Principal Spectrum Preferred Securities Active ETF
NYSE Arca:PREF

  • LAST PRICE
    17.93
  • TODAY'S CHANGE (%)
    0.00 (-0.02%)
  • Bid / Lots
    17.28/ 1
  • Ask / Lots
    22.54/ 1
  • Open / Previous Close
    17.93 / 17.93
  • Day Range
    17.89
    17.95
  • 52 Week Range
    15.19
    18.23
  • Volume
    176,788
  • Overall Morningstar Rating
    out of 84 funds

Search Criteria

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CompanyCountrySymbol

Charts

Price Comparison Graph. See accessible table below
Data delayed at least 15 minutes.

Daily Premium/Discount

Bar Graph.See accessible table below
ETFs trading at a price higher than its Net Asset Value (NAV) is said to be trading at a premium, while those trading at price lower than its NAV is said to be at a discount. By showing the daily premium/discount percentage, we can see the trend in market sentiments, regarding the value of an ETF over time.

Holdings Diversification

Asset Class
Preferred		61.6%
Non-US Bond		18.5%
US Bond		16.2%
Convertible		3.0%
Cash		0.6%
Non-US Stock		0
Sectors
No data available
Geographic Region
No data available
As of 2024-05-02

Top 10 Holdings

Company NamePositionAllocation
Allocation
1 Month Change
Market Value
American Express Company 3.55%
Long
3.7%
0.00%
$31.1M
Wells Fargo & Co. 3.9%
Long
3.5%
0.00%
$29.9M
The Toronto-Dominion Bank 8.125%
Long
3.2%
0.00%
$26.9M
The Charles Schwab Corporation 4%
Long
2.5%
0.00%
$20.9M
Duke Energy Corp 4.875%
Long
2.5%
0.00%
$20.9M
Bank of Nova Scotia 8.625%
Long
2.3%
0.00%
$19.3M
U.S. Bancorp. 3.7%
Long
2.2%
0.00%
$18.7M
Southern Co. 4%
Long
2.1%
0.00%
$17.4M
JPMorgan Chase & Co. 3.65%
Long
2.1%
0.00%
$17.4M
NextEra Energy Capital Holdings Inc 3.8%
Long
2.0%
0.00%
$16.6M
As of 2024-04-17

Reports

  • 04/07/24

    Morningstar ETF Report

    The Morningstar ETF Report offers in-depth analyst research on exchange-traded funds to help you evaluate these investments and how they fit within a portfolio.

Morningstar Ratings

Time HorizonStar Rating
Overall Rating
3 Year Rating
5 Year Rating
10 Year RatingNot Rated
As of 2024-03-31

Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weight average of the fund's 3, 5, and 10 year (Morningstar Rating) metrics.

Style Box is calculated only using the long position holdings of the portfolio.

ETF Profile
Best Fit Index
ICE BofA US IG Inst Captl TR USD
Category
Preferred Stock
Sponsor
Principal Global Investors LLC
Inception
July 10, 2017
As of 2024-03-31

The investment seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. Examples of preferred securities include preferred stock, certain depositary receipts, and various types of junior subordinated debt (such debt generally includes the contractual ability to defer payment of interest without accelerating an immediate default event). It concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries within the financial services sector.

Holding Details
Total Net Assets$851.1M
Shares Out.47.4M
Net Asset Value (NAV)$17.89
Prem/Discount to NAV0.59%
P/E Ratio---
Dividend Yield4.62%
Dividend per Share0.83 USD
Ex-Dividend Date04/1/2024
Dividend Payment Date05/6/2024
Beta---
Morningstar Investment StylePreferred Stock
Equity Style
---
Credit Quality / Duration
Short Duration/Medium Quality
Fees & Expenses
Actual Management Fee0.55%
Actual Mgmt. Expense Ratio (MER)0.55%