BTEC

Principal Healthcare Innovators ETF

The Principal Healthcare Innovators Index ETF tracks an index of non-large-cap US health care stocks and is market cap weighted.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

ASSETS UNDER MGMT

42 bp

EXPENSES
Fund Basics
Fund sponsorThe Principal Financial Group
CategoryUS
Asset classEquity
Websitelink...
Inception dateAug 19, 2016
Assets (mns)$0
Expense ratio42 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ALNYLAM PHARMACEUTICALS INC 4.6 %
MODERNA, INC. 3.4 %
SAREPTA THERAPEUTICS INC 2.7 %
ILLUMINA INC 2.6 %
NATERA INC 2.5 %
INSMED INC 2.2 %
CATALENT INC 2.1 %
VAXCYTE, INC. 1.8 %
ROIVANT SCIENCES LTD. 1.7 %
SUMMIT THERAPEUTICS INC 1.7 %
Constituent Breakdown
Number of holdings267
Herfindahl-Hirschman Index 0
Wgt avg mkt cap (mns)$0
Large cap (>$10bn)0.0%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.0.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 93.5 %
BRITAIN 2.2 %
Historical Performance


Standardized Performance (as of 07/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 10.3% 11.1% 6.7% -10.2% 3.4% -- 6.7%
Volatility 25.5% 26.2% 30.1% 32.4% 33.1% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9639%
MSCI EAFE0.9637%
MSCI Emg Mkts0.7824%
Liquidity Measures
Avg. volume (000)2
Turnover0.5%
Avg. Bid/Ask (% of price)0.28%
ADV of underlying (mns)$0
Technical Indicators
Recent close$0.00
30d moving avg.$0.00
Annualized volatility27.7%
Relative strength (RSI)53
Short interest (ETF)0.4%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Ticker Fund Name Overlap
vs. BTEC
Expenses
vs. BTEC
ALTAR Score™
vs. BTEC
Risk and Returns: BTEC vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  E E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  E Fwd Est E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.0 0.0 0.0 0.0% --
Based on closing prices from 8/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
BTEC



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating


ALTAR Score™

BTEC

0.0%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.5%. BTEC's ALTAR Score™ is approximately 0.0 standard deviations below the category average. This places BTEC in the percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

BTEC
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
BTEC (42 bp) Percentile rank 45
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
BTEC 42.0 28.2 70.2
Peer Avg. 36.7 15.2 51.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .