Principal

GENY

Principal Millennials Index ETF


The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq Global Millennial Opportunity Index (the "index"). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities of companies in the Nasdaq Global Index (the "parent index") that are impacted by the spending and lifestyle activities of the Millennial generation, which refers to people born from 1980 to the mid-2000s.

Key features

High-growth potential
An unconstrained approach designed to benefit from the global spending patterns of nearly 2 billion millennials worldwide – a generation expected to spend $10 trillion over their lifetimes.1


Embracing disruption
Seeks companies that derive a significant proportion of their revenues from millennials, whose consumer preferences have been disruptive across the economic landscape.


Harness the ripple effect
Millennial spending patterns reach far beyond their own wallets, influencing their parents’ brand choices.


1 "All About Millennial Consumers and Millennial-Friendly Customer Experiences", Forbes

Index methodology**

Principal Millennials Index ETF Index Methodology

Daily as of 9/24/2020 unless otherwise stated


Benchmark

Nasdaq Global Millennial Opportunity NTR Index


Net Asset Value (NAV)

$46.84

Price

$46.98


Net Assets

$60,895,247.95

NAV Per Share Ticker

GENY.NV


Daily Volume

1,199

Intraday NAV Ticker

GENY.IV


Shares Outstanding

1,300,001

Shares Outstanding Ticker

GENY.SO


30 Day SEC Yield as of 8/31/2020

0.34%

Estimated Cash Ticker

GENY.EU


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

0.34%

Total Cash Ticker

GENY.TC


Distribution Yield as of 7/1/2020

0.63%


Investment Manager or Sub-advisor

Principal Global Investors, LLC

Portfolio Managers

Aaron Siebel since 3/3/2020

Jeffrey Schwarte since 8/19/2016

  • 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 8.12 24.44 19.60 29.19 18.11 N/A N/A 19.27
Market Price Return 8.06 23.93 19.27 29.82 17.90 N/A N/A 19.24
Nasdaq Global Millennial Opportunity NTR Index 8.15 24.61 19.90 28.96 18.25 N/A N/A 19.48
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 7 8 13 14 8 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 7.84 35.13 3.65 12.96 14.91 N/A N/A 15.82
Market Price Return 7.56 35.09 3.51 12.83 14.79 N/A N/A 15.84
Nasdaq Global Millennial Opportunity NTR Index 7.83 35.42 3.75 12.65 15.03 N/A N/A 15.99
Calendar Year Total Returns 2019 2018 2017 2016 2015
Net Asset Value (NAV) Return 32.81 -7.90 41.08 N/A N/A
Market Price Return 33.91 -9.52 41.23 N/A N/A
Nasdaq Global Millennial Opportunity NTR Index 32.57 -7.77 41.60 N/A N/A
World Large Stock 25.68 -9.64 23.61 N/A N/A

*Inception date: 8/19/2016

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.

as of 8/31/2020
Rating # of Funds
3 Year Rating
# of Funds725
5 Year Rating

N/A

# of Funds610
Overall Rating
# of Funds861

Morningstar Category: World Large Stock

Ratings reflect risk adjusted performance.

Ex-Date Type $ Per Share
Ex-Date7/1/2020 TypeIncome $ Per Share0.067667
Ex-Date4/1/2020 TypeIncome $ Per Share0.024
Ex-Date12/27/2019 TypeIncome $ Per Share0.234546
Ex-Date10/1/2019 TypeIncome $ Per Share0.016364
Ex-Date7/1/2019 TypeIncome $ Per Share0.041637
Ex-Date4/1/2019 TypeIncome $ Per Share0.0198
Ex-Date12/27/2018 TypeIncome $ Per Share0.077949
Ex-Date10/1/2018 TypeIncome $ Per Share0.033637
Ex-Date7/2/2018 TypeIncome $ Per Share0.097818
Ex-Date4/2/2018 TypeIncome $ Per Share0.035
Ex-Date12/27/2017 TypeIncome $ Per Share0.020334
Ex-Date12/15/2017 TypeShort Term Capital Gain $ Per Share0.07285
Ex-Date12/15/2017 TypeLong Term Capital Gain $ Per Share0.000307
Ex-Date10/2/2017 TypeIncome $ Per Share0.0892

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
Alpha
7.56
--
Beta
1.21
--
Information Ratio
1.14
--
Mean
--
--
R-Squared
0.89
--
Sharpe Ratio
0.77
--
Standard Deviation
21.25
--
Tracking Error
7.99
--


Inception Date: 8/19/2016



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

Fund Information

as of 8/31/2020
Average Market Cap (mil): $41,643.37
Price/Earnings Ratio: 29.08
Price/Book Ratio: 4.28
Price/Cash Flow Ratio: 11.40
# Stock Holdings: 110
# Bond Holdings: 0
# Other Holdings: 2
# Total Holdings: 112
as of 8/31/2020
Investment Style
Large
Medium
Small
Interest-Rate Sensitivity
High
Medium
Low

as of 9/25/2020
Top 10 Holdings Total Market Value % of Net Assets
Top 10 HoldingsAPPLE INC COMMON STOCK USD.00001 Total Market Value1,657,281.08 % of Net Assets2.72%
Top 10 HoldingsFACEBOOK INC CLASS A COMMON STOCK USD.000006 Total Market Value1,460,249.56 % of Net Assets2.40%
Top 10 HoldingsADYEN NV COMMON STOCK EUR.01 Total Market Value1,418,712.04 % of Net Assets2.33%
Top 10 HoldingsSPOTIFY TECHNOLOGY SA COMMON STOCK EUR.000625 Total Market Value1,394,960.32 % of Net Assets2.29%
Top 10 HoldingsHOME DEPOT INC COMMON STOCK USD.05 Total Market Value1,389,079.60 % of Net Assets2.28%
Top 10 HoldingsCHIPOTLE MEXICAN GRILL INC COMMON STOCK USD.01 Total Market Value1,374,335.04 % of Net Assets2.26%
Top 10 HoldingsALIBABA GROUP HOLDING SP ADR ADR USD.000025 Total Market Value1,354,044.60 % of Net Assets2.22%
Top 10 HoldingsTENCENT HOLDINGS LTD COMMON STOCK HKD.00002 Total Market Value1,293,084.09 % of Net Assets2.12%
Top 10 HoldingsMICROSOFT CORP COMMON STOCK USD.00000625 Total Market Value1,257,746.10 % of Net Assets2.07%
Top 10 HoldingsPAYPAL HOLDINGS INC COMMON STOCK USD.0001 Total Market Value1,234,519.44 % of Net Assets2.03%

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 Net55.62% Short0.00% Long55.62%
Asset TypeNon-U.S. Stocks Net37.55% Short0.00% Long37.55%
Asset TypePreferred Net0.00% Short0.00% Long0.00%
Asset TypeOther Net0.00% Short0.00% Long0.00%
Asset TypeCash Net6.83% Short0.00% Long6.83%
Asset TypeConvertibles Net0.00% Short0.00% Long0.00%
Total: 100.00%
as of 8/31/2020
Stock Sector Breakdown (% of Stocks)
% of stocks
Cyclical
44.39%
Basic Materials 1.41%
Consumer Cyclical 37.26%
Financial Services 5.04%
Real Estate 0.68%


Defensive
6.87%
Consumer Defensive 6.87%
Healthcare 0.00%
Utilities 0.00%


Sensitive
48.74%
Communication Services 34.59%
Energy 0.00%
Industrials 1.48%
Technology 12.66%


Disclosures

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.

Index

The Principal Millennials Index ETF seeks to track the Nasdaq Global Millennial Opportunity Index, a Nasdaq-licensed index based on Principal’s intellectual property. The index provides exposure to global equity securities of companies that are impacted by the spending and lifestyle activities of the Millennial generation.​

Risks

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.

Footnote

**During extraordinary market conditions, the index provider may delay the scheduled rebalancing of the index until a future date when conditions have changed.