Summary
State Street SPDR ICE Preferred Securities ETF is an ETF - a fund traded on an exchange like a stock - run by SPDR. Positions inside: 167. The ten largest make up 15% of the fund.
- Yearly costs
- 0.45%
- Fund size
- $637.5M
- Positions
- 167
- Dividend yield
- 7.57%
- Running since
- 2009
What speaks for it
- Widely spread: the ten largest positions make up only 15% of the fund.
- It has been running since 2009.
What to watch
- 72% of the fund is in one sector (Financials).
- 95% of the fund is in one country (United States).
- In the last five years its price once dropped by 37% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.6%
- 3 months
- -7.2%
- This year
- -12%
- 1 year
- -15%
- 3 years
- -8.2%
- 5 years
- -35%
- 10 years
- -39%
- Avg. market cap
- $154.4B
- P/E
- 2.4x
- Forward P/E
- 2.3x
- P/S
- 0.3x
- P/B
- 0.3x
- P/FCF
- 1.3x
- EV/EBITDA
- -
- Dividend yield
- 6.99%
- ROIC
- -
- ROE
- 12.3%
- Gross margin
- -
- Operating margin
- 19.0%
- Net margin
- 14.7%
- Payout ratio
- 16.4%
- Net debt/EBITDA
- -
- Beta
- 1.06
Weighted average of the 50 largest companies, which make up 49% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 C-Citigroup Capital XIII TR PFD SECS C-PN 3.6%
- 2 WFWells Fargo & Company WFC-PZ 1.6%
- 3 COCapital One Financial Corporation COF-PI 1.5%
- 4 TBAT&T Inc. 5.35% GLB NTS 66 TBB 1.4%
- 5 DUDuke Energy Corporation DUK-PA 1.3%
- 6 ALThe Allstate Corporation ALL-PH 1.2%
- 7 COCapital One Financial Corporation COF-PJ 1.2%
- 8 JPJPMorgan Chase & Co. JPM-PC 1.2%
- 9 NEXTERA ENERGY CAPITAL 1.2%
- 10 ATAthene Holding Ltd. ATH-PA 1.2%
Positions in the fund: 167. The ten largest make up 15% of it.
Composition as of Oct 24, 2026.
Where is it spread?
One sector dominatesBy sector
- Financials 72%
- Utilities 13%
- Real estate 4.1%
- Communication services 2.8%
- Consumer cyclical 2.4%
- Other 5.5%
By country
- United States 95%
- Bermuda 2.9%
- Canada 1.6%
- Other countries 1.1%
By company size
- Mega cap 23%
- Large cap 58%
- Mid cap 13%
- Small cap 5.5%
- Micro cap 1.0%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 94% of the fund.
Largest sector: Financials (72%). Largest country: United States (95%). Largest size group: Large cap (58%).
What does it cost me?
Usual costs- A year from $10,000
- $45.00
- Over 20 years
- $2,184
From every $10,000 invested the fund takes $45.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,184.
How has it done?
Losing value- A year on average, 10 years
- -4.7%
- Deepest drop
- -37%
- Yearly volatility
- 6.3%
Average yearly decline over the last ten years: 4.7%. Deepest drop in these years: 37% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 7.57%
- Payments a year
- 12
- Last payment
- $0.16
Over the last 12 months it paid $2.12 per share, which is 7.57% of today's price. The last payment was $0.16 on Oct 1, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $3.85M
- Shares a day
- 138K
On an average day about $3.85M of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 2.4
- Average Bulios Score
- 66 out of 100
Weight by Bulios Fair Price
- Undervalued 75%
- Fairly valued 0.0%
- Overvalued 25%
On average the companies inside trade for 2.4 times their yearly profit. By Fair Price, 75% of the rated weight comes out as undervalued.
Counted from its largest companies (50), which make up 49% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
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|---|---|---|---|---|---|---|
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PF PFF iShares Preferred and Income Securities ETF | United States | 0.45% | $11.9B | -9.1% | Pays out | 35% |
EP EPRF Innovator S&P Inv. Grade Preferred ETF | United States | 0.47% | $63.1M | -14% | Pays out | 26% |