PREF
·NYSE
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Key Stats
Assets Under Management
1.40BUSD
Fund Flows (1Y)
312.51MUSD
Dividend Yield
4.81%
Discount/Premium to NAV
-0.05%
Shares Outstanding
73.45M
Expense Ratio
0.55%
About Principal Spectrum Preferred Securities Active ETF
Issuer
Principal
Brand
Principal
Inception Date
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Structure
Open-Ended Fund
Index Tracked
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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.
Classification
Asset Class
Fixed Income
Category
Corporate, Preferred
Focus
Broad Credit
Niche
Broad Maturities
Strategy
Active
Geography
Developed Markets
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.37% | -0.42% | +2.64% | +2.25% | +10.42% | -7.74% |
NAV Total Return | +0.86% | +1.15% | +5.34% | +5.34% | +27.97% | +14.88% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
BANK OF AMERICA CORP JR SUBORDINA 12/99 VAR
2.58%
TORONTO DOMINION BANK JR SUBORDINA 10/82 VAR
2.55%
JPMORGAN CHASE + CO JR SUBORDINA 12/99 VAR
2.41%
PNC FINANCIAL SERVICES JR SUBORDINA 12/99 VAR
2.08%
BANK OF AMERICA CORP JR SUBORDINA 12/99 VAR-1
1.92%
CHARLES SCHWAB CORP JR SUBORDINA 12/99 VAR
1.69%
LIBERTY MUTUAL GROUP INC COMPANY GUAR 144A 12/51 VAR
1.63%
WELLS FARGO + COMPANY JR SUBORDINA 12/99 VAR
1.52%
BANK OF MONTREAL JR SUBORDINA 11/84 VAR
1.46%
GOLDMAN SACHS GROUP INC JR SUBORDINA 12/99 VAR
1.46%
Top 10 Weight 19.3%
145 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-01 | 2025-12-01 | 2025-12-03 | 0.083 |
| 2025-11-03 | 2025-11-03 | 2025-11-05 | 0.084 |
| 2025-10-01 | 2025-10-01 | 2025-10-03 | 0.080 |
| 2025-09-02 | 2025-09-02 | 2025-09-04 | 0.076 |
| 2025-08-01 | 2025-08-01 | 2025-08-05 | 0.078 |
| 2025-07-01 | 2025-07-01 | 2025-07-03 | 0.076 |
| 2025-06-02 | 2025-06-02 | 2025-06-04 | 0.074 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
