PREF ETF Report: Ratings, Analysis, Quotes, Holdings

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PREF Fund Description

PREF is an actively managed fund with a primary focus on $1000 par preferred securities.

PREF Factset Analytics Insight

PREF is an actively managed fund focusing primarily on $1000 par preferred securities. It is highly concentrated 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. Holding costs are average for a preferred stock fund.

PREF MSCI ESG Analytics Insight

Principal Spectrum Preferred Securities Active ETF has an MSCI ESG Fund Rating of A based on a score of 5.95 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

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. Principal Spectrum Preferred Securities Active ETF ranks in the 62nd percentile within its peer group and in the 88th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PREF Charts And Performance

Price Chart ($)

Total Return Chart (%)

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PERFORMANCE [as of 04/03/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

PREF -13.82% -12.91% -12.72% -4.19% -- -- --

PREF (NAV) -14.12% -13.18% -13.03% -4.51% -- -- --

No Underlying Index -- -- -- -- -- -- --

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PREF Summary Data

Principal

07/10/17

Open-Ended Fund

0.55%

$113.02M

$1.18M

0.19%

Fund Home Page

PREF Portfolio Data

04/01/20

PREF Index Data

No Underlying Index

Proprietary

N/A

PREF Portfolio Management

0.55%

Max. Downside Tracking Difference (12 Mo) --

PREF Tax Exposures

20.00% / 39.60%

0.01%

Ordinary income

PREF Fund Structure

Open-Ended Fund

100% / 0%

N/A

Low

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

PREF Factset Analytics Block Liquidity

As of 04/06/20

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

PREF Tradability

12,576

$1.18M

9,513

$806.71K

0.19%

$0.20

0.43%

3.49% / -2.97%

None

82.21%

50,000

0.19

0.01%

$86.10

N/A

PREF Top 10 Holdings[View All]

Sumitomo Life Insurance Company 6.5% 20-SEP-2073 4.89%

Cloverie Plc 5.625% 24-JUN-2046 4.87%

Demeter Investments BV 5.625% 15-AUG-2052 4.65%

Bank of America Corporation Class AA 4.56%

TransCanada Trust 5.5% 15-SEP-2079 4.35%

MetLife, Inc. 9.25% 08-APR-2038 4.30%

Duke Energy Corp Cum Red Perp Pfd Registered Shs Series B 4.21%

Truist Financial Corporation Depositary Shs Repr 1/25thPerp Non-Cum Red Pfd Registered Shs Series N 3.89%

AXA SA 6.379% PERP 3.61%

Dominion Energy Inc Fixed-to-Fltg Cum Red Perp Pfd Registered Shs Series B 3.56%

Total Top 10 Weighting 42.89%

PREF Performance Statistics

PREF MSCI ESG Ratings

5.95 / 10

87.65

62.38

4.25%

0.41%

442.92

PREF Holdings Statistics

Effective Duration --

Credit Spread Duration --

Concentration --

Number of Holdings 38

Option Adjusted Spread --

PREF Avg Life Maturity Distribution

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PREF OAS Breakdown

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> 1000 bps --

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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

PREF