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 21 March 2019
Asset Under Management 56.60 Million (USD)
1 Month Total Return 1.43 %
Year To Date Return 6.21 %
1 Year Total Return 2.15 %
3 Year Annualized Total Return
NAV 94.33
Share Outstanding 600,001
Top 10 Holdings (22 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
HSBC CAPITAL FUNDING USD COMPANY GUAR REGS 12/49 VAR BOND 0.04629288295571364
STANDARD CHARTERED PLC JR SUBORDINA 144A 07/49 VAR BOND 0.045756127589370636
BNP PARIBAS JR SUBORDINA 144A 12/49 VAR BOND 0.0456671837849072
BANK OF AMERICA CORP JR SUBORDINA 12/49 VAR BOND 0.045196596931952396
ARGENTUM (SWISS RE LTD) SUBORDINATED REGS 08/52 VAR BOND 0.044743491140151526
DAI ICHI LIFE INSURANCE JR SUBORDINA 144A 10/49 VAR BOND 0.04427421636466154
METLIFE INC JR SUBORDINA 144A 04/38 9.25 BOND 0.04359745797041676
LEGAL + GENERAL GROUP SUBORDINATED REGS 03/47 VAR BOND 0.042165270755034547
LLOYDS BANK PLC JR SUBORDINA 144A 12/49 VAR BOND 0.03928390660777995
EMERA INC SUBORDINATED 06/76 VAR BOND 0.033976430514740495

Home | Glossary of Terms | About Us | Site FAQs | Disclaimers |