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State Street SPDR ICE Preferred Securities ETF
PSK (State Street SPDR ICE Preferred Securities ETF) is an index US Equity ETF by State. With a 0.45% MER, it provides diversified exposure through 155 holdings. Monthly distribution with a 7.01% yield.
PSK by State is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.45% MER, its fees are in line with category averages. It pays a monthly distribution with a 7.01% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).