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Principal Exchange-Traded Funds - Principal International Multi-Factor ETF
ETF
PDEV
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
PDEV (ETF)
Principal Exchange-Traded Funds - Principal International Multi-Factor ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
PDEV (ETF)
Principal Exchange-Traded Funds - Principal International Multi-Factor ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
Name
As of 11/24/2021Price
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
-
$6.2 M
0.00%
0.25%
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$6.2 M
Holdings in Top 10
11.3%
52 WEEK LOW AND HIGH
$31.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.25%
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 11/24/2021Price
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
-
$6.2 M
0.00%
0.25%
PDEV - Profile
Distributions
- YTD Total Return N/A
- 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 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePrincipal Exchange-Traded Funds - Principal International Multi-Factor ETF
-
Fund Family NamePrincipal Funds
-
Inception DateJul 23, 2019
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Schwarte
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the Index at the time of purchase. The Index uses a quantitative model designed to identify equity securities of companies in the Nasdaq Developed Market Ex-US Ex Korea Large Mid Cap Index (the "Parent Index") that exhibit potential for high degrees of value, quality growth and strong momentum.
The Parent Index is composed of developed foreign market equity securities of issuers that have medium and large market capitalizations. The Index includes securities in the top 50% of the Parent Index by market capitalization, or (if not in the top 50% by market cap) the top 50% by rank (discussed below). To determine the rankings of securities in the bottom 50% by market cap, a currency-neutral approach is used (each currency maintains similar weight as the initial universe of stocks).
Securities are ranked according to three factors:
•The Shareholder Yield (Value) Factor ranks securities based on the collective financial impact on a company's shareholders from the return of free cash flow through cash dividends, stock repurchases, and debt reduction. This factor is designed to identify securities with low prices relative to their fundamental value.
•The Pricing Power (Quality Growth) Factor ranks securities based on consistent sales growth, earnings quality and growth, and profitability, while taking price volatility into account.
•The Momentum Factor ranks securities by evaluating price momentum over multiple horizons to determine sustainability.
The Index uses modified market-cap weighting to give greater weight to securities that rank higher.
The Index is rebalanced semi-annually. Additionally, throughout the year securities that become ineligible for the Index are removed and not replaced. The Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. As of June 30, 2021, the Index included 581 components, and the Parent Index included 1,064 components. More detailed information about the Index methodology is provided in the prospectus under Underlying Indices.
The Fund employs a passive investment approach designed to attempt to track the performance of the Index. In seeking its objective, the Fund typically employs a "full replication" strategy which involves investing in all the securities that make up the Index, in the same approximate proportions as the Index. The Fund can, however, use a “sampling” methodology to purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The Fund can also purchase securities not included in the Index that the advisor believes will help the fund track the Index.
The Fund will not concentrate its investments (invest more than 25% of its assets) in a particular industry except to the extent the Index is so concentrated.
PDEV - Performance
Return Ranking - Trailing
| Period | PDEV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -28.5% | 10.4% | 3.87% |
| 1 Yr | N/A | -37.3% | 101.6% | 3.07% |
| 3 Yr | N/A* | -14.5% | 120.6% | N/A |
| 5 Yr | N/A* | -11.2% | 57.9% | N/A |
| 10 Yr | N/A* | -5.9% | 10.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PDEV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -45.5% | 71.3% | 87.65% |
| 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 | PDEV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -28.5% | 10.4% | 3.74% |
| 1 Yr | N/A | -37.3% | 101.6% | 3.82% |
| 3 Yr | N/A* | -14.5% | 120.6% | N/A |
| 5 Yr | N/A* | -11.2% | 57.9% | N/A |
| 10 Yr | N/A* | -3.2% | 10.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PDEV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -45.5% | 71.3% | 87.65% |
| 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 |
PDEV - Holdings
Concentration Analysis
| PDEV | Category Low | Category High | PDEV % Rank | |
|---|---|---|---|---|
| Net Assets | 6.2 M | 1.02 M | 369 B | 96.74% |
| Number of Holdings | 583 | 1 | 10801 | 21.71% |
| Net Assets in Top 10 | 5.3 M | 0 | 34.5 B | 99.47% |
| Weighting of Top 10 | 11.34% | 1.6% | 100.0% | 90.69% |
Top 10 Holdings
- Nestle SA 1.64%
- Principal Government Money Market Fund 1.54%
- Roche Holding AG 1.51%
- ASML Holding NV 1.17%
- Novo Nordisk A/S 1.07%
- Novartis AG 0.96%
- Toyota Motor Corp 0.94%
- Royal Bank of Canada 0.88%
- SAP SE 0.87%
- Toronto-Dominion Bank/The 0.77%
Asset Allocation
| Weighting | Return Low | Return High | PDEV % Rank | |
|---|---|---|---|---|
| Stocks | 97.68% | 0.00% | 122.60% | 3.02% |
| Cash | 1.93% | -65.15% | 100.00% | 95.26% |
| Preferred Stocks | 1.62% | 0.00% | 1.87% | 78.03% |
| Other | 0.00% | -16.47% | 17.36% | 85.53% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 76.05% |
| Bonds | 0.00% | -10.79% | 71.30% | 77.66% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PDEV % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 13.68% | 46.51% |
| Technology | 0.00% | 0.00% | 36.32% | 74.26% |
| Real Estate | 0.00% | 0.00% | 14.59% | 11.93% |
| Industrials | 0.00% | 5.17% | 99.49% | 18.77% |
| Healthcare | 0.00% | 0.00% | 21.35% | 72.79% |
| Financial Services | 0.00% | 0.00% | 47.75% | 9.38% |
| Energy | 0.00% | 0.00% | 16.89% | 74.13% |
| Communication Services | 0.00% | 0.00% | 21.69% | 41.96% |
| Consumer Defense | 0.00% | 0.00% | 32.29% | 51.74% |
| Consumer Cyclical | 0.00% | 0.00% | 36.36% | 74.53% |
| Basic Materials | 0.00% | 0.00% | 23.86% | 61.13% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PDEV % Rank | |
|---|---|---|---|---|
| Non US | 97.62% | 0.00% | 125.24% | 4.74% |
| US | 0.06% | -7.78% | 68.98% | 87.11% |
PDEV - Expenses
Operational Fees
| PDEV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.01% | 3.96% | 89.80% |
| Management Fee | 0.25% | 0.00% | 1.60% | 16.10% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| PDEV 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
| PDEV 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.
| PDEV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 247.00% | 79.54% |
PDEV - Distributions
Dividend Yield Analysis
| PDEV | Category Low | Category High | PDEV % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 13.87% | 89.73% |
Dividend Distribution Analysis
| PDEV | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
| PDEV | Category Low | Category High | PDEV % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -0.93% | 6.38% | 5.30% |
Capital Gain Distribution Analysis
| PDEV | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 06, 2021 | $0.965 | OrdinaryDividend |
| Jul 07, 2021 | $0.230 | OrdinaryDividend |
| Apr 07, 2021 | $0.212 | OrdinaryDividend |
| Jan 04, 2021 | $0.093 | OrdinaryDividend |
| Oct 06, 2020 | $0.095 | OrdinaryDividend |
| Jul 07, 2020 | $0.147 | OrdinaryDividend |
| Apr 06, 2020 | $0.134 | OrdinaryDividend |
| Jan 02, 2020 | $0.126 | OrdinaryDividend |
| Oct 04, 2019 | $0.135 | OrdinaryDividend |
PDEV - Fund Manager Analysis
Managers
Jeffrey Schwarte
Start Date
Tenure
Tenure Rank
Jul 23, 2019
1.19
1.2%
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
0.58
0.6%
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 |
|---|---|---|---|
| 0.08 | 30.35 | 6.1 | 2.92 |
