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Critical Facts You Need to Know About Preferred Stocks
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Principal U.S. Small-Cap ETF
Active ETF
PSC
Payout Change
Pending
Price as of:
$51.27
+0.17
+0.33%
primary theme
U.S. Small-Cap Blend Equity
PSC (ETF)
Principal U.S. Small-Cap ETF
Payout Change
Pending
Price as of:
$51.27
+0.17
+0.33%
primary theme
U.S. Small-Cap Blend Equity
PSC (ETF)
Principal U.S. Small-Cap ETF
Payout Change
Pending
Price as of:
$51.27
+0.17
+0.33%
primary theme
U.S. Small-Cap Blend Equity
Name
As of 12/31/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.0%
1 yr return
12.4%
3 Yr Avg Return
3.8%
5 Yr Avg Return
11.0%
Net Assets
$744 M
Holdings in Top 10
7.1%
52 WEEK LOW AND HIGH
$51.1
$44.31
$56.60
Expenses
OPERATING FEES
Expense Ratio 0.38%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 93.10%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/31/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PSC - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 11.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.39%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePrincipal U.S. Small-Cap ETF
-
Fund Family NamePrincipal Funds
-
Inception DateSep 21, 2016
-
Shares Outstanding16250001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Schwarte
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies with small market capitalizations at the time of purchase. For this Fund, companies with small market capitalizations are those with market capitalizations within the range of companies comprising the Russell 2000 Index. As of September 30, 2024, the market capitalization range of the companies in the Russell 2000 Index was between approximately $8.8 million to $15.4 billion.
For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify and rank equity securities (including growth and value stock) of small-capitalization companies in the Russell 2000 Index that PGI believes display (i) value characteristics (companies with low share prices relative to their fundamental value), (ii) higher quality (companies that possess higher quality characteristics relative to their peers, measured by profitability, earnings quality, balance sheet strength, and solvency), and (iii) higher momentum (companies that have share prices and earnings that are trending up). In weighting securities, the model first weights the preceding three characteristics approximately equally and then seeks to assign greater weight to securities that PGI determines are more liquid (meaning the securities that would be the easiest to trade without significantly impacting their value based on recent average trading volumes) and less volatile (meaning the share price of the security has a lower degree of fluctuation over time).
The Fund's holdings are expected to be rebalanced at least annually. However, PGI may make any adjustments to the model and Fund holdings at its discretion. In constructing and revising the model and managing the Fund’s investments, PGI uses insights from diverse sources, including internal investment research, industry reports, and data from third-party consultants and other service providers, to develop and refine its investment themes and identify and take advantage of trends that may impact the Fund and its holdings.
Note: "Russell 2000" is a trademark of FTSE Russell Company and has been licensed by Principal. The Fund is not sponsored, endorsed, sold, or promoted by FTSE Russell Company, and FTSE Russell Company makes no representation regarding the advisability of investing in the Fund.
PSC - Performance
Return Ranking - Trailing
| Period | PSC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -9.1% | 31.7% | 89.50% |
| 1 Yr | 12.4% | -9.1% | 31.7% | 32.44% |
| 3 Yr | 3.8%* | -13.7% | 42.5% | 25.68% |
| 5 Yr | 11.0%* | -13.4% | 32.8% | 9.46% |
| 10 Yr | N/A* | -3.4% | 13.2% | 53.77% |
* Annualized
Return Ranking - Calendar
| Period | PSC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 11.5% | -19.9% | 29.0% | 52.20% |
| 2023 | 17.6% | -59.3% | 118.2% | 6.14% |
| 2022 | -17.6% | -34.0% | 38.8% | 82.85% |
| 2021 | 30.6% | -51.0% | 39.5% | 0.79% |
| 2020 | 11.5% | -19.9% | 29.8% | 81.74% |
Total Return Ranking - Trailing
| Period | PSC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -9.1% | 31.7% | 89.50% |
| 1 Yr | 12.4% | -9.1% | 31.7% | 32.44% |
| 3 Yr | 3.8%* | -13.7% | 42.5% | 25.68% |
| 5 Yr | 11.0%* | -13.4% | 32.8% | 9.46% |
| 10 Yr | N/A* | -3.4% | 13.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PSC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 12.4% | -11.7% | 31.8% | 70.17% |
| 2023 | 18.5% | -45.2% | 123.7% | 5.18% |
| 2022 | -15.9% | -24.4% | 45.6% | 85.77% |
| 2021 | 32.5% | -50.5% | 46.9% | 0.99% |
| 2020 | 13.3% | -17.3% | 36.2% | 88.59% |
PSC - Holdings
Concentration Analysis
| PSC | Category Low | Category High | PSC % Rank | |
|---|---|---|---|---|
| Net Assets | 744 M | 555 K | 167 B | 42.67% |
| Number of Holdings | 506 | 2 | 2451 | 27.81% |
| Net Assets in Top 10 | 46.6 M | 124 K | 10.3 B | 68.38% |
| Weighting of Top 10 | 7.12% | 3.1% | 100.1% | 90.06% |
Top 10 Holdings
- Sprouts Farmers Market, Inc. 0.78%
- Hims Hers Health, Inc. 0.77%
- Carpenter Technology Corp. 0.75%
- Hamilton Lane, Inc. 0.75%
- Jackson Financial, Inc. 0.73%
- Brinker International, Inc. 0.73%
- UMB Financial Corp. 0.70%
- Mr. Cooper Group, Inc. 0.65%
- Applied Industrial Technologies, Inc. 0.63%
- Axos Financial, Inc. 0.63%
Asset Allocation
| Weighting | Return Low | Return High | PSC % Rank | |
|---|---|---|---|---|
| Stocks | 99.72% | 4.44% | 105.73% | 8.95% |
| Cash | 0.72% | 0.00% | 27.02% | 77.71% |
| Preferred Stocks | 0.00% | 0.00% | 5.13% | 55.05% |
| Other | 0.00% | -0.07% | 50.79% | 66.29% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 54.58% |
| Bonds | 0.00% | 0.00% | 102.81% | 58.10% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PSC % Rank | |
|---|---|---|---|---|
| Financial Services | 16.52% | 0.00% | 35.52% | 32.76% |
| Healthcare | 15.85% | 0.00% | 26.53% | 26.40% |
| Industrials | 13.92% | 2.46% | 37.42% | 92.29% |
| Technology | 13.58% | 0.00% | 43.95% | 55.68% |
| Consumer Cyclical | 12.11% | 0.99% | 47.79% | 30.44% |
| Real Estate | 8.22% | 0.00% | 29.43% | 37.19% |
| Energy | 6.64% | 0.00% | 37.72% | 37.38% |
| Basic Materials | 4.02% | 0.00% | 18.66% | 66.28% |
| Consumer Defense | 3.96% | 0.00% | 18.87% | 58.00% |
| Utilities | 2.97% | 0.00% | 18.58% | 34.49% |
| Communication Services | 2.21% | 0.00% | 14.85% | 63.97% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PSC % Rank | |
|---|---|---|---|---|
| US | 99.72% | 2.58% | 105.73% | 7.43% |
| Non US | 0.00% | 0.00% | 97.07% | 61.14% |
PSC - Expenses
Operational Fees
| PSC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.38% | 0.01% | 38.30% | 87.57% |
| Management Fee | 0.38% | 0.00% | 1.50% | 17.40% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| PSC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PSC 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.
| PSC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 93.10% | 1.00% | 314.00% | 86.95% |
PSC - Distributions
Dividend Yield Analysis
| PSC | Category Low | Category High | PSC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.62% | 0.00% | 42.47% | 50.29% |
Dividend Distribution Analysis
| PSC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| PSC | Category Low | Category High | PSC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.39% | -2.40% | 2.49% | 1.73% |
Capital Gain Distribution Analysis
| PSC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2024 | $0.080 | OrdinaryDividend |
| Oct 01, 2024 | $0.107 | OrdinaryDividend |
| Jul 01, 2024 | $0.099 | OrdinaryDividend |
| Apr 01, 2024 | $0.096 | OrdinaryDividend |
| Dec 27, 2023 | $0.112 | OrdinaryDividend |
| Oct 02, 2023 | $0.087 | OrdinaryDividend |
| Jul 03, 2023 | $0.112 | OrdinaryDividend |
| Apr 03, 2023 | $0.027 | OrdinaryDividend |
| Dec 28, 2022 | $0.198 | OrdinaryDividend |
| Oct 03, 2022 | $0.357 | OrdinaryDividend |
| Jul 01, 2022 | $0.173 | OrdinaryDividend |
| Apr 01, 2022 | $0.021 | OrdinaryDividend |
| Dec 29, 2021 | $0.296 | OrdinaryDividend |
| Oct 01, 2021 | $0.147 | OrdinaryDividend |
| Jul 01, 2021 | $0.131 | OrdinaryDividend |
| Apr 01, 2021 | $0.115 | OrdinaryDividend |
| Dec 29, 2020 | $0.149 | OrdinaryDividend |
| Oct 01, 2020 | $0.113 | OrdinaryDividend |
| Jul 01, 2020 | $0.113 | OrdinaryDividend |
| Apr 01, 2020 | $0.078 | OrdinaryDividend |
| Dec 27, 2019 | $0.150 | OrdinaryDividend |
| Oct 01, 2019 | $0.111 | OrdinaryDividend |
| Jul 01, 2019 | $0.075 | OrdinaryDividend |
| Apr 01, 2019 | $0.109 | OrdinaryDividend |
| Dec 27, 2018 | $0.135 | OrdinaryDividend |
| Oct 01, 2018 | $0.087 | OrdinaryDividend |
| Jul 02, 2018 | $0.057 | OrdinaryDividend |
| Apr 02, 2018 | $0.083 | OrdinaryDividend |
| Dec 27, 2017 | $0.081 | OrdinaryDividend |
| Oct 02, 2017 | $0.054 | OrdinaryDividend |
| Jul 03, 2017 | $0.079 | OrdinaryDividend |
| Apr 03, 2017 | $0.074 | OrdinaryDividend |
| Dec 28, 2016 | $0.095 | OrdinaryDividend |
PSC - Fund Manager Analysis
Managers
Jeffrey Schwarte
Start Date
Tenure
Tenure Rank
Sep 21, 2016
5.69
5.7%
Jeff is a portfolio manager at Principal Global Equities. Jeff is an active member in the group’s research and development activities. He joined the equities group in 2000 as an analyst and named a portfolio manager in 2001. He has been with Principal since 1993. He received a bachelor's degree in accounting from the University of Northern Iowa. Jeff has earned the right to use the CFA designation. He is a Certified Internal Auditor and a Fellow of the Life Management Institute (FLMI). Jeff is a member of the CFA Society of Iowa and the CFA Institute.
Aaron Siebel
Start Date
Tenure
Tenure Rank
Mar 03, 2020
2.24
2.2%
Aaron J. Siebel has been with Principal® since 2005. He earned a BA in Finance from the University of Iowa in 2005.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.17 | 2.58 |
