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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% 0.23% 354.35M 90459.43
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.20% 41.90% 196.74M 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 Low 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 3.90 yrs
Manu Krishnan 3.90 yrs
Mark Lieb 3.90 yrs
Roberto Giangregorio 3.90 yrs

Net Fund Flows Versus Category

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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: 54
196.74M
-33.53M Category Low
2.337B 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 May 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 June 17, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
--
--
--
--
-5.45%
17.32%
7.52%
1.26%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.91%
14.98%
5.75%
15.34%
16.79%
-9.01%
42.61%
-3.78%
11.88%
--
--
--
--
-4.30%
15.85%
7.06%
3.21%
15.60%
5.20%
12.13%
17.00%
-14.13%
38.66%
14.21%
4.87%
As of June 17, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (6-17-21) 4.20%
30-Day SEC Yield (5-31-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 2.27%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of May 31, 2021

Asset Allocation

As of May 31, 2021.
Type % Net % Long % Short
Cash 0.73% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 84.33% Upgrade Upgrade
Convertible 11.33% Upgrade Upgrade
Preferred 3.61% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Dominion Energy Inc 4.65%
3.87% -- --
The Bank of New York Mellon Corporation 3.7%
3.59% -- --
Wells Fargo & Company 3.9%
3.19% -- --
Duke Energy Corp 4.88%
2.86% -- --
Citigroup Inc. 4%
2.73% -- --
TransCanada Trust 5.5%
2.65% -- --
HSBC Capital Funding Dollar I L.P. 10.18%
2.65% -- --
Bank of America Corporation 6.1%
2.50% -- --
Sumitomo Life Insurance Company 6.5%
2.48% -- --
MetLife Inc. 9.25%
2.43% -- --

News

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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 Low 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 3.90 yrs
Manu Krishnan 3.90 yrs
Mark Lieb 3.90 yrs
Roberto Giangregorio 3.90 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (6-17-21) 4.20%
30-Day SEC Yield (5-31-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 2.27%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of May 31, 2021

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