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Principal Spectrum Preferred Secs Active ETFPrincipal Spectrum Preferred Secs Active ETFPrincipal Spectrum Preferred Secs Active ETF

Principal Spectrum Preferred Secs Active ETF

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Overview
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PREF chart



Key stats


Assets under management (AUM)
‪1.28 B‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
4.69%
Discount/Premium to NAV
—
Shares outstanding
‪67.75 M‬
Expense ratio
0.55%

About Principal Spectrum Preferred Secs Active ETF


Issuer
Principal Financial Group Inc
Brand
Principal
Home page
principalam.com
Inception date
Jul 10, 2017
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Principal Global Investors LLC
Distributor
ALPS Distributors, Inc.
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.

Broaden your horizons with more funds linked to PREF via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Broad maturities
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary

PREF analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
0.2%90%5%3%
Top 10 holdings

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PREF assets under management is ‪1.28 B‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PREF invests in bonds. See more details in our Analysis section.
PREF expense ratio is 0.55%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PREF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, PREF pays dividends to its holders with the dividend yield of 4.69%.
PREF shares are issued by Principal Financial Group, Inc.
PREF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 10, 2017.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.