YLD: Principal Active Income ETF - MutualFunds.com
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Principal Active Income ETF

YLD - Snapshot

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 7.1%
  • Net Assets $235 M
  • Holdings in Top 10 19.7%

52 WEEK LOW AND HIGH

$41.16
$34.24
$41.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.49%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 10.60%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Aug 19, 2020
  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Compare YLD to Popular U.S. Conservative Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.59

-0.07%

$6.05 B

1.24%

$0.18

0.83%

0.51%

$17.23

-0.06%

$5.93 B

1.62%

$0.28

-0.40%

-

$13.74

+0.22%

$4.71 B

4.41%

$0.60

2.92%

-

$13.24

+0.08%

$2.86 B

1.78%

$0.24

2.48%

0.60%

$12.60

0.00%

$2.51 B

1.25%

$0.16

2.02%

0.59%

YLD - Profile

Distributions

  • YTD Total Return 4.0%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 7.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.89%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Active Income ETF
  • Fund Family Name
    Principal Funds
  • Inception Date
    Jul 08, 2015
  • Shares Outstanding
    5775000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Todd Jablonski

Fund Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, its assets in investment grade and non-investment grade fixed income securities (commonly known as "junk bonds") and in equity securities. The fund's Sub-Advisors, actively and tactically allocates the fund's assets among fixed income securities and equity securities in an effort to take advantage of changing economic conditions that the Advisor believes favors one asset class over another.


YLD - Performance

Return Ranking - Trailing

Period YLD Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -4.7% 5.3% 3.57%
1 Yr 30.8% 3.2% 43.2% 1.26%
3 Yr 5.8%* -0.6% 8.5% 50.00%
5 Yr 7.1%* -0.4% 9.4% 8.44%
10 Yr N/A* 2.7% 7.1% N/A

* Annualized

Return Ranking - Calendar

Period YLD Return Category Return Low Category Return High Rank in Category (%)
2020 -3.2% -3.8% 11.1% 99.37%
2019 8.1% 3.0% 15.2% 40.76%
2018 -8.1% -18.4% -1.2% 71.05%
2017 2.5% -9.1% 9.9% 82.76%
2016 9.4% -3.4% 17.3% 6.67%

Total Return Ranking - Trailing

Period YLD Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -4.7% 6.2% 2.38%
1 Yr 30.8% 2.0% 43.2% 1.26%
3 Yr 5.8%* -1.6% 8.5% 43.67%
5 Yr 7.1%* -0.7% 9.4% 7.79%
10 Yr N/A* 2.7% 7.1% N/A

* Annualized

Total Return Ranking - Calendar

Period YLD Return Category Return Low Category Return High Rank in Category (%)
2020 -3.2% -3.8% 11.1% 99.37%
2019 8.1% 3.0% 15.2% 40.76%
2018 -8.1% -18.4% 0.4% 77.63%
2017 2.5% -3.3% 15.3% 86.21%
2016 9.4% -3.4% 19.9% 8.89%

YLD - Holdings

Concentration Analysis

YLD Category Low Category High YLD % Rank
Net Assets 235 M 1.21 M 6.05 B 61.90%
Number of Holdings 140 3 3986 27.98%
Net Assets in Top 10 45.9 M 1.27 M 5.85 B 82.74%
Weighting of Top 10 19.74% 5.4% 100.0% 92.22%

Top 10 Holdings

  1. Talen Energy Supply LLC 4.6% 2.12%
  2. Cable One Inc 4% 2.02%
  3. PPL Capital Funding Inc. 2.86% 2.01%
  4. HCA Inc. 5.62% 1.98%
  5. HB Fuller Co 4.25% 1.96%
  6. OCI Nv 6.62% 1.89%
  7. Kraton Polymers LLC / Kraton Polymers Capital Corporation 7% 1.88%
  8. Post Holdings Inc. 4.62% 1.87%
  9. DISH DBS Corporation 5.88% 1.85%
  10. HLF Financing SaRL LLC and Herbalife International Inc. 7.25% 1.84%

Asset Allocation

Weighting Return Low Return High YLD % Rank
Bonds
61.80% 13.02% 88.33% 70.24%
Stocks
24.61% -23.79% 35.52% 30.36%
Preferred Stocks
10.07% -0.03% 14.88% 4.76%
Cash
2.05% -20.62% 72.41% 72.62%
Convertible Bonds
1.46% 0.00% 12.32% 44.64%
Other
0.00% -5.13% 30.19% 85.71%

Stock Sector Breakdown

Weighting Return Low Return High YLD % Rank
Financial Services
17.91% 0.00% 99.95% 15.48%
Consumer Cyclical
15.01% 0.00% 17.13% 3.57%
Technology
12.09% 0.00% 25.49% 85.71%
Healthcare
11.28% 0.00% 31.70% 65.48%
Industrials
10.31% 0.00% 20.08% 70.24%
Communication Services
7.65% 0.00% 10.61% 67.26%
Energy
6.52% 0.00% 28.97% 4.17%
Utilities
6.44% 0.00% 78.39% 14.88%
Real Estate
6.12% 0.00% 88.00% 29.76%
Consumer Defense
4.83% 0.00% 24.08% 89.88%
Basic Materials
1.85% 0.00% 10.77% 92.26%

Stock Geographic Breakdown

Weighting Return Low Return High YLD % Rank
US
23.28% -23.83% 26.79% 13.69%
Non US
1.33% -2.27% 12.21% 91.07%

Bond Sector Breakdown

Weighting Return Low Return High YLD % Rank
Corporate
95.43% 1.20% 97.32% 2.98%
Cash & Equivalents
2.72% 0.21% 80.67% 92.86%
Securitized
1.85% 0.00% 45.36% 94.05%
Derivative
0.00% 0.00% 28.65% 94.05%
Municipal
0.00% 0.00% 12.15% 88.69%
Government
0.00% 0.00% 60.17% 99.40%

Bond Geographic Breakdown

Weighting Return Low Return High YLD % Rank
US
59.41% 10.30% 117.69% 44.05%
Non US
2.39% -70.24% 32.36% 84.52%

YLD - Expenses

Operational Fees

YLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.06% 16.08% 69.08%
Management Fee 0.49% 0.00% 1.20% 83.33%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

YLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

YLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

YLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.60% 6.00% 346.00% 2.65%

YLD - Distributions

Dividend Yield Analysis

YLD Category Low Category High YLD % Rank
Dividend Yield 1.90% 0.00% 3.52% 1.19%

Dividend Distribution Analysis

YLD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

YLD Category Low Category High YLD % Rank
Net Income Ratio 4.89% -0.89% 6.36% 2.45%

Capital Gain Distribution Analysis

YLD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Dividend Payout History

View More +

YLD - Fund Manager Analysis

Managers

Todd Jablonski


Start Date

Tenure

Tenure Rank

Jul 08, 2015

5.73

5.7%

Todd is a portfolio manager and Head of Asset Allocation at Edge Asset Management, an affiliate of Principal Global Investors. He joined Edge in 2010 and has over 12 years of industry experience. Previously, he was an executive director and portfolio manager for UBS. Todd is a graduate of the University of Virginia and holds a bachelor's degree in Economics. He received his MBA from New York University's Stern School of Business with a concentration in Quantitative Finance. Todd has earned the right to use the CFA designation and is a member of the Society of Quantitative Analysts.

Gregory Tornga


Start Date

Tenure

Tenure Rank

Mar 31, 2017

4.0

4.0%

Greg is head of fixed income at Edge Asset Management (EDGE) and also serves as a portfolio manager. He joined EDGE in 2011 and has been in the investment industry since 2002. Previously, Greg was a senior vice president for Payden & Rygel Investment Management in Los Angeles, where he served as the Head of Investment Grade Credit Strategy. He received an MBA from the Argyros School of Business & Economics at Chapman University, and a Bachelor's degree from the University of Michigan. Mr. Tornga has earned the right to use the Chartered Financial Analyst Designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.52 5.5 0.75