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Name

As of 04/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal Spectrum Preferred Securities Active ETF

PREF | Active ETF

$17.82

$851 M

4.98%

$0.89

0.55%

Vitals

YTD Return

3.0%

1 yr return

10.1%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

N/A

Net Assets

$851 M

Holdings in Top 10

26.1%

52 WEEK LOW AND HIGH

$17.9
$16.31
$18.17

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 04/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal Spectrum Preferred Securities Active ETF

PREF | Active ETF

$17.82

$851 M

4.98%

$0.89

0.55%

PREF - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Spectrum Preferred Securities Active ETF
  • Fund Family Name
    Principal Funds
  • Inception Date
    Jul 10, 2017
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. Examples of preferred securities include preferred stock, certain depositary receipts, and various types of junior subordinated debt (such debt generally includes the contractual ability to defer payment of interest without accelerating an immediate default event). In particular, the Fund focuses on preferred securities known as “$1,000 par preferred securities,” which are issued in large, institutional lot sizes, typically by U.S. and non-U.S. financial services companies (i.e., banking, insurance, and commercial finance companies) and other corporations. Preferred securities generally pay fixed and floating rate distributions and are junior to all forms of the company's senior debt, but may have "preference" over common stock in the payment of distributions and the liquidation of a company's assets. The Fund may invest its assets in below-investment-grade preferred securities (sometimes called "high yield" or "junk"), which are rated at the time of purchase Ba1 or lower by Moody's Investors Service, Inc. ("Moody’s") and BB+ or lower by Standard & Poor’s Rating Service ("S&P") (if a security is rated differently by the rating agencies, the highest rating is used; if the security has been rated by only one of those agencies, that rating will determine whether the security is below investment grade; if the security has not been rated by either of those agencies, the sub-advisor will determine whether the security is of a quality comparable to those rated below investment grade).The Fund concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries (i.e., banking, insurance, and commercial finance) within the financial services sector.
Read More

PREF - Performance

Return Ranking - Trailing

Period PREF Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% N/A N/A N/A
1 Yr 10.1% N/A N/A N/A
3 Yr -0.3%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period PREF Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% N/A N/A N/A
2022 -15.6% N/A N/A N/A
2021 -1.9% N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period PREF Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% N/A N/A N/A
1 Yr 10.1% N/A N/A N/A
3 Yr -0.3%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period PREF Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% N/A N/A N/A
2022 -11.8% N/A N/A N/A
2021 2.1% N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

PREF - Holdings

Concentration Analysis

PREF Category Low Category High PREF % Rank
Net Assets 851 M N/A N/A N/A
Number of Holdings 94 N/A N/A N/A
Net Assets in Top 10 202 M N/A N/A N/A
Weighting of Top 10 26.11% N/A N/A N/A

Top 10 Holdings

  1. Wells Fargo Co. 3.63%
  2. Toronto-Dominion Bank 3.44%
  3. American Express Co. 2.79%
  4. State Street Institutional U.S. Government Money Market Fund Premier Class 2.55%
  5. Charles Schwab Corp. 2.54%
  6. Bank of Nova Scotia 2.49%
  7. Southern Co. 2.22%
  8. U.S. Bancorp 2.18%
  9. JPMorgan Chase Co. 2.16%
  10. Prudential Financial, Inc. 2.11%

Asset Allocation

Weighting Return Low Return High PREF % Rank
Bonds 		96.90% N/A N/A N/A
Cash 		3.10% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High PREF % Rank
Cash & Equivalents 		2.56% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High PREF % Rank
US 		96.90% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

PREF - Expenses

Operational Fees

PREF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% N/A N/A N/A
Management Fee 0.55% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

PREF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

PREF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PREF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

PREF - Distributions

Dividend Yield Analysis

PREF Category Low Category High PREF % Rank
Dividend Yield 4.98% N/A N/A N/A

Dividend Distribution Analysis

PREF Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

PREF Category Low Category High PREF % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

PREF Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

PREF - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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