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About Principal International Equity ETF
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Inception date
Nov 5, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
US74255Y6986
PIEQ offers exposure to the global-ex US equity markets using fundamental analysis. The fund seeks capital growth through an actively managed portfolio that holds companies of all sizes and styles, including equity securities that appear to be undervalued and firms whose potential for capital and earnings growth is expected to be above average. The underlying portfolio is developed by focusing on uncorrelated idea generation and deep fundamental analysis. The fund also utilizes derivatives such as currency forwards, futures, and options to enhance returns and manage risks. The fund typically invests in foreign securities of at least ten countries. Additionally, the fund may use futures to equitize cash.
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
Electronic Technology
Finance
Health Technology
Stocks98.52%
Electronic Technology20.35%
Finance20.26%
Health Technology12.70%
Consumer Services8.38%
Technology Services7.53%
Non-Energy Minerals5.24%
Consumer Durables5.09%
Communications3.83%
Energy Minerals3.80%
Commercial Services2.20%
Producer Manufacturing2.13%
Retail Trade2.06%
Distribution Services2.04%
Consumer Non-Durables1.69%
Industrial Services1.22%
Bonds, Cash & Other1.48%
Mutual fund1.46%
Cash0.02%
Stock breakdown by region
Europe57.00%
Asia30.30%
North America12.70%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PIEQ invests in stocks. The fund's major sectors are Electronic Technology, with 20.35% stocks, and Finance, with 20.26% of the basket. The assets are mostly located in the Europe region.
PIEQ top holdings are ASML Holding NV and Samsung Electronics Co., Ltd., occupying 4.68% and 4.52% of the portfolio correspondingly.
PIEQ assets under management is 856.02 M USD. It's risen 3.31% over the last month.
PIEQ fund flows account for 729.97 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PIEQ pays dividends to its holders with the dividend yield of 0.08%. The last dividend (Dec 31, 2024) amounted to 0.02 USD. The dividends are paid annually.
PIEQ shares are issued by Principal Financial Group, Inc. under the brand Principal. The ETF was launched on Nov 5, 2024, and its management style is Active.
PIEQ expense ratio is 0.48% meaning you'd have to pay 0.48% of your investment to help manage the fund.
PIEQ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PIEQ invests in stocks.
PIEQ price has risen by 3.37% over the last month, and its yearly performance shows a 25.62% increase. See more dynamics on PIEQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.83% over the last month, showed a 10.88% increase in three-month performance and has increased by 29.06% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.83% over the last month, showed a 10.88% increase in three-month performance and has increased by 29.06% in a year.
PIEQ trades at a premium (0.39%) meaning the ETF is trading at a higher price than the calculated NAV.