PREFPrincipal Spectrum Preferred Securities Active ETF

Get income8y track recordRanked #410 of 1,622 in this goal

Seeks to provide current income.

By Principal Funds · Launched 2017

Annual Cost

0.55%

#2,811 of 5,562 · average

Fund Size

$1.7B

#808 of 5,562 · large

Dividend YieldGoal

5.08%

Track Record

8 years

#1,585 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,636+6.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

Global

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 21.7% of fund✓ well diversified

Principal Government Money Market Fund

2.7%

BANK OF AMERICA CORP

2.6%

BANK OF NOVA SCOTIA

2.6%

TORONTO-DOMINION BANK

2.5%

JPMORGAN CHASE & CO

2.4%

PNC FINANCIAL SERVICES

2.1%

BANK OF AMERICA CORP

1.9%

CHARLES SCHWAB CORP

1.7%

LIBERTY MUTUAL GROUP INC

1.6%

WELLS FARGO & COMPANY

1.5%

Asset allocation

Bonds

55.5%

Preferred

39.7%

Convertible

4.3%

Cash

0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.1%Low

Year-on-year price swings

Max drawdown

-23.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

1.49Strong risk-adjusted returns

Sortino (3Y)

2.20Good downside protection

Bond profile

Duration

6.5 years

Avg maturity

10.2 years

Credit ratings

6.0%

BBB

58.5%

35.4%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to provide current income.
Strategy: Invests primarily in preferred securities, focusing on $1,000 par preferred securities issued by U.S. and non-U.S. financial services companies. May include below-investment-grade securities, concentrating investments in banking, insurance, and commercial finance sectors.
Inception date: July 10, 2017
Fund family: Principal Funds