PREF

Principal Spectrum Preferred Securities Active ETF
*Unless otherwise stated, data provided by FactSet.

PREF Fund Description

PREF is an actively managed fund with a primary focus on $1,000 par preferred securities.

PREF Factset Analytics Insight

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.

PREF MSCI ESG Analytics Insight

Principal Spectrum Preferred Securities Active ETF has an MSCI ESG Fund Rating of AAA based on a score of 9.03 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 98th percentile within its peer group and in the 94th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 09/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PREF 0.67% 2.11% 3.67% 7.40% 8.06% -- --
PREF (NAV) 0.60% 1.98% 3.63% 7.92% 8.10% -- --
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%
$415.27M
$1.84M
0.10%

PREF Portfolio Data

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10/01/21
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PREF Index Data

No Underlying Index
Proprietary
Proprietary
N/A

PREF Portfolio Management

0.55%
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PREF Tax Exposures

20.00% / 39.60%
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Ordinary income
No

PREF Fund Structure

Open-Ended Fund
No
No
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N/A
N/A
Low
Daily

PREF Factset Analytics Block Liquidity

As of 09/24/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PREF. PREF is rated a 2 out of 5.

PREF Tradability

88,529
$1.84M
71,223
$1.48M
0.10%
$0.02
0.40%
0.75% / -0.03%
None
82.21%
50,000
1.42
0.02%
10,251.60%
0
$20.76
2

PREF Top 10 Holdings[View All]

4.03%
3.97%
3.72%
3.18%
2.54%
2.47%
2.44%
2.36%
2.36%
2.32%
29.37%

PREF Performance Statistics

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PREF MSCI ESG Ratings

9.03 / 10
94.20
97.72
7.71%
1.27%
495.25

PREF Holdings Statistics

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PREF Avg Life Maturity Distribution

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PREF OAS Breakdown

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