PSET

Principal Price Setters Index ETF
*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.

PSET MSCI ESG Analytics Insight

Principal Price Setters Index ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.67 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 Price Setters Index ETF ranks in the 50th percentile within its peer group and in the 27th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PSET Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 07/31/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PSET 8.46% 14.39% 3.02% 11.25% 14.34% -- --
ticker (NAV) 5.85% 13.95% 3.04% 11.77% 14.16% -- --
NASDAQ US Price Setters Index 5.86% 10.81% 0.19% 8.85% 13.42% -- --
MSCI USA Large Cap Index 5.86% 13.49% 4.41% 14.48% 13.10% 12.16% 14.21%
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%
$20.96M
$43.28K
0.26%

PSET Portfolio Data

$92.72B
23.99
5.78
1.38%
10/01/20
148

PSET Index Data

Tiered
Multi-Factor
MSCI USA Large Cap Index

PSET Portfolio Management

0.15%
-0.37%
2.95%
-0.61%

PSET Tax Exposures

20.00% / 39.60%
0.04%
Qualified dividends
No

PSET Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

PSET Factset Analytics Block Liquidity

As of 08/03/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of PSET. PSET is rated a 4 out of 5.

PSET Tradability

1,338
$43.28K
243
$8.26K
0.26%
$0.10
0.02%
6.34% / -5.37%
None
0.00%
50,000
0.00
0.04%
0.01%
0
$42.08
4

PSET Sector/Industry Breakdown


PSET
Segment Benchmark
22.45%
35.45%
19.00%
8.15%
15.91%
11.31%
15.89%
14.87%
9.14%
14.07%
9.04%
6.96%
5.18%
2.77%
3.40%
1.85%

PSET Top 10 Holdings[View All]

1.49%
1.43%
1.33%
1.24%
1.24%
1.20%
1.18%
1.17%
1.16%
1.16%
12.6%

PSET Countries


PSET
Segment Benchmark
100.00%
99.90%
--
0.10%

PSET Regions


PSET
Segment Benchmark
100.00%
100.00%

PSET Economic Development


PSET
Segment Benchmark
100.00%
100.00%

PSET Performance Statistics

0.97
1.02
1.03
1.00
0.35%
MSCI USA Large Cap Index

PSET MSCI ESG Ratings

5.67 / 10
27.35
49.50
11.89%
5.22%
467.00

PSET Benchmark Comparison Holdings

148
287
85
25.84%

PSET Benchmark Comparison Summary


PSET
Segment Benchmark
148
287
$92.72B
$423.71B
23.99
26.20
5.78
3.94
1.38%
1.84%
Low
Low

PSET Benchmark Comparison Market Cap Size


PSET
Segment Benchmark
83.72%
99.95%
16.28%
0.05%
0.00%
0.00%
0.00%
0.00%