YLD

Principal EDGE Active Income ETF

YLD Fund Description

The Principal EDGE Active Income ETF is an actively managed fund which seeks to provide current income through exposure to global equities, investment-grade and high-yield debt, MBS/ABS, preferred stock, MLPs and REITs.

YLD Factset Analytics Insight

In a space dominated by index-based strategies, YLD is a true active ETF. The fund's portfolio manager, EDGE, has broad leeway to invest across asset classes and geographic boundaries in search of income. YLD's prospectus and marketing material give few hints as to the strategic and tactical approach the manager will use. The portfolio may hold global equities of all sizes and styles, including REITs and MLPs. The fixed income component may include corporate and sovereign debt, investment-grade and high-yield debt, convertibles, preferred stock, mortgage securities and floating rate instruments. The manager faces no exposure limits of any kind, other than those mandated by RIC compliance.

YLD is competitively priced, though like most active funds it isn't cheap. This is the first ETF from issuer Principal, which has a long history in the insurance and financial services industries. The fund launched in July 2015 with a healthy $20M in seed capital, a good start for a new ETF. Still, liquidity is likely to be spotty at first, so trade carefully.

YLD MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of November 21, 2017 the Principal EDGE Active Income ETF MSCI ESG Fund Quality Score is 3.58 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. YLD ranks in the 2nd percentile within its peer group and in the 3th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

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YLD Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of YLD. YLD is rated a N/A out of 5.

YLD Summary Data

Principal
07/09/15
Open-Ended Fund
0.65%
$289.35M
0.5%

YLD Portfolio Data

4.8%
12/01/17

YLD Index Data

No Underlying Index
Proprietary
Proprietary
N/A

YLD Fund Structure

No
No
100% / 0%
N/A
N/A
Low
N/A
N/A

YLD Tax Exposures

20% / 39.6%
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No

YLD Tradability

2,417
$120.61K
602
$40.85K
0.5%
0.33%
1.28% / -1.25%
None
50,000
0.01
0.02%
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$41.6
N/A

YLD MSCI ESG Ratings

3.58 / 10
2.08
3.03
6.64%
3.52%
742.8