Similarity is based on the correlation of the price action of the past 100 trading sessions.
The reference chart (PSK) is shown first. Other charts are sorted by their correlation and the most similar chart is ranked highest.
In seeking to track the performance of the index, the adviser employs a sampling strategy.
It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index.
The index is designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock, including, but not limited to, senior and subordinated debt.
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