The SPDR® Wells Fargo® Preferred Stock ETF seeks to replicate as closely as possible, before fees and expenses, the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index.
Ordinary brokerage commissions may apply.
|Primary Benchmark||Wells Fargo Hybrid and Preferred Securities Aggregate Index|
|Short Selling Allowed||Yes|
|Gross Expense Ratio||0.45%|
|Investment Manager||SSgA Funds Management, Inc.|
|Management Team||ETF Management Team|
|Distributor||State Street Global Markets, LLC|
|Exchange||NYSE ARCA EXCHANGE|
|Variable Fee for Cash Creation||0.50%|
|Variable Fee for Cash Redemption||0.50%|
|Number of Holdings||130|
|30 Day SEC Yield||5.83%|
|Number of Holdings||128|
|Return On Equity||10.19%|
As of 02/28/2014
As of 12/31/2013
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
Performance numbers for funds less than 1 year old are cumulative. Performance periods under 1 year reflect performance for the fund and benchmark from the fund's inception date to the month end shown above.
|Exchange Volume (shares)||7,718|
|Shares Outstanding||5.60 M|
|Total Net Assets||$235.30 M|
|Net Cash Amount||$1,870,897.31|
|Weighted Average Market Cap||$20,973.54 M|
Buying and Selling ETFs
ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.
ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.
Ordinary brokerage commissions apply.
After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.
Wells Fargo® Hybrid and Preferred Securities Aggregate Index are trademarks of Wells Fargo & Company and have been licensed for use by State Street Global Advisors. The product is not sponsored, issued or advised by Wells Fargo & Company or its affiliates and Wells Fargo & Company makes no representation regarding the performance of the index or this product.
Unless otherwise noted all information contained herein is that of the SPDR Wells Fargo Preferred Stock ETF.
As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.