Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
Principal Value ETF
Active ETF
PY
Payout Change
Pending
Price as of:
$44.8241
+0.23
+0.53%
primary theme
U.S. Mid-Cap Value Equity
PY (ETF)
Principal Value ETF
Payout Change
Pending
Price as of:
$44.8241
+0.23
+0.53%
primary theme
U.S. Mid-Cap Value Equity
PY (ETF)
Principal Value ETF
Payout Change
Pending
Price as of:
$44.8241
+0.23
+0.53%
primary theme
U.S. Mid-Cap Value Equity
Name
As of 04/23/2024Price
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
Vitals
YTD Return
4.0%
1 yr return
13.6%
3 Yr Avg Return
5.5%
5 Yr Avg Return
10.1%
Net Assets
$60.6 M
Holdings in Top 10
19.4%
52 WEEK LOW AND HIGH
$44.6
$36.93
$46.87
Expenses
OPERATING FEES
Expense Ratio 0.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 44.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/23/2024Price
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
PY - Profile
Distributions
- YTD Total Return 4.0%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 10.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.31%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Other
Fund Details
-
Legal NamePrincipal Value ETF
-
Fund Family NamePrincipal Funds
-
Inception DateMar 21, 2016
-
Shares Outstanding6250001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Schwarte
Fund Description
Under normal circumstances, the Fund primarily invests in equity securities, focusing on value stocks. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities of mid- to large-capitalization companies in the S&P 500 Index that exhibit higher degrees of shareholder yield (meaning how much money a company distributes to shareholders through dividends and share repurchases). As of September 30, 2023, the market capitalization range of the companies in the S&P 500 Index was between approximately $4.0 billion and $2.7 trillion. The model includes securities that have paid a regular dividend in the prior year.
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 following sectors as of September 30, 2023: financials, industrials, and information technology.
Note: "Standard & Poor's 500" and "S&P 500®" 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.
PY - Performance
Return Ranking - Trailing
| Period | PY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.0% | -3.4% | 10.6% | 44.50% |
| 1 Yr | 13.6% | -5.8% | 35.1% | 63.27% |
| 3 Yr | 5.5%* | -4.7% | 14.8% | 35.05% |
| 5 Yr | 10.1%* | -0.6% | 16.2% | 25.00% |
| 10 Yr | N/A* | 0.1% | 12.1% | 67.16% |
* Annualized
Return Ranking - Calendar
| Period | PY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.1% | -11.3% | 33.3% | 69.62% |
| 2022 | -8.1% | -41.6% | 2.3% | 7.61% |
| 2021 | 30.9% | -41.5% | 44.9% | 11.44% |
| 2020 | -0.9% | -29.0% | 22.1% | 65.65% |
| 2019 | 23.9% | -8.1% | 31.2% | 39.43% |
Total Return Ranking - Trailing
| Period | PY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.0% | -3.4% | 10.6% | 44.50% |
| 1 Yr | 13.6% | -5.8% | 35.1% | 63.27% |
| 3 Yr | 5.5%* | -4.7% | 14.8% | 35.05% |
| 5 Yr | 10.1%* | -0.6% | 16.2% | 25.00% |
| 10 Yr | N/A* | 0.1% | 12.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.1% | -3.7% | 36.5% | 83.33% |
| 2022 | -5.1% | -35.0% | 2.4% | 23.37% |
| 2021 | 34.8% | 6.2% | 48.3% | 8.72% |
| 2020 | 2.7% | -22.9% | 23.2% | 50.42% |
| 2019 | 26.9% | -3.0% | 35.7% | 47.71% |
PY - Holdings
Concentration Analysis
| PY | Category Low | Category High | PY % Rank | |
|---|---|---|---|---|
| Net Assets | 60.6 M | 991 K | 28 B | 90.37% |
| Number of Holdings | 115 | 8 | 2449 | 27.54% |
| Net Assets in Top 10 | 11 M | 250 K | 4.28 B | 94.65% |
| Weighting of Top 10 | 19.43% | 5.0% | 104.2% | 61.76% |
Top 10 Holdings
- Apple, Inc. 4.18%
- Microsoft Corp. 3.80%
- Broadcom, Inc. 2.05%
- Exxon Mobil Corp. 1.60%
- Home Depot, Inc. 1.56%
- Accenture PLC 1.29%
- Bank of America Corp. 1.28%
- Chevron Corp. 1.26%
- QUALCOMM, Inc. 1.22%
- Linde PLC 1.20%
Asset Allocation
| Weighting | Return Low | Return High | PY % Rank | |
|---|---|---|---|---|
| Stocks | 99.64% | 56.38% | 102.65% | 15.78% |
| Cash | 0.53% | 0.00% | 43.98% | 73.53% |
| Preferred Stocks | 0.00% | 0.00% | 5.43% | 48.93% |
| Other | 0.00% | -1.97% | 8.33% | 63.10% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 45.97% |
| Bonds | 0.00% | 0.00% | 27.69% | 47.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PY % Rank | |
|---|---|---|---|---|
| Financial Services | 36.89% | 0.00% | 60.11% | 0.81% |
| Energy | 10.58% | 0.00% | 29.17% | 15.32% |
| Industrials | 10.50% | 0.00% | 29.02% | 82.80% |
| Basic Materials | 8.04% | 0.00% | 23.88% | 18.01% |
| Healthcare | 8.02% | 0.00% | 32.47% | 57.80% |
| Consumer Cyclical | 7.67% | 0.00% | 29.62% | 85.75% |
| Real Estate | 7.56% | 0.00% | 40.74% | 59.95% |
| Technology | 5.52% | 0.00% | 30.07% | 89.25% |
| Consumer Defense | 2.29% | 0.00% | 33.79% | 90.05% |
| Communication Services | 1.63% | 0.00% | 19.80% | 62.37% |
| Utilities | 1.28% | 0.00% | 24.69% | 88.17% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PY % Rank | |
|---|---|---|---|---|
| US | 99.64% | 56.38% | 102.65% | 13.90% |
| Non US | 0.00% | 0.00% | 34.45% | 60.16% |
PY - Expenses
Operational Fees
| PY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.15% | 0.01% | 16.92% | 98.13% |
| Management Fee | 0.15% | 0.00% | 1.20% | 2.41% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| PY 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% | 4.00% | N/A |
Trading Fees
| PY 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.
| PY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 44.80% | 0.00% | 227.00% | 45.00% |
PY - Distributions
Dividend Yield Analysis
| PY | Category Low | Category High | PY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.57% | 0.00% | 23.17% | 33.24% |
Dividend Distribution Analysis
| PY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Other | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| PY | Category Low | Category High | PY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.31% | -1.84% | 4.73% | 1.08% |
Capital Gain Distribution Analysis
| PY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 04, 2024 | $0.288 | OrdinaryDividend |
| Jan 02, 2024 | $0.263 | OrdinaryDividend |
| Oct 05, 2023 | $0.365 | OrdinaryDividend |
| Jul 07, 2023 | $0.246 | OrdinaryDividend |
| Apr 06, 2023 | $0.288 | OrdinaryDividend |
| Jan 03, 2023 | $0.293 | OrdinaryDividend |
| Oct 06, 2022 | $0.324 | OrdinaryDividend |
| Jul 07, 2022 | $0.473 | OrdinaryDividend |
| Apr 06, 2022 | $0.147 | OrdinaryDividend |
| Jan 03, 2022 | $0.330 | OrdinaryDividend |
| Oct 06, 2021 | $0.411 | OrdinaryDividend |
| Jul 07, 2021 | $0.330 | OrdinaryDividend |
| Apr 07, 2021 | $0.188 | OrdinaryDividend |
| Jan 04, 2021 | $0.231 | OrdinaryDividend |
| Oct 06, 2020 | $0.454 | OrdinaryDividend |
| Jul 07, 2020 | $0.181 | OrdinaryDividend |
| Apr 06, 2020 | $0.137 | OrdinaryDividend |
| Jan 02, 2020 | $0.203 | OrdinaryDividend |
| Oct 04, 2019 | $0.227 | OrdinaryDividend |
| Jul 05, 2019 | $0.183 | OrdinaryDividend |
| Apr 04, 2019 | $0.171 | OrdinaryDividend |
| Jan 02, 2019 | $0.212 | OrdinaryDividend |
| Oct 04, 2018 | $0.158 | OrdinaryDividend |
| Jul 06, 2018 | $0.158 | OrdinaryDividend |
| Apr 05, 2018 | $0.121 | OrdinaryDividend |
| Jan 02, 2018 | $0.145 | OrdinaryDividend |
| Oct 05, 2017 | $0.136 | OrdinaryDividend |
| Jul 10, 2017 | $0.069 | OrdinaryDividend |
| Apr 07, 2017 | $0.183 | OrdinaryDividend |
| Jan 04, 2017 | $0.158 | OrdinaryDividend |
| Oct 07, 2016 | $0.139 | OrdinaryDividend |
| Jul 08, 2016 | $0.188 | OrdinaryDividend |
PY - 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 |
|---|---|---|---|
| 0.08 | 35.59 | 8.28 | 10.92 |
