Key stats
About Principal Spectrum Preferred Securities Active ETF
Expense ratio
0.55%
Home page
Inception date
Jul 10, 2017
ISIN
US74255Y8883
PREF is an actively managed fund focusing primarily on $1,000 par preferred securities. Securities like these are usually issued in large, institutional lot sizes, typically by US and non-US financial services companies and other corporations. The fund is expected to have a high concentration of assets in the financial services sector, but is not limited to a specific industry nor even to a specific geography. Hence, investors should be aware of the potential for diverse exposure. The fund may also invest in below investment grade preferred securities.
Classification
What's in the fund
Exposure type
Finance
Corporate
Stocks63.94%
Finance56.57%
Utilities5.80%
Miscellaneous0.89%
Communications0.68%
Bonds, Cash & Other36.06%
Corporate35.18%
Mutual fund0.64%
Structured0.24%