PSET
Principal Price Setters Index ETFPSET 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 5.58 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 49th percentile within its peer group and in the 26th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PSET Charts And Performance
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PSET Summary Data
PSET Portfolio Data
PSET Index Data
PSET Portfolio Management
PSET Tax Exposures
PSET Fund Structure
PSET Factset Analytics Block Liquidity
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
PSET Top 10 Holdings[View All]
PSET Performance Statistics
PSET MSCI ESG Ratings
PSET Benchmark Comparison Summary
PSET
PSET Benchmark Comparison Market Cap Size
PSET
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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.