PREF

Fund Description
The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. The Fund concentrates its investments (invests more than 25% of its net assets) in securities in the financial services (i.e., banking, insurance and commercial finance) industry.
Fund Profile
Fund Name Principal Spectrum Preferred Securities Active ETF
Fund Exchange Ticker PREF
Fund Sponsor Principal Financial Services
Fund ISIN US74255Y8883
Net Expense Ratio 0.55 %
Fund Inception Date 11 July 2017
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Other Asset Types
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 16 April 2021
Asset Under Management 318.31 Million (USD)
1 Month Total Return 1.09 %
Year To Date Return 0.06 %
1 Year Total Return 13.20 %
3 Year Annualized Total Return 6.52 %
NAV 20.47
Share Outstanding 15,550,000
Top 10 Holdings (16 April 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
DOMINION ENERGY INC JR SUBORDINA 12/99 VAR BOND 0.04065887276418781
BANK OF NY MELLON CORP JR SUBORDINA 12/99 VAR BOND 0.037586618391288705
DUKE ENERGY CORP JR SUBORDINA 12/99 VAR BOND 0.029749889323603698
WELLS FARGO + COMPANY JR SUBORDINA 12/99 VAR BOND 0.02949757428948643
CITIGROUP INC JR SUBORDINA 12/99 VAR BOND 0.028712354196696033
HSBC CAPITAL FUNDING USD COMPANY GUAR REGS 12/49 VAR BOND 0.027760639057457452
TRANSCANADA TRUST COMPANY GUAR 09/79 VAR BOND 0.027203839468088006
SUMITOMO LIFE INSUR SUBORDINATED 144A 09/73 VAR BOND 0.02593722040974185
BANK OF AMERICA CORP JR SUBORDINA 12/49 VAR BOND 0.02586778353755888
METLIFE INC JR SUBORDINA 144A 04/68 9.25 BOND 0.025410484232531155

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