Symbols

PREF

Principal Spectrum Preferred Securities Active ETF·ARCA

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Key Stats

Assets Under Management

1.46BUSD

Fund Flows (1Y)

336.20MUSD

Dividend Yield

4.47%

Discount/Premium to NAV

0.02%

Shares Outstanding

76.20M

Expense Ratio

0.55%

About Principal Spectrum Preferred Securities Active ETF

Issuer

Principal

Brand

Principal

Home Page

https://www.principalam.com/us/fund/pref

Inception Date

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Principal Global Investors LLC

Distributor

ALPS Distributors, Inc.

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.