Principal Active Income ETF (YLD)

View Results:

Show data:

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

$ Price $ NAV $ Chg Price $ Chg NAV YTD % (Price)
40.07 40.07 39.78 39.78 0.01 0.01 NA NA -0.02 -0.02 NA NA 6.29 6.29 5.52 5.52

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

1 yr 3 yr 5 yr 10 yr Since
Incep
Incep
Date
4.94 2.12 5.54 2.42 7.72 6.06 7.69 6.11 NA NA NA NA NA NA NA NA 5.08 4.64 5.15 4.75

Fund Expenses

Net
Expense
Gross
Expense
Expense Limit
Expiration
Expense Waiver
Expiration
0.49 0.49 N/A N/A
SEC Yield % Benchmark
4.89  LF89TRUU

Morningstar Rating

Category: Allocation--30% to 50% Equity

4
488 funds
N/A
393 funds
N/A
261 funds
4
488 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. 

Fund Literature

Agile and Flexible

Get a single-strategy, actively managed solution with access to a range of income security types specifically chosen to help improve outcomes in changing conditions.

Investment Strategy What's This?

The investment seeks to provide current income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, its assets in investment grade and non-investment grade fixed income securities (commonly known as "junk bonds") and in equity securities. The fund's Sub-Advisors, actively and tactically allocates the fund's assets among fixed income securities and equity securities in an effort to take advantage of changing economic conditions that the Advisor believes favors one asset class over another.

Investment Manager or Sub-advisor

Principal Global Investors, LLC

Portfolio Managers

Todd Jablonski
Since
Gregory Tornga
Since
Charles Averill
Since
Daniela Spassova
Since
Paul Kim
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 -2.17 -0.05 6.54 2.12 6.06 NA NA 4.64
Market Price Return -2.24 0.29 5.70 2.42 6.11 NA NA 4.75
Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index -1.19 1.16 7.49 5.50 7.04 NA NA 5.65
Allocation--30% to 50% Equity -1.97 0.58 6.40 1.73 4.79 3.19 6.78 NA
Morningstar Percentile Rankings NA NA NA 53 14 NA NA NA
# of Funds in Category 560 557 556 548 488 393 261 NA
Average Annual Total Returns
as of
1Mo 3Mo YTD 1Yr 3Yr 5Yr 10Yr Since Inception*
Net Asset Value (NAV) Return 0.79 7.42 7.42 4.94 7.72 NA NA 5.08
Market Price Return 0.93 6.38 6.38 5.54 7.69 NA NA 5.15
Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index 0.94 7.26 7.26 5.93 8.56 NA NA 5.85
* 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 -4.47 8.33 16.19 0.00 0.00
Market Price Return -3.43 8.36 15.11 0.00 0.00
Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index -2.08 7.50 17.13 0.00 0.00
Allocation--30% to 50% Equity -5.04 9.86 6.62 -2.32 4.02
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:
0.49%
Total Investment Expense - Net:
0.49%
Waiver Date:
NA
Contractual Cap Date:
NA

Distribution History What's This?

Ex-Date
Type
$ Per Share
06/03/2019
Income
0.155564
05/01/2019
Income
0.169426
04/01/2019
Income
0.162906
03/01/2019
Income
0.158476
02/01/2019
Income
0.162061
12/27/2018
Income
0.153003
12/14/2018
Long Term Capital Gain
0.339643
12/03/2018
Income
0.145164
11/01/2018
Income
0.167452
10/01/2018
Income
0.163586
09/04/2018
Income
0.167332
08/01/2018
Income
0.158942
07/02/2018
Income
0.154200
06/01/2018
Income
0.151190
05/01/2018
Income
0.153499
04/02/2018
Income
0.143244
03/01/2018
Income
0.149650
02/01/2018
Income
0.162607
12/27/2017
Income
0.164905
12/15/2017
Long Term Capital Gain
0.171085
12/15/2017
Short Term Capital Gain
0.279052
12/01/2017
Income
0.155542
11/01/2017
Income
0.148875
10/02/2017
Income
0.161133
09/01/2017
Income
0.159241
08/01/2017
Income
0.160732
07/03/2017
Income
0.157502
06/01/2017
Income
0.169026
Dividends are paid monthly.
<<<<<<< HEAD

Risk and Return Statistics
as of

3 Year
5 Year
Alpha
0.56
--
Beta
0.72
--
R-Squared
80.03
--
Standard Deviation
5.18
--
Mean
0.50
--
Sharpe Ratio
0.88
--
Excess Return
-0.98
--
Tracking Error
2.99
--
Information Ratio
-0.35
--
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
488
393
488
Morningstar Category: Allocation--30% to 50% Equity
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
61.49%
0.00%
61.49%
Non-U.S. Bonds
5.65%
0.00%
5.65%
U.S. Stocks
17.80%
0.00%
17.80%
Non-U.S. Stocks
1.28%
0.00%
1.28%
Preferred
8.97%
0.00%
8.97%
Other
0.00%
0.00%
0.00%
Cash
2.94%
0.00%
2.94%
Convertibles
1.88%
0.00%
1.88%
Total
100.00%

Top 10 Holdings
as of What's This?

Total Market Value
% of Net Assets
TALEN ENERGY SUPPLY LLC SR UNSECURED 12/21 4.6
4,832,027.78
2.23%
GULFPORT ENERGY CORP COMPANY GUAR 01/26 6.375
4,791,062.50
2.22%
METLIFE INC JR SUBORDINA 144A 04/38 9.25
4,290,125.00
1.98%
HLF FIN SARL LLC/HERBALI COMPANY GUAR 144A 08/26 7.25
4,135,527.77
1.91%
HOLOGIC INC COMPANY GUAR 144A 02/28 4.625
4,124,513.89
1.91%
CBL + ASSOCIATES LP COMPANY GUAR 12/26 5.95
4,060,908.33
1.88%
ENLINK MIDSTREAM PARTNER SR UNSECURED 06/25 4.15
3,951,527.77
1.83%
PPL CAPITAL FUNDING INC COMPANY GUAR 03/67 VAR
3,697,914.93
1.71%
TITAN INTERNATIONAL INC SR SECURED 11/23 6.5
3,488,055.55
1.61%
HCA INC COMPANY GUAR 09/28 5.625
3,346,406.25
1.55%

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
46.26
Basic Materials
1.15
Consumer Cyclical
4.67
Financial Services
26.59
Real Estate
13.85

Defensive
26.85
Consumer Defensive
1.10
Healthcare
14.17
Utilities
11.59

Sensitive
26.89
Communication Services
3.18
Energy
17.43
Industrials
1.42
Technology
4.86

Morningstar Style Box
as of
What's This?

Investment Style
Value
Blend
Growth
Large
Medium
Small
Market Capitalization
Interest-Rate Sensitivity
Ltd
Med
Ext
High
Medium
Low
Credit Quality

Analysis
as of

Average Market Cap (mil):
$23,166.14
Price/Earnings Ratio:
14.35
Price/Book Ratio:
1.92
Price/Cash Flow Ratio:
6.87
Turnover Ratio:
11.00%
# Stock Holdings:
50
# Bond Holdings:
66
# Other Holdings:
28
# Total Holdings:
144

The Principal Active Income ETF (YLD) gives investors current income potential through access to a range of carefully chosen income securities.

The ETF has navigated challenging markets and provided the income it's designed to provide.

Active management allows the ETF to take advantage of these opportunities. 

Find a Fund

Principal Active Income ETF (YLD) Overview

Ticker
YLD

Benchmark
Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index
( LF89TRUU)


Net Assets
as of
$216,220,900.29

Daily Volume
4,320

Shares Outstanding
5,425,000
30 Day SEC Yield
as of
4.89%

30 Day SEC Yield (Unsubsidized)
as of
4.89%

Distribution Yield
as of
4.79

Number of Holdings
as of
132

Premium/Discount to NAV
0.54%

Additional Tickers

NAV Per ShareYLD.NV
Intraday NAVYLD.IV
Shares OutstandingYLD.SO
Estimated CashYLD.EU
Total CashYLD.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.

Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index ( LF89TRUU) is an unmanaged index comprised of fixed rate, non-investment grade debt securities that are dollar denominated. The index limits the maximum exposure to any one issuer to 2%. Investors cannot invest directly in an index.

© 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 investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investments are subject to interest rate risk; as interest rates rise, their value will decline. Lower-rated securities are subject to additional credit and default risks. REIT securities are subject to risk factors associated with the real estate industry and tax factors of REIT registration. A master limited partnership (MLP) that invests in a particular industry (e.g., oil and gas) may be harmed by detrimental economic events within that industry. As partnerships, MLPs may be subject to less regulation (and less protection for investors) under state laws than corporations. In addition, MLPs may be subject to state taxation in certain jurisdictions, which may reduce the amount of income paid by an MLP to its investors.


Unlike typical ETFs, there are no indices that the Principal Active Income ETF attempts to track or replicate. Thus, the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager.