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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.60% 0.38% 23.72M 819.53
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.73% 6.30% 1.077M Upgrade

Basic Info

Investment Strategy
The investment seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying securities at the time of purchase. Such securities include, without limitation, preferred securities and capital securities of U.S. and non-U.S. issuers. The fund invests significantly in securities that, at the time of issuance, are eligible to pay dividends that qualify for favorable U.S. federal income tax treatment, such as dividends treated as “qualified dividend income” (“QDI”) or qualified dividends from real estate investment trusts (“REITS”).
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Income
Fund Owner Firm Name Principal Funds
Prospectus Benchmark Index
ICE BofA 7%Cst DRD EligPref Sec TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Fernando Diaz 1.04 yrs
Kevin Nugent 1.04 yrs
L. Jacoby 1.04 yrs
Manu Krishnan 1.04 yrs
Mark Lieb 1.04 yrs
Roberto Giangregorio 1.04 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 78
1.077M
-33.79M Category Low
2.420B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of July 31, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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As of August 02, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2014
2015
2016
2017
2018
2019
2020
YTD
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-0.26%
11.66%
6.12%
6.36%
11.25%
-4.98%
18.14%
5.97%
5.01%
16.28%
7.92%
0.85%
10.47%
-4.00%
17.65%
7.12%
2.79%
18.45%
10.51%
10.59%
18.04%
-12.28%
30.09%
4.15%
6.38%
16.90%
4.30%
16.69%
13.38%
-12.68%
35.25%
-1.97%
8.98%
As of August 02, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-3-21) 4.73%
30-Day SEC Yield (6-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
Weighted Average Price to Book Ratio --
Weighted Median ROE --
Weighted Median ROA --
Forecasted Dividend Yield --
Forecasted PE Ratio --
Forecasted Price to Sales Ratio --
Forecasted Price to Book Ratio --
Bond
Current Yield 3.80%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 28, 2021

Fund Details

Key Dates
Inception Date 6/16/2020
Last Annual Report Date 6/30/2020
Last Prospectus Date 11/1/2020
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

Asset Allocation

As of July 28, 2021.
Type % Net % Long % Short
Cash 0.90% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 49.37% Upgrade Upgrade
Convertible 32.46% Upgrade Upgrade
Preferred 17.28% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
NatWest Group plc 8%
4.15% -- --
Lloyds Banking Group plc 7.5%
4.11% -- --
Nordea Bank ABP 6.62%
4.05% -- --
Credit Agricole S.A. 7.88%
3.96% -- --
Societe Generale S.A. 7.88%
3.91% -- --
HSBC Holdings plc 6.38%
3.89% -- --
ING Groep N.V. 5.75%
3.89% -- --
UBS Group Funding (Switzerland) AG 7%
3.87% -- --
Standard Chartered plc 7.5%
3.65% -- --
AT&T Inc 4.75% PRF PERPETUAL USD 25 - 1/1000th Int Ser C
2.95% -- --

News

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Wire
Time (ET)
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Basic Info

Investment Strategy
The investment seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying securities at the time of purchase. Such securities include, without limitation, preferred securities and capital securities of U.S. and non-U.S. issuers. The fund invests significantly in securities that, at the time of issuance, are eligible to pay dividends that qualify for favorable U.S. federal income tax treatment, such as dividends treated as “qualified dividend income” (“QDI”) or qualified dividends from real estate investment trusts (“REITS”).
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Income
Fund Owner Firm Name Principal Funds
Prospectus Benchmark Index
ICE BofA 7%Cst DRD EligPref Sec TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Fernando Diaz 1.04 yrs
Kevin Nugent 1.04 yrs
L. Jacoby 1.04 yrs
Manu Krishnan 1.04 yrs
Mark Lieb 1.04 yrs
Roberto Giangregorio 1.04 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-3-21) 4.73%
30-Day SEC Yield (6-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
Weighted Average Price to Book Ratio --
Weighted Median ROE --
Weighted Median ROA --
Forecasted Dividend Yield --
Forecasted PE Ratio --
Forecasted Price to Sales Ratio --
Forecasted Price to Book Ratio --
Bond
Current Yield 3.80%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 28, 2021

Fund Details

Key Dates
Inception Date 6/16/2020
Last Annual Report Date 6/30/2020
Last Prospectus Date 11/1/2020
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

News

Headline
Wire
Time (ET)
No Data Available