PY

Principal Value ETF

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.


US

EQUITY

Active

MANAGEMENT STYLE

304.1 M

ASSETS UNDER MGMT

15 bp

EXPENSES
Fund Basics
Fund sponsorThe Principal Financial Group
CategoryUS
Asset classEquity
Websitelink...
Inception dateMar 21, 2016
Assets (mns)$304
Expense ratio15 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
APPLE INC 4.2 %
MICROSOFT CORP 3.4 %
BROADCOM INC. 2.8 %
NVIDIA CORP 2.7 %
EXXON MOBIL CORP 1.7 %
HOME DEPOT INC 1.5 %
WELLS FARGO & CO 1.5 %
CHEVRON CORP 1.4 %
DEERE & CO 1.2 %
MORGAN STANLEY 1.2 %
Constituent Breakdown
Number of holdings105
Herfindahl-Hirschman Index 125
Wgt avg mkt cap (mns)$403,984
Large cap (>$10bn)98.5%
Mid cap ($2-10bn)1.6%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 94.1 %
IRELAND 2.8 %
BRITAIN 1.4 %
SWITZERLAND 1.0 %
BERMUDA 0.7 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 2.9% 16.1% 14.0% 8.9% 13.2% -- 11.1%
Volatility 11.3% 12.1% 12.5% 15.6% 24.6% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9682%
MSCI EAFE0.8771%
MSCI Emg Mkts0.5932%
Liquidity Measures
Avg. volume (000)8
Turnover0.1%
Avg. Bid/Ask (% of price)0.17%
ADV of underlying (mns)$71,809
Technical Indicators
Recent close$49.28
30d moving avg.$49.69
Annualized volatility18.0%
Relative strength (RSI)44
Short interest (ETF)0.1%
Short interest (underlying)3.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: PY 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
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2024 2025E Fwd Est 2026E
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 --%
1.5 15.5 2.4 2.5% --
Based on closing prices from 4/2/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PY



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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

PY

7.1%

Cat. Avg

5.7%


ALTAR Score™ Calculation

Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.8%. PY's ALTAR Score™ is approximately 0.5 standard deviations above the category average. This places PY in the 71st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
PY (15 bp) Percentile rank 8
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PY 15.0 16.7 31.7
Peer Avg. 56.5 25.1 81.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .