Principal Shareholder Yield Index ETF (PY)

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Show data:

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Price $ NAV $ Chg Price $ Chg NAV YTD % (Price)
31.44 31.44 30.91 30.91 -0.15 -0.15 NA NA -0.18 -0.18 NA NA 13.06 13.06 11.15 11.15

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr 3 yr 5 yr 10 yr Since
Incep
Incep
Date
-1.47 -7.75 -1.43 -7.85 9.51 7.42 9.37 7.37 NA NA NA NA NA NA NA NA 9.37 7.19 9.43 7.21

Fund Expenses

Net
Expense
Gross
Expense
Expense Limit
Expiration
Expense Waiver
Expiration
0.29 0.40
SEC Yield % Benchmark
2.17 NQSHYL

Morningstar Rating

Category: Mid-Cap Value

3
354 funds
N/A
312 funds
N/A
214 funds
3
354 funds

​Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns, and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. Visit principaletfs.com for current month-end performance.

Beyond Dividends

Consider the potential to boost portfolio yield and income with U.S. equities from companies that utilize more than dividends alone.

Investment Strategy What's This?

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Shareholder Yield Index. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities (including value stock) of mid- to large-capitalization companies in the Nasdaq US Large Mid Cap Index (the "parent index") that exhibit high degrees of sustainable, shareholder yield.

Investment Manager or Sub-advisor

Principal Global Investors, LLC

Portfolio Managers

Mark Nebelung
Since
Paul Kim
Since
Jeffrey Schwarte
Since

Premium/Discount to NAV What's This?

This information shows differences between the per share net asset value (NAV) of the Fund and the market trading price of shares. For these purposes, the market price is the midpoint of the highest bid and lowest offer for Fund shares as of close of trading on the exchange where Fund shares are listed. Timing discrepancies may exist between NAV and closing price. Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.​

Total Returns What's This?


Average Annual Total Returns
as of
1Mo 3Mo YTD 1Yr 3Yr 5Yr 10Yr Since Inception*
Net Asset Value (NAV) Return -10.28 -7.16 5.85 -7.75 7.42 NA NA 7.19
Market Price Return -10.09 -7.60 5.69 -7.85 7.37 NA NA 7.21
NASDAQ US Shareholder Yield Index -10.30 -7.10 6.02 -7.49 7.82 NA NA 7.48
Mid-Cap Value -7.75 -4.87 8.18 -5.77 6.03 4.73 11.84 NA
Morningstar Percentile Rankings NA NA NA 65 25 NA NA NA
# of Funds in Category 413 410 409 404 354 312 214 NA
Average Annual Total Returns
as of
1Mo 3Mo YTD 1Yr 3Yr 5Yr 10Yr Since Inception*
Net Asset Value (NAV) Return -2.46 11.21 11.21 -1.47 9.51 NA NA 9.37
Market Price Return -2.83 11.15 11.15 -1.43 9.37 NA NA 9.43
NASDAQ US Shareholder Yield Index -2.43 11.35 11.35 -1.17 9.94 NA NA 9.67
* Inception date: What's This?

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.


Where gross and net expense ratios differ, Principal Management Corporation has contractually agreed to limit the investment option's expenses. Differences also may be due to Principal Management Corporation's decision to pay (through the same dates) certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.

Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.



Calendar Year Total Returns 2018 2017 2016 2015 2014
Net Asset Value (NAV) Return -12.51 19.07 0.00 0.00 0.00
Market Price Return -12.30 18.88 0.00 0.00 0.00
NASDAQ US Shareholder Yield Index -12.29 19.54 0.00 0.00 0.00
Mid-Cap Value -12.86 13.22 18.06 -5.41 9.31
Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.

Expenses
as of

Total Investment Expense - Gross:
0.40%
Total Investment Expense - Net:
0.29%
Waiver Date:
Contractual Cap Date:

Distribution History What's This?

Ex-Date
Type
$ Per Share
04/01/2019
Income
0.170667
12/27/2018
Income
0.212092
10/01/2018
Income
0.157556
07/02/2018
Income
0.158000
04/02/2018
Income
0.120889
12/27/2017
Income
0.145200
12/15/2017
Long Term Capital Gain
0.000504
12/15/2017
Short Term Capital Gain
0.016352
10/02/2017
Income
0.135600
07/03/2017
Income
0.069200

Dividends are paid quarterly.

<<<<<<< HEAD

Risk and Return Statistics
as of

3 Year
5 Year
Alpha
-5.75
--
Beta
1.22
--
R-Squared
85.10
--
Standard Deviation
15.50
--
Mean
0.70
--
Sharpe Ratio
0.45
--
Excess Return
-0.40
--
Tracking Error
6.54
--
Information Ratio
-0.66
--
Inception Date:

Risk and return statistical data is calculated by Morningstar, Inc. Excess Return is calculated by Principal Life Insurance Company.

Alpha - The difference between an investment's actual returns and its expected performance, given its level of risk (as measured by beta).

Beta - An investment's sensitivity to market movements.

R-Squared - Ranges from 0 to 100 and reveals how closely an investment's returns track those of a benchmark index.

Standard Deviation - Measures how much an investment's returns are likely to fluctuate.

Mean - Represents the annualized total return for a fund over 3 years.

Sharpe Ratio - Measures how an investment balances risks and rewards. The higher the Sharpe ratio, the better the investment's historical risk-adjusted performance.

Excess Return - The difference between an investment option's return and the return of an external standard such as a passive index.

Tracking Error - Also known as "excess risk", is defined as the standard deviation or volatility of excess returns.

Information Ratio - A risk-adjusted measure commonly used to evaluate an active manager's involvement skill. It's defined as the manager's excess return divided by the variability or standard deviation of the excess return.

Morningstar Star Rating™
as of

3 Year
5 Year
Overall
Rating
---
# Funds
354
312
354
Morningstar Category: Mid-Cap Value
What's This?

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Portfolio Composition
as of What's This?

Asset Type
Net
Short
Long
U.S. Bonds
0.00%
0.00%
0.00%
Non-U.S. Bonds
0.00%
0.00%
0.00%
U.S. Stocks
98.21%
0.00%
98.21%
Non-U.S. Stocks
1.54%
0.00%
1.54%
Preferred
0.00%
0.00%
0.00%
Other
0.00%
0.00%
0.00%
Cash
0.24%
0.00%
0.24%
Convertibles
0.00%
0.00%
0.00%
Total
100.00%

Top 10 Holdings
as of What's This?

Total Market Value
% of Net Assets
STARBUCKS CORP COMMON STOCK USD.001
162,448.30
1.15%
FORTUNE BRANDS HOME + SECURI COMMON STOCK USD.01
160,435.86
1.13%
TE CONNECTIVITY LTD COMMON STOCK CHF.57
157,985.00
1.12%
CDW CORP/DE COMMON STOCK USD.01
156,040.54
1.10%
H+R BLOCK INC COMMON STOCK
156,024.11
1.10%
HONEYWELL INTERNATIONAL INC COMMON STOCK USD1.0
154,704.46
1.09%
SANTANDER CONSUMER USA HOLDI COMMON STOCK USD.01
154,439.52
1.09%
COMCAST CORP CLASS A COMMON STOCK USD.01
153,559.20
1.09%
AMERIPRISE FINANCIAL INC COMMON STOCK USD.01
153,185.64
1.08%
MANPOWERGROUP INC COMMON STOCK USD.01
152,438.84
1.08%

Includes, but is not limited to, unsettled activity from creation/redemption transactions and portfolio security trades and accrued interest.

Values may exceed 100% if both long and short positions are included in the portfolio.

Holdings subject to change.

Stock Sector Breakdown
as of
What's This?

% of Stocks

Cyclical
61.41
Basic Materials
5.08
Consumer Cyclical
19.22
Financial Services
36.60
Real Estate
0.52

Defensive
4.89
Consumer Defensive
1.48
Healthcare
3.40
Utilities
0.00

Sensitive
33.70
Communication Services
2.36
Energy
2.12
Industrials
16.92
Technology
12.30

Morningstar Style Box
as of
What's This?

Investment Style
Value
Blend
Growth
Large
Medium
Small
Market Capitalization

Analysis
as of

Average Market Cap (mil):
$16,389.31
Price/Earnings Ratio:
10.86
Price/Book Ratio:
1.90
Price/Cash Flow Ratio:
6.13
Turnover Ratio:
55.50%
# Stock Holdings:
136
# Bond Holdings:
0
# Other Holdings:
1
# Total Holdings:
137

As interest rates normalize in the U.S., high-dividend-yield stocks become more vulnerable. The Principal Shareholder Yield Index ETF (PY) gives investors exposure to total shareholder yield beyond just dividends, including share repurchase programs and buybacks.

The ETF is more than a bond proxy. It aims to perform differently than income-oriented, high-dividend-yield stocks. Because it doesn't look for dividend income alone, it may be more resilient during future rate hikes.

Find a Fund

Principal Shareholder Yield Index ETF (PY) Overview

Ticker
PY

Benchmark
NASDAQ US Shareholder Yield Index
(NQSHYL)


Net Assets
as of
$14,138,556.32

Daily Volume
0

Shares Outstanding
450,001
30 Day SEC Yield
as of
2.28%

30 Day SEC Yield (Unsubsidized)
as of
2.17%

Distribution Yield
as of
2.17

Number of Holdings
as of
137

Premium/Discount to NAV
0.05%

Additional Tickers

NAV Per SharePY.NV
Intraday NAVPY.IV
Shares OutstandingPY.SO
Estimated CashPY.EU
Total CashPY.TC

Disclosures

Investor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissions apply.

Returns shown for periods of less than one year are not annualized.

The market price used to calculate the Market Price Return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

The Principal Shareholder Yield Index ETF seeks to track the Nasdaq U.S. Shareholder Yield Index, a Nasdaq licensed index based on Principal’s intellectual property. The index provides exposure to equity securities of mid- and large capitalization U.S. issuers. The index focuses on U.S. companies with sustainable shareholder yield, strong cash flow generation, and capacity to increase dividends and/or buybacks.​

© 2019 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to waive (through the same dates) certain expenses that would normally be payable by the fund. The net expense figure reflects the impact of any limits or waivers. Returns displayed are based on net total investment expense.

The Morningstar Style Box is a nine-square grid that provides a graphical representation of the “investment style” of stocks and mutual funds. For stocks and stock funds, it classifies securities according to market capitalization (the vertical axis) and growth and value factors (the horizontal axis). Fixed income funds are classified according to credit quality (the vertical axis) and sensitivity to changes in interest rates (the horizontal axis).

The model for the fixed- income style box is based on the two pillars of fixed-income performance: interest-rate sensitivity and credit quality. The three interest sensitivity groups are limited, moderate and extensive and the three credit quality groups are high, medium and low. These groupings display a portfolio’s effective duration and third party credit ratings to provide an overall representation of the fund’s risk orientation given the sensitivity to interest rate and credit rating of bonds in the portfolio.


Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns, and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted.

Investors should carefully consider a fund’s investment objectives, risks, charges, and expenses prior to investing.

Asset allocation and diversification do not ensure a profit or protect against a loss. Investing in ETFs involves risk, including possible loss of principal. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance.

Investor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissions apply.

Returns shown for periods of less than one year are not annualized.

Morningstar Ratings do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


Risks and Important Information

Equity investments involve greater risk, including higher volatility, than fixed-income investment options.


Mid-cap stocks may have additional risks, including greater price volatility.