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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
0.55% 0.59% 202.54M 73662.73
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.56% 41.90% 97.95M 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 preferred securities at the time of purchase. Examples of preferred securities include preferred stock, certain depositary receipts, and various types of junior subordinated debt (such debt generally includes the contractual ability to defer payment of interest without accelerating an immediate default event). It concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries within the financial services sector.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Medium Quality/Moderate 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 Growth
Fund Owner Firm Name Principal Funds
Prospectus Benchmark Index
ICE BofA US IG Inst Captl TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
L. Jacoby 3.40 yrs
Manu Krishnan 3.40 yrs
Mark Lieb 3.40 yrs
Roberto Giangregorio 3.40 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: 50
97.95M
-170.64M Category Low
1.875B 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 November 30, 2020

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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--
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of December 04, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2013
2014
2015
2016
2017
2018
2019
YTD
--
--
--
--
--
-5.45%
17.32%
6.76%
-2.02%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
6.84%
0.77%
14.98%
5.75%
15.34%
16.79%
-9.01%
42.61%
-5.79%
--
--
--
--
--
-4.30%
15.85%
5.73%
0.73%
15.60%
5.20%
12.13%
17.00%
-14.13%
38.66%
11.82%
-2.04%
24.03%
-0.89%
20.97%
10.70%
-17.19%
43.42%
27.67%
As of December 04, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (12-4-20) 4.56%
30-Day SEC Yield (11-30-20) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.79%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of November 30, 2020

Asset Allocation

As of November 30, 2020.
Type % Net % Long % Short
Cash 5.62% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 74.38% Upgrade Upgrade
Convertible 15.34% Upgrade Upgrade
Preferred 4.66% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
State Street Instl US Govt MMkt Premier 5.62% 1.00 0.00%
TransCanada Trust 5.5%
3.95% -- --
Sumitomo Life Insurance Company 6.5%
3.71% -- --
MetLife Inc. 9.25%
3.65% -- --
Bank of America Corporation 6.1%
3.64% -- --
Duke Energy Corp 4.88%
3.52% -- --
Truist Financial Corporation 4.8%
3.44% -- --
Huntington Bancshares Incorporated 5.62%
3.42% -- --
Cloverie Plc Secd Mtn FRN 5.62%
3.34% -- --
Argentum Netherlands B.V. 5.62%
3.27% -- --

News

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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 preferred securities at the time of purchase. Examples of preferred securities include preferred stock, certain depositary receipts, and various types of junior subordinated debt (such debt generally includes the contractual ability to defer payment of interest without accelerating an immediate default event). It concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries within the financial services sector.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Medium Quality/Moderate 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 Growth
Fund Owner Firm Name Principal Funds
Prospectus Benchmark Index
ICE BofA US IG Inst Captl TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
L. Jacoby 3.40 yrs
Manu Krishnan 3.40 yrs
Mark Lieb 3.40 yrs
Roberto Giangregorio 3.40 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (12-4-20) 4.56%
30-Day SEC Yield (11-30-20) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.79%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of November 30, 2020

Fund Details

Key Dates
Inception Date 7/10/2017
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