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Principal Healthcare Innovators ETF
Active ETF
BTEC
Payout Change
Suspended
Price as of:
$39.49
+0.0
+0.0%
primary theme
N/A
BTEC (ETF)
Principal Healthcare Innovators ETF
Payout Change
Suspended
Price as of:
$39.49
+0.0
+0.0%
primary theme
N/A
BTEC (ETF)
Principal Healthcare Innovators ETF
Payout Change
Suspended
Price as of:
$39.49
+0.0
+0.0%
primary theme
N/A
Name
As of 08/09/2024Price
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
8.7%
1 yr return
18.1%
3 Yr Avg Return
-10.2%
5 Yr Avg Return
4.0%
Net Assets
$28.4 M
Holdings in Top 10
23.1%
52 WEEK LOW AND HIGH
$39.5
$26.01
$41.10
Expenses
OPERATING FEES
Expense Ratio 0.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.80%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 08/09/2024Price
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
BTEC - Profile
Distributions
- YTD Total Return 8.7%
- 3 Yr Annualized Total Return -10.2%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.27%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Other
Fund Details
-
Legal NamePrincipal Healthcare Innovators ETF
-
Fund Family NamePrincipal Funds
-
Inception DateAug 19, 2016
-
Shares Outstanding1700001
-
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 companies in the healthcare sector. For this Fund, healthcare companies are those classified as Health Care according to Global Industry Classification Standard. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities (emphasizing growth stock) of small and medium capitalization in the Russell 3000 Healthcare Index, while seeking to exclude the least liquid securities, meaning the securities that would be the hardest to trade without significantly impacting their value based on recent average daily trading volumes. As of September 30, 2023, the market capitalization range of the companies in the Russell 3000 Healthcare Index was between approximately $451.3 million and $509.9 billion. The Fund invests significantly in early-stage companies within the healthcare equipment and supplies, pharmaceuticals, biotechnology, and life sciences industries that are not yet consistently profitable. Examples include companies developing products and services in such industries and companies in the pre-marketing stage seeking regulatory approvals.
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.
The Fund will concentrate its investments (invest more than 25% of its assets) in one or more industries within the healthcare sector.
Note: "Russell 3000 Healthcare Index" 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.
BTEC - Performance
Return Ranking - Trailing
| Period | BTEC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | -26.0% | 27.6% | 59.88% |
| 1 Yr | 18.1% | -23.8% | 31.2% | 17.90% |
| 3 Yr | -10.2%* | -33.6% | 13.4% | 92.26% |
| 5 Yr | 4.0%* | -5.4% | 16.0% | 85.81% |
| 10 Yr | N/A* | 0.3% | 13.4% | 69.75% |
* Annualized
Return Ranking - Calendar
| Period | BTEC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.0% | -12.6% | 19.0% | 14.81% |
| 2022 | -28.9% | -53.9% | 3.2% | 92.26% |
| 2021 | -19.5% | -39.6% | 24.2% | 84.52% |
| 2020 | 52.4% | -13.6% | 178.2% | 3.97% |
| 2019 | 39.6% | 3.8% | 63.8% | 5.93% |
Total Return Ranking - Trailing
| Period | BTEC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | -26.0% | 27.6% | 59.88% |
| 1 Yr | 18.1% | -23.8% | 31.2% | 17.90% |
| 3 Yr | -10.2%* | -33.6% | 13.4% | 92.26% |
| 5 Yr | 4.0%* | -5.4% | 16.0% | 85.81% |
| 10 Yr | N/A* | 0.3% | 13.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BTEC Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.0% | -12.6% | 19.0% | 22.22% |
| 2022 | -28.9% | -53.9% | 3.7% | 93.55% |
| 2021 | -18.7% | -33.9% | 26.0% | 97.42% |
| 2020 | 52.9% | -0.7% | 180.6% | 5.96% |
| 2019 | 39.6% | 4.6% | 63.8% | 5.93% |
BTEC - Holdings
Concentration Analysis
| BTEC | Category Low | Category High | BTEC % Rank | |
|---|---|---|---|---|
| Net Assets | 28.4 M | 7.41 M | 47.2 B | 82.10% |
| Number of Holdings | 220 | 25 | 414 | 4.94% |
| Net Assets in Top 10 | 10.3 M | 3.14 M | 22.7 B | 82.10% |
| Weighting of Top 10 | 23.09% | 17.8% | 78.7% | 96.30% |
Top 10 Holdings
- Exact Sciences Corp. 2.99%
- Sarepta Therapeutics, Inc. 2.77%
- Natera, Inc. 2.56%
- Principal Government Money Market Fund 2.51%
- Bio-Rad Laboratories, Inc. 2.44%
- Alnylam Pharmaceuticals, Inc. 2.42%
- Illumina, Inc. 2.04%
- Elanco Animal Health, Inc. 2.00%
- Cytokinetics, Inc. 1.70%
- Cerevel Therapeutics Holdings, Inc. 1.67%
Asset Allocation
| Weighting | Return Low | Return High | BTEC % Rank | |
|---|---|---|---|---|
| Stocks | 99.79% | 89.34% | 106.13% | 22.22% |
| Cash | 2.72% | 0.00% | 32.72% | 36.42% |
| Preferred Stocks | 0.00% | 0.00% | 7.86% | 56.17% |
| Other | 0.00% | -22.99% | 23.61% | 56.17% |
| Convertible Bonds | 0.00% | 0.00% | 0.37% | 40.13% |
| Bonds | 0.00% | 0.00% | 12.39% | 47.53% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BTEC % Rank | |
|---|---|---|---|---|
| Healthcare | 99.83% | 59.26% | 100.00% | 54.78% |
| Consumer Defense | 0.17% | 0.00% | 25.73% | 8.92% |
| Utilities | 0.00% | 0.00% | 0.00% | 35.67% |
| Technology | 0.00% | 0.00% | 22.69% | 42.04% |
| Real Estate | 0.00% | 0.00% | 5.89% | 38.22% |
| Industrials | 0.00% | 0.00% | 7.02% | 41.40% |
| Financial Services | 0.00% | 0.00% | 1.60% | 56.69% |
| Energy | 0.00% | 0.00% | 0.00% | 35.67% |
| Communication Services | 0.00% | 0.00% | 9.11% | 38.85% |
| Consumer Cyclical | 0.00% | 0.00% | 1.92% | 40.13% |
| Basic Materials | 0.00% | 0.00% | 7.16% | 59.24% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BTEC % Rank | |
|---|---|---|---|---|
| US | 99.79% | 69.36% | 104.41% | 14.20% |
| Non US | 0.00% | 0.00% | 27.72% | 77.78% |
BTEC - Expenses
Operational Fees
| BTEC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.42% | 0.08% | 4.48% | 88.89% |
| Management Fee | 0.42% | 0.03% | 1.25% | 12.35% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| BTEC 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
| BTEC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
| BTEC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 45.80% | 0.00% | 238.00% | 44.20% |
BTEC - Distributions
Dividend Yield Analysis
| BTEC | Category Low | Category High | BTEC % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.24% | 60.49% |
Dividend Distribution Analysis
| BTEC | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Other | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| BTEC | Category Low | Category High | BTEC % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.27% | -2.54% | 1.85% | 53.55% |
Capital Gain Distribution Analysis
| BTEC | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2021 | $0.453 | OrdinaryDividend |
| Dec 17, 2020 | $0.215 | OrdinaryDividend |
| Dec 15, 2017 | $0.042 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.010 | CapitalGainLongTerm |
BTEC - Fund Manager Analysis
Managers
Jeffrey Schwarte
Start Date
Tenure
Tenure Rank
Aug 19, 2016
5.78
5.8%
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 |
|---|---|---|---|
| 0.02 | 24.72 | 7.87 | 0.25 |
