 Months	12.84%	16.36%

8 Overlapping Holdings

Symbol	Grade	Weight in PSK	Weight in JHPI	Overlap
CMSC	C	0.37%	0.35%	0.35%
CMSD	C	0.85%	1.09%	0.85%
DTW	D	0.53%	0.87%	0.53%
ESGRP	D	0.46%	0.35%	0.35%
NRUC	D	0.33%	0.18%	0.18%
SOJD	D	1.23%	0.19%	0.19%
SREA	D	1.02%	1.15%	1.02%
UNMA	C	0.41%	0.54%	0.41%

PSK Overweight 18 Positions Relative to JHPI

Symbol	Grade	Weight
TBB	C	1.73%
TBC	C	1.11%
RZC	C	1.03%
PRS	C	0.76%
DUKB	D	0.68%
FITBI	B	0.63%
SOJC	D	0.6%
PFH	D	0.56%
RZB	C	0.55%
EAI	D	0.5%
BAC	A	0.43%
ACGLO	D	0.42%
MGR	D	0.39%
GPJA	D	0.34%
TVC	C	0.32%
ELC	D	0.32%
EMP	D	0.31%
AIZN	D	0.3%

PSK Underweight 6 Positions Relative to JHPI

Symbol	Grade	Weight
AQNB	C	-1.09%
QRTEP	F	-0.55%
CMSA	C	-0.49%
AFGC	D	-0.48%
NEE	C	-0.47%
UZE	B	-0.37%

PSK: Top Represented Industries & Keywords

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