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PREF ETF Profile


Family: Principal Financial Services
Name: Principal Spectrum Preferred Securities Active ETF
Inception Date: 11-Jul-2017
Termination Date:
Investment Objective: The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. The Fund concentrates its investments (invests more than 25% of its net assets) in securities in the financial services (i.e., banking, insurance and commercial finance) industry.
Prospectus
Top 10 Holdings
AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR 025816CH0 3.6418%
WELLS FARGO + COMPANY JR SUBORDINA 12/99 VAR 949746TD3 3.0651%
TORONTO DOMINION BANK JR SUBORDINA 10/82 VAR 89117F8Z5 2.6716%
PNC FINANCIAL SERVICES JR SUBORDINA 12/99 VAR 693475BP9 2.4617%
CHARLES SCHWAB CORP JR SUBORDINA 12/99 VAR 808513BK0 2.2509%
BANK OF NOVA SCOTIA JR SUBORDINA 10/82 VAR 0641598S8 2.2356%
US BANCORP JR SUBORDINA 12/99 VAR 902973BC9 1.8393%
HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR 446150AT1 1.7665%
LIBERTY MUTUAL GROUP INC COMPANY GUAR 144A 12/51 VAR 53079EBM5 1.7313%
PRUDENTIAL FINANCIAL INC JR SUBORDINA 10/50 VAR 744320BH4 1.7278%
Top 10 Holdings Weight: 23.4%
Number of Holdings: 127
Shares Outstanding: 60,050,005
Total Net Assets: 1,119,933,000
NAV: 18.61
Net Expense Ratio: 0.55%
Asset Class: Preferred Stock
Developed or Emerging: Developed Market Funds
Country: US
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Dividend Type: Preferred Stock
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Is Currency Hedged: No
US or Ex-US: Domestic