Principal Active Global Dividend Income ETF

The investment seeks current income and long-term growth of income and capital. The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities at the time of purchase. It invests in equity securities of small, medium and large market capitalization companies and in growth and value stocks.

Key features

Growers not payers
Dividend growers and payers have historically had higher returns with less risk than non-dividend paying stocks.

Powered by great companies
Adhering to a quality-first mentality removes subpar operators, helping to avoid value traps.

Independent thinking
Based in the Pacific Northwest, we avoid Wall Street’s herd mentality, which reinforces our contrarian edge.

Daily as of 9/25/2020 unless otherwise stated



Net Asset Value (NAV)




Net Assets


NAV Per Share Ticker


Intraday NAV Ticker


Shares Outstanding


Shares Outstanding Ticker


30 Day SEC Yield as of 8/31/2020


Estimated Cash Ticker


30 Day SEC Yield (Unsubsidized) as of 8/31/2020


Total Cash Ticker


Distribution Yield as of 7/1/2020


Investment Manager or Sub-advisor

Principal Global Investors, LLC

Portfolio Managers

Cliff Remily since 5/9/2017

Daniel Coleman since 5/9/2017

  • Monthlyas of 8/31/2020
  • Monthlyas of 8/31/2020
  • Quarterlyas of 6/30/2020
  • Calendar Yearas of 2019
Average Annual Total Returns 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception*
Net Asset Value (NAV) Return 4.84 13.82 -2.15 11.09 6.67 N/A N/A 7.51
Market Price Return 5.11 13.97 -2.44 10.83 6.62 N/A N/A 7.65
MSCI ACWI NTR Index 6.12 15.30 4.75 16.52 8.98 10.20 9.90 9.69
Morningstar Category
World Large Stock
5.52 14.38 5.19 15.20 8.22 9.43 9.60 N/A
# of Funds in Category 895 881 861 825 725 610 359 N/A
Morningstar Percentile Rankings 63 47 69 58 53 N/A N/A N/A
Average Annual Total Returns 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception*
Net Asset Value (NAV) Return 2.65 17.04 -11.75 -2.43 4.16 N/A N/A 4.44
Market Price Return 2.50 17.80 -12.26 -3.37 4.02 N/A N/A 4.49
MSCI ACWI NTR Index 3.20 19.22 -6.25 2.11 6.13 6.45 9.15 6.42
Calendar Year Total Returns 2019 2018 2017 2016 2015
Net Asset Value (NAV) Return 26.43 -9.44 N/A N/A N/A
Market Price Return 27.42 -9.52 N/A N/A N/A
MSCI ACWI NTR Index 26.60 -9.42 N/A N/A N/A
World Large Stock 25.68 -9.64 N/A N/A N/A

*Inception date: 5/9/2017

Some data is provided by Morningstar and is the most current information available. As of 8/31/2020


Morningstar percentile rankings are based on total returns. 

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Ex-Date Type $ Per Share
Ex-Date7/1/2020 TypeIncome $ Per Share0.130866
Ex-Date4/1/2020 TypeIncome $ Per Share0.1348
Ex-Date12/27/2019 TypeIncome $ Per Share0.24238
Ex-Date10/1/2019 TypeIncome $ Per Share0.199343
Ex-Date7/1/2019 TypeIncome $ Per Share0.235542
Ex-Date4/1/2019 TypeIncome $ Per Share0.149358
Ex-Date12/27/2018 TypeIncome $ Per Share0.144886
Ex-Date12/14/2018 TypeShort Term Capital Gain $ Per Share0.105531
Ex-Date12/14/2018 TypeLong Term Capital Gain $ Per Share0.192348
Ex-Date10/1/2018 TypeIncome $ Per Share0.142732
Ex-Date7/2/2018 TypeIncome $ Per Share0.240375
Ex-Date4/2/2018 TypeIncome $ Per Share0.136969
Ex-Date12/27/2017 TypeIncome $ Per Share0.111098
Ex-Date12/15/2017 TypeShort Term Capital Gain $ Per Share0.126402
Ex-Date12/15/2017 TypeLong Term Capital Gain $ Per Share0.001525
Ex-Date10/2/2017 TypeIncome $ Per Share0.134202

Dividends are paid quarterly.

This information shows differences between the per share net asset value (NAV) of the Fund and the market trading price of shares. For these purposes, the market price is the midpoint of the highest bid and lowest offer for Fund shares as of close of trading on the exchange where Fund shares are listed. Timing discrepancies may exist between NAV and closing price. Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.

as of 8/31/2020
3 Year 5 Year
Information Ratio
Sharpe Ratio
Standard Deviation
Tracking Error

Inception Date: 5/9/2017

Risk and return statistical data is calculated by Principal Global Investors.

Fund Information

as of 8/31/2020
Average Market Cap (mil): $73,728.11
Price/Earnings Ratio: 24.48
Price/Book Ratio: 2.77
Price/Cash Flow Ratio: 10.57
Turnover Ratio: 41.60%
# Stock Holdings: 60
# Bond Holdings: 0
# Other Holdings: 1
# Total Holdings: 61
as of 8/31/2020
Investment Style
Interest-Rate Sensitivity

as of 9/25/2020
Top 10 Holdings Total Market Value % of Net Assets
Top 10 HoldingsTAIWAN SEMICONDUCTOR SP ADR ADR Total Market Value10,804,761.38 % of Net Assets3.90%
Top 10 HoldingsMICROSOFT CORP COMMON STOCK USD.00000625 Total Market Value10,549,015.23 % of Net Assets3.81%
Top 10 HoldingsAPPLE INC COMMON STOCK USD.00001 Total Market Value9,847,154.24 % of Net Assets3.56%
Top 10 HoldingsNIKE INC CL B COMMON STOCK Total Market Value8,133,450.50 % of Net Assets2.94%
Top 10 HoldingsJPMORGAN CHASE + CO COMMON STOCK USD1.0 Total Market Value8,025,745.90 % of Net Assets2.90%
Top 10 HoldingsSAP SE COMMON STOCK Total Market Value6,855,664.90 % of Net Assets2.48%
Top 10 HoldingsMEDTRONIC PLC COMMON STOCK USD.1 Total Market Value6,752,683.60 % of Net Assets2.44%
Top 10 HoldingsBLACKROCK INC COMMON STOCK USD.01 Total Market Value5,939,590.05 % of Net Assets2.15%
Top 10 HoldingsNEXTERA ENERGY INC COMMON STOCK USD.01 Total Market Value5,906,328.74 % of Net Assets2.13%
Top 10 HoldingsUNION PACIFIC CORP COMMON STOCK USD2.5 Total Market Value5,898,472.15 % of Net Assets2.13%

Includes, but is not limited to, unsettled activity from creation/redemption transactions and portfolio security trades and accrued interest. Values may exceed 100% if both long and short positions are included in the portfolio.

as of 08/31/2020
Asset Type Net Short Long
Asset TypeU.S. Bonds Net0.00% Short0.00% Long0.00%
Asset TypeNon-U.S. Bonds Net0.00% Short0.00% Long0.00%
Asset TypeU.S. Stocks Net54.56% Short0.00% Long54.56%
Asset TypeNon-U.S. Stocks Net44.21% Short0.00% Long44.21%
Asset TypePreferred Net0.00% Short0.00% Long0.00%
Asset TypeOther Net0.00% Short0.00% Long0.00%
Asset TypeCash Net1.23% Short0.00% Long1.23%
Asset TypeConvertibles Net0.00% Short0.00% Long0.00%
Total: 101.00%
as of 8/31/2020
Stock Sector Breakdown (% of Stocks)
% of stocks
Basic Materials 3.68%
Consumer Cyclical 11.33%
Financial Services 16.53%
Real Estate 1.43%

Consumer Defensive 6.78%
Healthcare 11.16%
Utilities 3.93%

Communication Services 8.77%
Energy 3.39%
Industrials 12.70%
Technology 20.29%


Holding, portfolio and sector allocations are subject to change.

Returns shown for periods of less than one year are not annualized.

Investor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissions apply.

The market price used to calculate the Market Price Return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to waive (through the same dates) certain expenses that would normally be payable by the fund. The net expense figure reflects the impact of any limits or waivers. Returns displayed are based on net total investment expense.

Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns, and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted.

Investors should carefully consider a fund’s investment objectives, risks, charges, and expenses prior to investing.

© 2020 Morningstar, Inc. All Rights Reserved. Part of the data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Morningstar Style Box is a nine-square grid that provides a graphical representation of the "investment style" of a fund. The Equity style box classifies securities by size along the vertical axis and by value and growth characteristics along the horizontal axis. The model for the fixed-income style box is based on the two pillars of fixed-incomeperformance: interest-rate sensitivity and credit quality. The three interest sensitivity groups are limited, moderate and extensive and the three credit quality groups are high, medium and low. These groupings display a portfolio’s effective duration and third party credit ratings to provide an overall representation of the fund’s risk orientation given the sensitivity to interest rate and credit rating of bonds in the portfolio.

The Morningstar RatingTM for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Morningstar ratings do not reflect the inclusion of sales charges. If sales charges were reflected, ratings could be lower.


MSCI All Country World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets.


Asset allocation and diversification do not ensure a profit or protect against a loss. Investing in ETFs involves risk, including possible loss of principal. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance.

Equity investments involve greater risk, including higher volatility, than fixed-income investment options.

International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards.

Unlike typical ETFs, there are no indices that the Principal Active Global Dividend Income ETF attempts to track or replicate. Thus, the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager.