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 14 June 2019
Asset Under Management 66.98 Million (USD)
1 Month Total Return 0.93 %
Year To Date Return 9.13 %
1 Year Total Return 6.55 %
3 Year Annualized Total Return
NAV 95.69
Share Outstanding 700,001
Top 10 Holdings (14 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
HSBC CAPITAL FUNDING USD COMPANY GUAR REGS 12/49 VAR BOND 0.047756213513873914
CLOVERIE PLC ZURICH INS SUBORDINATED REGS 06/46 VAR BOND 0.04769533339054069
SUMITOMO LIFE INSUR SUBORDINATED 144A 09/73 VAR BOND 0.046934073132324255
STANDARD CHARTERED PLC JR SUBORDINA 144A 07/49 VAR BOND 0.04640003470740454
ARGENTUM (SWISS RE LTD) SUBORDINATED REGS 08/52 VAR BOND 0.04610697224705226
BNP PARIBAS JR SUBORDINA 144A 12/49 VAR BOND 0.04567566504814627
BANK OF AMERICA CORP JR SUBORDINA 12/49 VAR BOND 0.04560764125885113
DAI ICHI LIFE INSURANCE JR SUBORDINA 144A 10/49 VAR BOND 0.044737180895484376
METLIFE INC JR SUBORDINA 144A 04/38 9.25 BOND 0.04385264606213226
LLOYDS BANK PLC JR SUBORDINA 144A 12/49 VAR BOND 0.03777716169164985