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Name

As of 11/21/2024

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 Quality ETF

PSET | Active ETF

$72.27

$48.6 M

0.65%

$0.47

0.15%

Vitals

YTD Return

17.6%

1 yr return

25.0%

3 Yr Avg Return

8.2%

5 Yr Avg Return

13.8%

Net Assets

$48.6 M

Holdings in Top 10

31.2%

52 WEEK LOW AND HIGH

$71.6
$57.63
$73.20

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 45.10%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

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 Quality ETF

PSET | Active ETF

$72.27

$48.6 M

0.65%

$0.47

0.15%

PSET - Profile

Distributions

  • YTD Total Return 17.6%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 13.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Principal Quality ETF
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 21, 2016
  • Shares Outstanding
    1000001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Schwarte

Fund Description

Under normal circumstances, the Fund primarily invests in equity securities. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities in the S&P 500 Index or S&P 400 Index that exhibit higher quality, growth potential, and pricing power. "Higher quality" means securities that PGI believes possess higher quality characteristics relative to their peers, measured by profitability, earnings quality, balance sheet strength, and solvency. "Pricing power" refers to the extent to which a company can raise the prices of its products without reducing the demand for them. As of September 30, 2024, the market capitalization range of the companies in the S&P 500 Index was between approximately $4.0 billion and $3.5 trillion. As of September 30, 2024, the market capitalization range of the companies in the S&P 400 Index was between approximately $1.6 billion and $21.5 billion. The Fund invests in equity securities of different market capitalizations (medium or large) and styles (growth or value).
The Fund's holdings are expected to be rebalanced at least annually. However, PGI may make any adjustments to the model and Fund holdings at its discretion.In constructing and revising the model and managing the Fund’s investments, PGI uses insights from diverse sources, including internal investment research, industry reports, and data from third-party consultants and other service providers, to develop and refine its investment themes and identify and take advantage of trends that may impact the Fund and its holdings.
Note:    "Standard & Poor's 500", "Standard & Poor's 400", "S&P 500®" and "S&P 400®" are trademarks of Standard & Poor's Financial Services LLC and have been licensed by Principal. The Fund is not sponsored, endorsed, sold, or promoted by Standard & Poor's Financial Services LLC, and Standard & Poor's Financial Services LLC makes no representation regarding the advisability of investing in the Fund.
Read More

PSET - Performance

Return Ranking - Trailing

Period PSET Return Category Return Low Category Return High Rank in Category (%)
YTD 17.6% 3.5% 44.2% 82.69%
1 Yr 25.0% 6.0% 54.8% 79.90%
3 Yr 8.2%* -12.1% 15.9% 52.03%
5 Yr 13.8%* -8.1% 109.9% 56.02%
10 Yr N/A* -0.4% 52.4% 77.09%

* Annualized

Return Ranking - Calendar

Period PSET Return Category Return Low Category Return High Rank in Category (%)
2023 22.9% -42.6% 47.4% 27.38%
2022 -17.8% -56.3% -4.2% 16.98%
2021 28.3% -27.2% 537.8% 3.33%
2020 14.7% -22.5% 2181.7% 34.34%
2019 32.6% -13.5% 40.4% 3.27%

Total Return Ranking - Trailing

Period PSET Return Category Return Low Category Return High Rank in Category (%)
YTD 17.6% 3.5% 44.2% 82.69%
1 Yr 25.0% 6.0% 54.8% 79.90%
3 Yr 8.2%* -12.1% 15.9% 52.03%
5 Yr 13.8%* -8.1% 109.9% 56.02%
10 Yr N/A* -0.4% 52.4% N/A

* Annualized

Total Return Ranking - Calendar

Period PSET Return Category Return Low Category Return High Rank in Category (%)
2023 24.1% -5.0% 47.4% 50.37%
2022 -16.5% -36.8% -2.2% 35.60%
2021 29.6% 3.0% 537.8% 13.67%
2020 16.2% -15.8% 2266.0% 56.06%
2019 34.6% -0.4% 241.3% 4.45%

PSET - Holdings

Concentration Analysis

PSET Category Low Category High PSET % Rank
Net Assets 48.6 M 2.34 M 1.55 T 93.01%
Number of Holdings 74 2 3963 63.28%
Net Assets in Top 10 17.8 M 880 K 517 B 94.72%
Weighting of Top 10 31.20% 0.3% 112.9% 79.20%

Top 10 Holdings

  1. Microsoft Corp. 7.89%
  2. Apple, Inc. 5.47%
  3. NVIDIA Corp. 4.55%
  4. Broadcom, Inc. 2.95%
  5. Amazon.com, Inc. 2.17%
  6. Alphabet, Inc. 1.79%
  7. Netflix, Inc. 1.78%
  8. Arista Networks, Inc. 1.53%
  9. International Business Machines Corp. 1.53%
  10. Thermo Fisher Scientific, Inc. 1.53%

Asset Allocation

Weighting Return Low Return High PSET % Rank
Stocks 		99.65% 0.00% 105.85% 24.86%
Cash 		0.35% 0.00% 99.07% 71.73%
Preferred Stocks 		0.00% 0.00% 2.53% 49.07%
Other 		0.00% -13.91% 100.00% 61.33%
Convertible Bonds 		0.00% 0.00% 5.54% 46.37%
Bonds 		0.00% 0.00% 94.06% 50.20%

Stock Sector Breakdown

Weighting Return Low Return High PSET % Rank
Financial Services 		18.67% 0.00% 55.59% 10.75%
Healthcare 		18.56% 0.00% 52.29% 11.66%
Industrials 		16.22% 0.00% 29.90% 4.71%
Technology 		12.72% 0.00% 48.94% 93.47%
Consumer Cyclical 		12.07% 0.00% 30.33% 17.62%
Consumer Defense 		9.88% 0.00% 47.71% 12.57%
Real Estate 		5.21% 0.00% 31.91% 6.12%
Basic Materials 		2.86% 0.00% 25.70% 39.04%
Utilities 		2.27% 0.00% 20.91% 60.46%
Communication Services 		1.53% 0.00% 27.94% 96.03%
Energy 		0.00% 0.00% 41.64% 92.06%

Stock Geographic Breakdown

Weighting Return Low Return High PSET % Rank
US 		99.65% 0.00% 105.85% 21.12%
Non US 		0.00% 0.00% 64.54% 56.21%

PSET - Expenses

Operational Fees

PSET Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.01% 19.75% 90.76%
Management Fee 0.15% 0.00% 1.90% 15.51%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

PSET Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PSET Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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.

PSET Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.10% 0.00% 268.00% 72.50%

PSET - Distributions

Dividend Yield Analysis

PSET Category Low Category High PSET % Rank
Dividend Yield 0.65% 0.00% 25.47% 68.65%

Dividend Distribution Analysis

PSET Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

PSET Category Low Category High PSET % Rank
Net Income Ratio 1.22% -54.00% 2.44% 18.92%

Capital Gain Distribution Analysis

PSET Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PSET - Fund Manager Analysis

Managers

Jeffrey Schwarte

Start Date

Tenure

Tenure Rank

Mar 21, 2016

6.2

6.2%

Jeff is a portfolio manager at Principal Global Equities. Jeff is an active member in the group’s research and development activities. He joined the equities group in 2000 as an analyst and named a portfolio manager in 2001. He has been with Principal since 1993. He received a bachelor's degree in accounting from the University of Northern Iowa. Jeff has earned the right to use the CFA designation. He is a Certified Internal Auditor and a Fellow of the Life Management Institute (FLMI). Jeff is a member of the CFA Society of Iowa and the CFA Institute.

Aaron Siebel

Start Date

Tenure

Tenure Rank

Mar 03, 2020

2.24

2.2%

Aaron J. Siebel has been with Principal® since 2005. He earned a BA in Finance from the University of Iowa in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.24 2.42

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