Principal EDGE Active Income ETF (YLD)

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Show data:

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

$ Price $ NAV $ Chg Price $ Chg NAV YTD % (Price)
41.50 41.50 41.90 41.90 0.17 0.17 NA NA 0.04 0.04 NA NA 2.80 2.80 3.79 3.79

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

1 yr 3 yr 5 yr 10 yr Since
Incep
Incep
Date
8.70 9.10 8.23 9.28 NA NA NA NA NA NA NA NA NA NA NA NA 6.89 6.61 6.95 6.71

Fund Expenses

Net
Expense
Gross
Expense
Expense Limit
Expiration
Expense Waiver
Expiration
0.65 0.65 N/A N/A
SEC Yield % Benchmark
3.83  LF89TRUU

Morningstar Rating

Category: Allocation--30% to 50% Equity

N/A
382 funds
N/A
340 funds
N/A
247 funds
N/A
382 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. 

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 -0.05 1.02 7.13 9.10 NA NA NA 6.61
Market Price Return 0.05 0.84 7.25 9.28 NA NA NA 6.71
Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index 0.42 1.29 7.45 8.92 NA NA NA 7.28
Allocation--30% to 50% Equity 0.63 1.77 8.13 9.20 3.97 5.53 4.33 NA
Morningstar Percentile Rankings 93 91 79 56 NA NA NA NA
# of Funds in Category 518 512 485 482 382 340 247 NA
Average Annual Total Returns
as of
1Mo 3Mo YTD 1Yr 3Yr 5Yr 10Yr Since Inception*
Net Asset Value (NAV) Return 1.32 2.42 7.18 8.70 NA NA NA 6.89
Market Price Return 1.28 1.73 7.20 8.23 NA NA NA 6.95
Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index 0.90 1.98 7.00 8.87 NA NA NA 7.36
* 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 2016 2015 2014 2013 2012
Net Asset Value (NAV) Return 16.19 0.00 0.00 0.00 0.00
Market Price Return 15.11 0.00 0.00 0.00 0.00
Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index 17.13 0.00 0.00 0.00 0.00
Allocation--30% to 50% Equity 6.62 -2.32 4.02 7.23 9.40
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:
0.65%
Total Investment Expense - Net:
0.65%
Waiver Date:
NA
Contractual Cap Date:
NA

Distribution History What's This?

Ex-Date
Type
$ Per Share
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
05/01/2017
Income
0.175128
04/03/2017
Income
0.171637
03/01/2017
Income
0.178182
02/01/2017
Income
0.167419
12/28/2016
Income
0.172748
12/01/2016
Income
0.172104
11/01/2016
Income
0.176532
10/03/2016
Income
0.177417
09/01/2016
Income
0.175499
08/01/2016
Income
0.169666
07/01/2016
Income
0.075277
06/01/2016
Income
0.133334
05/02/2016
Income
0.133334
04/01/2016
Income
0.127437
03/01/2016
Income
0.147724
02/01/2016
Income
0.138771
Dividends are paid monthly.

Daily Pricing at NAV

Risk and Return Statistics
as of

3 Year
5 Year
Alpha
--
--
Beta
--
--
R-Squared
--
--
Standard Deviation
--
--
Mean
--
--
Sharpe Ratio
--
--
Excess Return
--
--
Tracking Error
--
--
Information Ratio
--
--
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 N/A

3 Year
5 Year
Overall
Rating
---
---
---
# Funds
382
340
382
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
62.55%
0.00%
62.55%
Non-U.S. Bonds
3.48%
0.00%
3.48%
U.S. Stocks
23.67%
0.00%
23.67%
Non-U.S. Stocks
1.31%
0.00%
1.31%
Preferred
8.30%
0.00%
8.30%
Other
0.00%
0.00%
0.00%
Cash
0.69%
0.00%
0.69%
Convertibles
0.00%
0.00%
0.00%
Total
100.00%

Top 10 Holdings
as of What's This?

Total Market Value
% of Net Assets
BANK OF AMERICA CORP JR SUBORDINA 12/49 VAR
5,167,083.30
1.79%
COVANTA HOLDING CORP SR UNSECURED 03/24 5.875
5,117,277.79
1.77%
PULTE GROUP INC COMPANY GUAR 05/33 6.375
4,494,250.00
1.55%
METLIFE INC JR SUBORDINA 144A 04/38 9.25
4,473,145.83
1.55%
KRATON POLYMERS LLC/CAP COMPANY GUAR 144A 04/25 7
4,408,000.00
1.52%
FIRST DATA CORPORATION COMPANY GUAR 144A 12/23 7
4,392,222.21
1.52%
SPRINT CORP COMPANY GUAR 09/23 7.875
4,347,750.01
1.50%
T MOBILE USA INC COMPANY GUAR 03/25 6.375
4,311,666.68
1.49%
XPO LOGISTICS INC COMPANY GUAR 144A 06/22 6.5
4,287,666.67
1.48%
TRANSCANADA TRUST COMPANY GUAR 05/75 VAR
4,210,625.00
1.45%

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
53.16
Basic Materials
2.39
Consumer Cyclical
2.43
Financial Services
26.62
Real Estate
21.72

Defensive
17.71
Consumer Defensive
2.97
Healthcare
7.43
Utilities
7.32

Sensitive
29.13
Communication Services
2.39
Energy
18.89
Industrials
2.65
Technology
5.20

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):
$18,512.04
Price/Earnings Ratio:
19.90
Price/Book Ratio:
1.86
Price/Cash Flow Ratio:
11.91
Turnover Ratio:
30.70%
# Stock Holdings:
46
# Bond Holdings:
85
# Other Holdings:
29
# Total Holdings:
160

The Principal EDGE 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. Edge Asset Management (EDGE), a leader in income-oriented strategies, seeks to tilt the portfolio toward the most attractive asset classes based on current market conditions.

Find a Fund

Principal EDGE Active Income ETF (YLD) Overview

Ticker
YLD

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


Net Assets
as of
$289,353,817.90

Daily Volume
9,752

Shares Outstanding
6,975,000
30 Day SEC Yield
as of
3.83%

30 Day SEC Yield (Unsubsidized)
as of
3.83%

Distribution Yield
as of
4.29

Number of Holdings
as of
160

Premium/Discount to NAV
0.04%

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.

© 2016 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 creditquality (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.


Footnotes

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 EDGE 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.