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Principal Spectrum Preferred Securities Active ETFPP

Principal Spectrum Preferred Securities Active ETF

18.70USDR
+0.02+0.08%
As of today at 17:39 GMT
USD
No trades
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Overview
Analysis Holdings Discussions Technicals Seasonals

PREF chart


Full chart

Key stats


Assets under management (AUM)
‪1.17 B‬ USD
Fund flows (1Y)
‪268.22 M‬ USD
Dividend yield (indicated)
4.68%
Discount/Premium to NAV
0.3%
Shares outstanding
‪62.75 M‬
Expense ratio
0.55%

About Principal Spectrum Preferred Securities Active ETF


Issuer
Principal Financial Group Inc
Brand
Principal
Home page
principalam.com
Inception date
Jul 10, 2017
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Principal Global Investors LLC
Distributor
ALPS Distributors, Inc.
PREF is an actively managed fund focusing primarily on $1,000 par preferred securities. Securities like these are usually issued in large, institutional lot sizes, typically by US and non-US financial services companies and other corporations. The fund is expected to have a high concentration of assets in the financial services sector, but is not limited to a specific industry nor even to a specific geography. Hence, investors should be aware of the potential for diverse exposure. The fund may also invest in below investment grade preferred securities.

Classification


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Broad maturities
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary

PREF analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
0.2%91%5%3%
Top 10 holdings
Symbol
Assets
Symbol
Assets
A
American Express Company Depositary Shs Repr 1/1'000th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser DAXP
3.51%
W
Wells Fargo & Company Depositary Shs A Repr 1/25th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs A Ser -BB-WFC
2.98%
T
Toronto-Dominion Bank 8.125% 31-OCT-2082TD5487531
2.75%
P
PNC Financial Services Group, Inc. Depositary Shs Repr 1/100th Non-Cum Perp Pfd Shs Series WPNC
2.40%
S
Charles Schwab Corp Depositary Shs Repr 1/100th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser ISCHW
2.24%
B
Bank of Nova Scotia 8.625% 27-OCT-2082BNS5491221
2.22%
U
U.S. Bancorp Contingent Convertable Notes Repr 1/25th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser NUSB
1.79%
H
Huntington Bancshares Incorporated Depositary Shs Repr 1/100th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser FHBAN
1.73%
C
Capital One Financial Corp 3.950 % Fixed-to-Fltg Non-Cum Perp Pfd Registered Shs Series M
1.71%
L
Liberty Mutual Group, Inc. 4.125% 15-DEC-2051
1.68%
Top 10 weight23.00%
128 total holdings

Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.