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Principal International Adaptive Multi-Factor ETF
Active ETF
PXUS
Payout Change
Pending
Price as of:
$21.22
+0.12
+0.57%
primary theme
N/A
PXUS (ETF)
Principal International Adaptive Multi-Factor ETF
Payout Change
Pending
Price as of:
$21.22
+0.12
+0.57%
primary theme
N/A
PXUS (ETF)
Principal International Adaptive Multi-Factor ETF
Payout Change
Pending
Price as of:
$21.22
+0.12
+0.57%
primary theme
N/A
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Principal International Adaptive Multi-Factor ETF
PXUS | Active ETF
$21.22
$15.9 M
2.83%
$0.60
0.24%
Vitals
YTD Return
7.6%
1 yr return
24.4%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$15.9 M
Holdings in Top 10
13.0%
52 WEEK LOW AND HIGH
$21.1
$20.21
$22.77
Expenses
OPERATING FEES
Expense Ratio 0.24%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Principal International Adaptive Multi-Factor ETF
PXUS | Active ETF
$21.22
$15.9 M
2.83%
$0.60
0.24%
PXUS - Profile
Distributions
- YTD Total Return 7.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 2.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePrincipal International Adaptive Multi-Factor ETF
-
Fund Family NamePrincipal Funds
-
Inception DateMay 27, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAaron Siebel
Fund Description
Under normal circumstances, the Fund invests at least 40% of its net assets, plus any borrowings for investment purposes, in securities of foreign companies. The Fund invests in securities regardless of market capitalization size (small, medium or large).
For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model. The model is designed to identify and rank equity securities in the MSCI World Ex-U.S. Index (the "Index") that correspond to factor categories including the following:
•Value companies – securities with low prices relative to their fundamental value, measured by such metrics as earnings yield, free cash flow yield, and sales yield.
•Higher quality companies – securities ranked based on metrics such as return on equity, sales growth, earnings growth, and balance sheet measures of quality (such as lower debt and accruals).
•Higher momentum companies – securities ranked by evaluating recent performance.
•Lower volatility companies – identified using the recent standard deviation of returns (in other words, how much such returns vary).
The model incorporates a proprietary rules-based methodology that identifies the current market risk regime as "lower," "higher and increasing," or "higher and decreasing" and then weights securities within and among the factor categories based on the prevailing market regime. During "higher and decreasing" market risk environments, the model is expected to correspond more closely to the weights used in the Index itself; however, in other regimes, the model’s selection and weighting is expected to differ from the Index in an effort to outperform the Index returns after fees and expenses. In "lower" risk environments, the model is expected to allocate more to value, quality, and momentum stocks, while de-emphasizing lower volatility stocks, whereas in "higher and increasing" risk environments
the model is expected to allocate more to lower volatility stocks, as well as quality and momentum stocks, while de-emphasizing value stocks. For certain securities, the model assigns weights equal to that of the Index in all risk regimes.
PGI expects to review the risk environment weekly. In circumstances where the risk environment does not change, the Fund's holdings are expected to be rebalanced semi-annually. Fund holdings will be rebalanced more frequently in the event of market risk regime shifts, which will result in increased portfolio turnover. PGI expects to review the model and risk environment regularly, and adjustments to the model and Fund holdings may be made at PGI's discretion. The Fund’s strategies may result in the active and frequent trading of the Fund’s portfolio securities.
Note: "MSCI" is a trademark of MSCI Inc. and has been licensed by Principal. The Fund is not sponsored, endorsed, sold, or promoted by MSCI, and MSCI makes no representation regarding the advisability of investing in the Fund.
PXUS - Performance
Return Ranking - Trailing
| Period | PXUS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.6% | -28.5% | 12.2% | 95.58% |
| 1 Yr | 24.4% | -31.2% | 121.5% | 92.62% |
| 3 Yr | N/A* | -52.6% | 123.6% | N/A |
| 5 Yr | N/A* | -11.3% | 58.0% | N/A |
| 10 Yr | N/A* | -5.9% | 10.0% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PXUS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -19.5% | -45.5% | 71.3% | N/A |
| 2022 | N/A | -15.4% | 11.9% | N/A |
| 2021 | N/A | -10.4% | 121.9% | N/A |
| 2020 | N/A | -33.7% | 8.5% | N/A |
| 2019 | N/A | -13.0% | 27.5% | N/A |
Total Return Ranking - Trailing
| Period | PXUS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.6% | -28.5% | 12.2% | 98.93% |
| 1 Yr | 24.4% | -31.2% | 121.5% | 92.62% |
| 3 Yr | N/A* | -52.6% | 123.6% | N/A |
| 5 Yr | N/A* | -11.3% | 58.0% | N/A |
| 10 Yr | N/A* | -3.1% | 10.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PXUS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -15.7% | -45.5% | 71.3% | N/A |
| 2022 | N/A | -15.4% | 11.9% | N/A |
| 2021 | N/A | -10.4% | 121.9% | N/A |
| 2020 | N/A | -18.0% | 8.5% | N/A |
| 2019 | N/A | -13.0% | 29.4% | N/A |
PXUS - Holdings
Concentration Analysis
| PXUS | Category Low | Category High | PXUS % Rank | |
|---|---|---|---|---|
| Net Assets | 15.9 M | 1.02 M | 369 B | 93.84% |
| Number of Holdings | 703 | 1 | 10801 | 17.57% |
| Net Assets in Top 10 | 2.03 M | 0 | 34.5 B | 95.38% |
| Weighting of Top 10 | 12.99% | 1.6% | 100.0% | 87.96% |
Top 10 Holdings
- Nestle SA 1.89%
- ASML Holding NV 1.66%
- Novo Nordisk AS 1.52%
- LVMH Moet Hennessy Louis Vuitton SE 1.49%
- AstraZeneca PLC 1.26%
- Roche Holding AG 1.23%
- Shell PLC 1.20%
- Toyota Motor Corp. 0.97%
- HSBC Holdings PLC 0.90%
- BHP Group Ltd. 0.87%
Asset Allocation
| Weighting | Return Low | Return High | PXUS % Rank | |
|---|---|---|---|---|
| Stocks | 98.59% | 0.00% | 122.60% | 25.59% |
| Cash | 0.97% | -65.15% | 100.00% | 72.39% |
| Preferred Stocks | 0.44% | 0.00% | 1.87% | 11.62% |
| Other | 0.00% | -16.47% | 17.36% | 17.70% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 3.83% |
| Bonds | 0.00% | -10.79% | 71.30% | 13.46% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PXUS % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 13.68% | 42.66% |
| Technology | 0.00% | 0.00% | 36.32% | 83.04% |
| Real Estate | 0.00% | 0.00% | 14.59% | 18.17% |
| Industrials | 0.00% | 5.17% | 99.49% | 65.14% |
| Healthcare | 0.00% | 0.00% | 21.35% | 53.30% |
| Financial Services | 0.00% | 0.00% | 47.75% | 17.90% |
| Energy | 0.00% | 0.00% | 16.89% | 10.36% |
| Communication Services | 0.00% | 0.00% | 21.69% | 49.13% |
| Consumer Defense | 0.00% | 0.00% | 32.29% | 48.59% |
| Consumer Cyclical | 0.00% | 0.00% | 36.36% | 78.06% |
| Basic Materials | 0.00% | 0.00% | 23.86% | 45.63% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PXUS % Rank | |
|---|---|---|---|---|
| Non US | 97.96% | 0.00% | 125.24% | 16.25% |
| US | 0.63% | -7.78% | 68.98% | 78.60% |
PXUS - Expenses
Operational Fees
| PXUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.24% | 0.01% | 3.96% | 89.92% |
| Management Fee | 0.24% | 0.00% | 1.60% | 13.03% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| PXUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PXUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| PXUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 247.00% | 0.31% |
PXUS - Distributions
Dividend Yield Analysis
| PXUS | Category Low | Category High | PXUS % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.83% | 0.00% | 13.65% | 0.39% |
Dividend Distribution Analysis
| PXUS | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| PXUS | Category Low | Category High | PXUS % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -0.93% | 6.38% | 5.73% |
Capital Gain Distribution Analysis
| PXUS | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 05, 2023 | $0.150 | OrdinaryDividend |
| Jul 07, 2023 | $0.322 | OrdinaryDividend |
| Apr 06, 2023 | $0.178 | OrdinaryDividend |
| Jan 03, 2023 | $0.069 | OrdinaryDividend |
| Oct 06, 2022 | $0.132 | OrdinaryDividend |
| Jul 07, 2022 | $0.382 | OrdinaryDividend |
| Apr 06, 2022 | $0.394 | OrdinaryDividend |
| Jan 03, 2022 | $0.130 | OrdinaryDividend |
| Oct 06, 2021 | $0.146 | OrdinaryDividend |
| Jul 07, 2021 | $0.013 | OrdinaryDividend |
PXUS - Fund Manager Analysis
Managers
Aaron Siebel
Start Date
Tenure
Tenure Rank
May 26, 2021
1.01
1.0%
Aaron J. Siebel has been with Principal® since 2005. He earned a BA in Finance from the University of Iowa in 2005.
Jeffrey Schwarte
Start Date
Tenure
Tenure Rank
May 26, 2021
1.01
1.0%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.13 | 2.92 |
