YLDPrincipal Active High Yield ETF
YLD Fund Description
YLD is an actively managed fund that provides current income through exposure to global equities, investment-grade and high-yield debt, MBS/ABS, preferred stock, MLPs, and REITs.
YLD Factset Analytics Insight
YLD is a truly active ETF because the fund's portfolio manager has broad leeway to invest across asset classes and geographic boundaries in search of income, unlike active ETPs with index based strategies. The portfolio manager vaguely provided selection criteria for eligible securities such as economic factors, credit spreads, investor sentiment, and momentum. The portfolio may hold global equities of all sizes and styles, including REITs and MLPs. The fixed income component may include corporate and sovereign debt, investment-grade and high-yield debt, convertibles, preferred stock, mortgage securities, and floating-rate instruments. The manager faces no exposure limits of any kind, other than those mandated by RIC compliance.
YLD MSCI ESG Analytics Insight
Principal Active High Yield ETF has an MSCI ESG Fund Rating of A based on a score of 5.74 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 Active High Yield ETF ranks in the 38th percentile within its peer group and in the 25th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
YLD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of YLD. YLD is rated a N/A out of 5.