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Critical Facts You Need to Know About Preferred Stocks
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Sector Rating
Recommendation *
Avoid
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Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Principal Quality ETF
ETF
PSET
Payout Change
Pending
Price as of:
$52.48
-0.36
-0.68%
primary theme
U.S. Large-Cap Blend Equity
PSET (ETF)
Principal Quality ETF
Payout Change
Pending
Price as of:
$52.48
-0.36
-0.68%
primary theme
U.S. Large-Cap Blend Equity
PSET (ETF)
Principal Quality ETF
Payout Change
Pending
Price as of:
$52.48
-0.36
-0.68%
primary theme
U.S. Large-Cap Blend Equity
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.6%
1 yr return
4.9%
3 Yr Avg Return
12.0%
5 Yr Avg Return
10.9%
Net Assets
$51.4 M
Holdings in Top 10
11.6%
52 WEEK LOW AND HIGH
$52.8
$44.68
$53.67
Expenses
OPERATING FEES
Expense Ratio 0.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.10%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PSET - Profile
Distributions
- YTD Total Return 5.6%
- 3 Yr Annualized Total Return 12.0%
- 5 Yr Annualized Total Return 10.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.22%
- Dividend Yield 1.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePrincipal Quality ETF
-
Fund Family NamePrincipal Funds
-
Inception DateMar 21, 2016
-
Shares Outstanding1000001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey Schwarte
Fund Description
Under normal circumstances, the Fund primarily invests in equity securities. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities in the S&P 500 Index or S&P 400 Index that exhibit higher quality, growth potential, and pricing power. "Higher quality" means securities that PGI believes possess higher quality characteristics relative to their peers, measured by profitability, earnings quality, balance sheet strength, and solvency. "Pricing power" refers to the extent to which a company can raise the prices of its products without reducing the demand for them. As of September 30, 2022, the market capitalization range of the companies in the S&P 500 Index was between approximately $3.0 billion and $2.2 trillion. As of September 30, 2022, the market capitalization range of the companies in the S&P 400 Index was between approximately $1.2 billion and $15.3 billion. The Fund invests in equity securities of different market capitalizations (medium or large) and styles (growth or value).
The Fund's holdings are expected to be rebalanced at least annually. However, PGI may make any adjustments to the model and Fund holdings at its discretion.In constructing and revising the model and managing the Fund’s investments, PGI uses insights from diverse sources, including internal investment research, industry reports, and data from third-party consultants and other service providers, to develop and refine its investment themes and identify and take advantage of trends that may impact the Fund and its holdings.
The Fund invested significantly in one or more industries within the healthcare sector as of September 30, 2022.
Note: "Standard & Poor's 500", "Standard & Poor's 400", "S&P 500®" and "S&P 400®" are trademarks of Standard & Poor's Financial Services LLC and have been licensed by Principal. The Fund is not sponsored, endorsed, sold, or promoted by Standard & Poor's Financial Services LLC, and Standard & Poor's Financial Services LLC makes no representation regarding the advisability of investing in the Fund.
PSET - Performance
Return Ranking - Trailing
| Period | PSET Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -51.8% | 22.1% | 77.18% |
| 1 Yr | 4.9% | -58.9% | 46.9% | 4.82% |
| 3 Yr | 12.0%* | -25.7% | 197.6% | 6.91% |
| 5 Yr | 10.9%* | -29.1% | 93.8% | 4.04% |
| 10 Yr | N/A* | -17.2% | 37.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PSET Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -16.5% | -69.4% | 53.7% | 18.93% |
| 2021 | 13.8% | -94.0% | 152.6% | 3.81% |
| 2020 | 5.1% | -13.9% | 183.6% | 30.85% |
| 2019 | 7.7% | -18.2% | 8.9% | 2.00% |
| 2018 | -0.5% | -80.2% | 35.2% | 5.49% |
Total Return Ranking - Trailing
| Period | PSET Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -97.2% | 22.1% | 77.18% |
| 1 Yr | 4.9% | -58.9% | 67.6% | 6.26% |
| 3 Yr | 12.0%* | -25.7% | 197.6% | 7.98% |
| 5 Yr | 10.9%* | -28.1% | 93.8% | 4.94% |
| 10 Yr | N/A* | -11.8% | 37.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PSET Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | -16.5% | -69.4% | 53.7% | 19.01% |
| 2021 | 13.8% | -94.0% | 152.6% | 3.81% |
| 2020 | 5.1% | -13.9% | 183.6% | 31.25% |
| 2019 | 7.7% | -12.8% | 8.9% | 2.00% |
| 2018 | -0.5% | -60.0% | 35.2% | 9.50% |
PSET - Holdings
Concentration Analysis
| PSET | Category Low | Category High | PSET % Rank | |
|---|---|---|---|---|
| Net Assets | 51.4 M | 177 K | 1.21 T | 87.31% |
| Number of Holdings | 149 | 2 | 4154 | 42.05% |
| Net Assets in Top 10 | 5.68 M | 1.74 K | 270 B | 92.25% |
| Weighting of Top 10 | 11.64% | 1.8% | 100.0% | 98.59% |
Top 10 Holdings
- Cadence Design Systems Inc 1.75%
- MarketAxess Holdings Inc 1.41%
- Costco Wholesale Corp 1.38%
- Ubiquiti Inc 1.35%
- Eli Lilly and Co 1.33%
- O'Reilly Automotive Inc 1.28%
- Fortinet Inc 1.27%
- PerkinElmer Inc 1.26%
- Archer-Daniels Midland Co 1.22%
- Lowe's Companies Inc 1.22%
Asset Allocation
| Weighting | Return Low | Return High | PSET % Rank | |
|---|---|---|---|---|
| Stocks | 99.72% | 0.00% | 130.24% | 25.03% |
| Cash | 0.28% | -102.29% | 100.00% | 73.03% |
| Preferred Stocks | 0.00% | 0.00% | 2.23% | 20.26% |
| Other | 0.00% | -13.91% | 134.98% | 21.23% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 15.91% |
| Bonds | 0.00% | -0.04% | 95.81% | 17.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PSET % Rank | |
|---|---|---|---|---|
| Financial Services | 18.67% | 0.00% | 55.59% | 11.41% |
| Healthcare | 18.56% | 0.00% | 60.70% | 11.97% |
| Industrials | 16.22% | 0.00% | 29.90% | 5.95% |
| Technology | 12.72% | 0.00% | 48.94% | 92.30% |
| Consumer Cyclical | 12.07% | 0.00% | 50.47% | 18.98% |
| Consumer Defense | 9.88% | 0.00% | 49.14% | 13.87% |
| Real Estate | 5.21% | 0.00% | 37.52% | 6.93% |
| Basic Materials | 2.86% | 0.00% | 26.10% | 37.96% |
| Utilities | 2.27% | 0.00% | 25.44% | 60.01% |
| Communication Services | 1.53% | 0.00% | 27.94% | 95.87% |
| Energy | 0.00% | 0.00% | 41.64% | 86.20% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PSET % Rank | |
|---|---|---|---|---|
| US | 97.93% | 0.00% | 127.77% | 35.06% |
| Non US | 1.79% | 0.00% | 33.51% | 49.31% |
PSET - Expenses
Operational Fees
| PSET Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.15% | 0.01% | 2.95% | 90.37% |
| Management Fee | 0.15% | 0.00% | 2.00% | 13.42% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| PSET Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PSET Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PSET Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 45.10% | 0.00% | 496.00% | 71.01% |
PSET - Distributions
Dividend Yield Analysis
| PSET | Category Low | Category High | PSET % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.03% | 0.00% | 19.15% | 11.63% |
Dividend Distribution Analysis
| PSET | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| PSET | Category Low | Category High | PSET % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.22% | -54.00% | 6.06% | 18.83% |
Capital Gain Distribution Analysis
| PSET | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 06, 2023 | $0.135 | OrdinaryDividend |
| Jan 03, 2023 | $0.206 | OrdinaryDividend |
| Oct 06, 2022 | $0.164 | OrdinaryDividend |
| Jul 07, 2022 | $0.237 | OrdinaryDividend |
| Apr 06, 2022 | $0.127 | OrdinaryDividend |
| Jan 03, 2022 | $0.172 | OrdinaryDividend |
| Oct 06, 2021 | $0.110 | OrdinaryDividend |
| Jul 07, 2021 | $0.128 | OrdinaryDividend |
| Apr 07, 2021 | $0.127 | OrdinaryDividend |
| Jan 04, 2021 | $0.134 | OrdinaryDividend |
| Oct 06, 2020 | $0.111 | OrdinaryDividend |
| Jul 07, 2020 | $0.133 | OrdinaryDividend |
| Apr 06, 2020 | $0.136 | OrdinaryDividend |
| Jan 02, 2020 | $0.122 | OrdinaryDividend |
| Oct 04, 2019 | $0.191 | OrdinaryDividend |
| Jul 05, 2019 | $0.089 | OrdinaryDividend |
| Apr 04, 2019 | $0.157 | OrdinaryDividend |
| Jan 02, 2019 | $0.121 | OrdinaryDividend |
| Oct 04, 2018 | $0.102 | OrdinaryDividend |
| Jul 06, 2018 | $0.093 | OrdinaryDividend |
| Apr 05, 2018 | $0.096 | OrdinaryDividend |
| Jan 02, 2018 | $0.073 | OrdinaryDividend |
| Oct 05, 2017 | $0.071 | OrdinaryDividend |
| Jul 10, 2017 | $0.031 | OrdinaryDividend |
| Apr 07, 2017 | $0.125 | OrdinaryDividend |
| Jan 04, 2017 | $0.110 | OrdinaryDividend |
| Oct 07, 2016 | $0.139 | OrdinaryDividend |
| Jul 08, 2016 | $0.086 | OrdinaryDividend |
PSET - Fund Manager Analysis
Managers
Jeffrey Schwarte
Start Date
Tenure
Tenure Rank
Mar 21, 2016
6.2
6.2%
Jeff is a portfolio manager at Principal Global Equities. Jeff is an active member in the group’s research and development activities. He joined the equities group in 2000 as an analyst and named a portfolio manager in 2001. He has been with Principal since 1993. He received a bachelor's degree in accounting from the University of Northern Iowa. Jeff has earned the right to use the CFA designation. He is a Certified Internal Auditor and a Fellow of the Life Management Institute (FLMI). Jeff is a member of the CFA Society of Iowa and the CFA Institute.
Aaron Siebel
Start Date
Tenure
Tenure Rank
Mar 03, 2020
2.24
2.2%
Aaron J. Siebel has been with Principal® since 2005. He earned a BA in Finance from the University of Iowa in 2005.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.17 | 2.42 |
