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 18 January 2019
Asset Under Management 50.43 Million (USD)
1 Month Total Return 2.09 %
Year To Date Return 2.38 %
1 Year Total Return -3.60 %
3 Year Annualized Total Return
NAV 91.69
Share Outstanding 550,001
Top 10 Holdings (18 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
BANK OF AMERICA CORP JR SUBORDINA 12/49 VAR BOND 0.04601021908958313
HSBC CAPITAL FUNDING USD COMPANY GUAR REGS 12/49 VAR BOND 0.0456244703154861
STANDARD CHARTERED PLC JR SUBORDINA 144A 07/49 VAR BOND 0.04528422779815585
BNP PARIBAS JR SUBORDINA 144A 12/49 VAR BOND 0.04525734246959679
DAI ICHI LIFE INSURANCE JR SUBORDINA 144A 10/49 VAR BOND 0.04466741893902672
METLIFE INC JR SUBORDINA 144A 04/38 9.25 BOND 0.04228592655681403
LEGAL + GENERAL GROUP SUBORDINATED REGS 03/47 VAR BOND 0.04109393104968189
DRESDNER FNDG TRUST I JR SUBORDINA 144A 06/31 8.151 BOND 0.039589174401500796
LLOYDS BANK PLC JR SUBORDINA 144A 12/49 VAR BOND 0.03882741289548428
CREDIT AGRICOLE SA JR SUBORDINA 144A 10/49 VAR BOND 0.0343162372333497

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