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About Principal Spectrum Preferred Secs Active ETF
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Inception date
Jul 10, 2017
Structure
Open-Ended Fund
Replication method
Physical
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate98.19%
Structured0.72%
Mutual fund0.72%
Government0.39%
Cash−0.01%
Stock breakdown by region
North America90.13%
Europe5.75%
Asia3.93%
Oceania0.19%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PREF invests in bonds. The fund's major sectors are Corporate, with 98.19% stocks, and Government, with 0.39% of the basket. The assets are mostly located in the North America region.
PREF top holdings are Bank of Nova Scotia 8.625% 27-OCT-2082 and Toronto-Dominion Bank 8.125% 31-OCT-2082, occupying 2.89% and 2.75% of the portfolio correspondingly.
PREF last dividends amounted to 0.08 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 1.36% decrease.
Yes, PREF pays dividends to its holders with the dividend yield of 4.68%. The last dividend (Sep 4, 2025) amounted to 0.08 USD. The dividends are paid monthly.
PREF shares are issued by Principal Financial Group, Inc. under the brand Principal. The ETF was launched on Jul 10, 2017, and its management style is Active.
PREF expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
PREF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PREF invests in bonds.