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 8 December 2022
Asset Under Management 392.81 Million (USD)
1 Month Total Return 2.88 %
Year To Date Return -14.14 %
1 Year Total Return -13.70 %
3 Year Annualized Total Return -2.27 %
NAV 17.1159
Share Outstanding 22,950,000
Top 10 Holdings (8 December 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
WELLS FARGO + COMPANY JR SUBORDINA 12/99 VAR BOND 0.03052465228194072
CITIGROUP INC JR SUBORDINA 12/99 VAR BOND 0.028105874887296475
CHARLES SCHWAB CORP JR SUBORDINA 12/99 VAR BOND 0.02645859406582534
DOMINION ENERGY INC JR SUBORDINA 12/99 VAR BOND 0.025001255783844687
US BANCORP JR SUBORDINA 12/99 VAR BOND 0.02457394924687379
BANK OF NOVA SCOTIA JR SUBORDINA 10/82 VAR BOND 0.02369876416865058
M+T BANK CORPORATION JR SUBORDINA 12/99 VAR BOND 0.02084271484055374
BANK OF AMERICA CORP JR SUBORDINA 12/99 VAR BOND 0.020837897507070262
BANK OF NY MELLON CORP JR SUBORDINA 12/99 VAR BOND 0.020656585991727695
GOLDMAN SACHS GROUP INC JR SUBORDINA 12/99 VAR BOND 0.020270220884839745

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