PSET ETF Report: Ratings, Analysis, Quotes, Holdings

Popular PSET Comparisons: PSET vs FDMO, PSET vs USLB, PSET vs DEUS, PSET vs NULC, PSET vs JKD

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*Unless otherwise stated, data provided by FactSet.

PSET Fund Description

PSET tracks an index of large-cap US firms with a high degree of pricing power. Holdings are selected by several fundamental and technical factors, and weighted equally within three tiers.

PSET Factset Analytics Insight

PSET aims to hold companies with strong pricing power—the ability to raise prices without affecting demand. The idea is that such firms tend to face little competition, and can pass through cost increases to their customers, which should lead to more consistent sales and earnings growth. In fact, what PSET actually selects for in its holdings is strong and consistent sales, earnings and operating margins. Additional selection factors include return volatility, earnings quality and volatility of earnings forecasts. This should result in a basket of firms with strong fundamentals. Price setting firms are selected only indirectly, but it's hard to fault the fund for this, since the concept of pricing power is somewhat nebulous and difficult to capture in an indexed product. Notably, market share is not considered. PSET's holdings are equally-weighted inside of three tiers with 50 names each (based on the selection ranking), making up 50%, 35% and 15% of the portfolio. With no sector caps, the portfolio may look quite different from the broad market. The fund is reconstituted and rebalanced annually, in late March. PSET launched in March 2016 and charges a reasonable fee in context. Prior to Sep. 30, 2020, the fund name was Principal Price Setters Index ETF.

PSET MSCI ESG Analytics Insight

Principal Quality ETF has an MSCI ESG Fund Rating of A based on a score of 5.88 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 Quality ETF ranks in the 50th percentile within its peer group and in the 78th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PSET Charts And Performance

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PERFORMANCE [as of 01/25/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

PSET 0.54% 6.94% -0.80% 12.24% 12.82% -- --

PSET (NAV) 0.50% 6.66% -0.68% 13.38% 12.72% -- --

NASDAQ US Price Setters Index 0.51% 6.72% -0.67% 10.34% 11.95% 16.59% --

MSCI USA Large Cap Index 4.15% 11.96% 2.74% 21.96% 14.19% 18.59% 14.34%

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

PSET Summary Data

Principal

03/21/16

Open-Ended Fund

0.15%

$28.08M

$258.00K

0.24%

FDMO, USLB, DEUS, NULC, JKD

Fund Home Page

PSET Portfolio Data

$106.60B

29.14

6.00

1.10%

04/01/21

148

PSET Index Data

NASDAQ US Price Setters Index

Tiered

Multi-Factor

MSCI USA Large Cap Index

PSET Portfolio Management

0.15%

2.87%

3.13%

-0.52%

PSET Tax Exposures

20.00% / 39.60%

Qualified dividends

PSET Fund Structure

Open-Ended Fund

100% / 0%

N/A

Medium

Daily

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

PSET Factset Analytics Block Liquidity

As of 01/26/21

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

PSET Tradability

5,524

$258.00K

832

$39.02K

0.24%

$0.12

0.02%

6.34% / -5.37%

None

100.00%

50,000

0.02

0.04%

0.01%

$46.95

PSET Sector/Industry Breakdown

PSET

Segment Benchmark

Technology

23.60%

36.32%

Industrials

18.29%

8.63%

Healthcare

15.90%

13.55%

Financials

15.24%

11.21%

Consumer Cyclicals

9.60%

15.26%

Consumer Non-Cyclicals

8.84%

6.68%

Utilities

4.81%

2.56%

Basic Materials

3.71%

1.87%

PSET Top 10 Holdings[View All]

Cadence Design Systems, Inc. 1.68%

Mettler-Toledo International Inc. 1.43%

Eli Lilly and Company 1.32%

MarketAxess Holdings Inc. 1.27%

Veeva Systems Inc Class A 1.15%

Apple Inc. 1.15%

Sherwin-Williams Company 1.15%

Fastenal Company 1.14%

Intuit Inc. 1.14%

Accenture Plc Class A 1.14%

Total Top 10 Weighting 12.58%

PSET Countries

PSET

Segment Benchmark

United States

100.00%

99.90%

Canada

0.10%

PSET Regions

PSET

Segment Benchmark

North America

100.00%

PSET Economic Development

PSET

Segment Benchmark

Developed Countries

100.00%

PSET Performance Statistics

0.96

1.00

1.04

0.99

0.42%

MSCI USA Large Cap Index

PSET MSCI ESG Ratings

5.88 / 10

77.60

50.31

5.90%

4.60%

222.49

PSET Benchmark Comparison Holdings

PSET Number of Holdings 148

Benchmark Constituents 288

Shared Holdings 84

Shared Holdings Weight 24.86%

PSET Benchmark Comparison Summary

PSET

Segment Benchmark

Number of Holdings

148

288

Weighted Average Market Cap

$106.60B

$505.02B

Price / Earnings Ratio

29.14

34.57

Price / Book Ratio

6.00

4.44

Dividend Yield

1.22%

1.53%

Concentration

Low

PSET Benchmark Comparison Market Cap Size

PSET

Segment Benchmark

Large (>12.9B)

90.23%

99.97%

Mid (>2.7B)

9.77%

0.03%

Small (>600M)

0.00%

Micro (<600M)

0.00%

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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.