Principal

PLRG

Principal U.S. Large-Cap Adaptive Multi-Factor ETF


The investment seeks long-term growth of capital. 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 large market capitalizations at the time of purchase. As a result, changes in the value of a single investment could cause greater fluctuations in it's share price than would occur in a more diversified fund. The fund’s strategies may result in the active and frequent trading of its portfolio securities. It is non-diversified.

Key features

Adaptive
Adapts portfolio construction to equity market risk.

Multi-factor exposure
Combine factors when and how they are most likely to outperform the market.

Market-cap exposure
Use market-cap exposure when and where it's expected to matter most.

Daily as of 5/18/2022 unless otherwise stated


Benchmark

S&P 500® Index


Net Asset Value (NAV)

$24.01

Price

$23.96


Net Assets

$14,408,434.30

Median Bid-Ask Spread as of 5/18/2022

0.19%


NAV Per Share Ticker

PLRG.NV


Intraday NAV Ticker

PLRG.IV


Shares Outstanding Ticker

PLRG.SO

30 Day SEC Yield as of 4/30/2022

1.39%


Estimated Cash Ticker

PLRG.EU

30 Day SEC Yield (Unsubsidized) as of 4/30/2022

1.39%


Total Cash Ticker

PLRG.TC


Investment Manager or Sub-advisor

Principal Global Investors, LLC

Portfolio Managers

Aaron Siebel since 5/19/2021

Jeffrey Schwarte since 5/19/2021

  • Monthlyas of 4/30/2022
  • Monthlyas of 4/30/2022
  • Quarterlyas of 3/31/2022
  • Calendar Yearas of 2021
Average Annual Total Returns 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception*
Net Asset Value (NAV) Return -7.83 -6.56 -12.78 N/A N/A N/A N/A 1.56
Market Price Return -7.79 -6.57 -12.79 N/A N/A N/A N/A 1.60
S&P 500® Index -8.72 -8.17 -12.92 0.21 13.83 13.65 N/A 1.70
Morningstar Category
Large Blend
-7.80 -7.65 -12.61 -1.68 12.17 11.99 12.20 N/A
# of Funds in Category 1421 1407 1402 1348 1212 1104 808 N/A
Morningstar Percentile Rankings N/A N/A N/A N/A N/A 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 3.95 -5.36 -5.36 N/A N/A N/A N/A 10.19
Market Price Return 3.98 -5.42 -5.42 N/A N/A N/A N/A 10.19
S&P 500® Index 3.71 -4.60 -4.60 15.65 18.91 15.98 N/A 11.42
Calendar Year Total Returns 2021 2020 2019 2018 2017
Net Asset Value (NAV) Return N/A N/A N/A N/A N/A
Market Price Return N/A N/A N/A N/A N/A
S&P 500® Index N/A N/A N/A N/A N/A
Morningstar Category
Large Blend
N/A N/A N/A N/A N/A

*Inception date: 5/19/2021

Some data is provided by Morningstar and is the most current information available. As of 5/18/2022

 

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-Date4/1/2022 TypeIncome $ Per Share0.09072
Ex-Date12/29/2021 TypeIncome $ Per Share0.094746
Ex-Date10/1/2021 TypeIncome $ Per Share0.04261
Ex-Date7/1/2021 TypeIncome $ Per Share0.01287

Dividends are paid quarterly.


Q2 2021 Q3 2021 Q4 2021 Q1 2022
Days Traded At Premium Q2 202126 Q3 202155 Q4 202141 Q1 202226
Days Traded At Discount Q2 20213 Q3 20219 Q4 202123 Q1 202236

Inception: 5/19/2021

This information shows differences between the per share net asset value (NAV) of the Fund and the market price of shares. For premiums and discounts reflected for dates prior to 11/02/2020, the market price utilized 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. For premiums and discounts reflected for dates beginning on 11/02/2020, the market price utilized is the official closing price of the Fund shares, or if it more accurately reflects the market value of the Fund shares at the time as of which the Fund share’s NAV is calculated, the price that is the midpoint between the national best bid and national best offer as of that time. 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 N/A
3 Year 5 Year


Inception Date: 5/19/2021



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

Fund Information

as of 5/18/2022
Average Market Cap (mil): $138,603.34
Price/Earnings Ratio: 15.97
Price/Book Ratio: 3.05
Price/Cash Flow Ratio: 9.85
Turnover Ratio: 0.40%
# Stock Holdings: 451
# Bond Holdings: 0
# Other Holdings: 2
# Total Holdings: 453
as of 5/18/2022
Investment Style
Large
Medium
Small
Interest-Rate Sensitivity
High
Medium
Low

as of 5/19/2022
Top 10 Holdings Total Market Value % of Net Assets
Top 10 HoldingsAPPLE INC COMMON STOCK USD.00001 Total Market Value944,338.92 % of Net Assets6.55%
Top 10 HoldingsMICROSOFT CORP COMMON STOCK USD.00000625 Total Market Value819,916.16 % of Net Assets5.69%
Top 10 HoldingsAMAZON.COM INC COMMON STOCK USD.01 Total Market Value400,600.75 % of Net Assets2.78%
Top 10 HoldingsALPHABET INC CL A COMMON STOCK USD.001 Total Market Value288,700.71 % of Net Assets2.00%
Top 10 HoldingsALPHABET INC CL C COMMON STOCK USD.001 Total Market Value269,762.40 % of Net Assets1.87%
Top 10 HoldingsBERKSHIRE HATHAWAY INC CL B COMMON STOCK USD.0033 Total Market Value264,017.04 % of Net Assets1.83%
Top 10 HoldingsTESLA INC COMMON STOCK USD.001 Total Market Value248,433.50 % of Net Assets1.72%
Top 10 HoldingsMETA PLATFORMS INC CLASS A COMMON STOCK USD.000006 Total Market Value195,508.08 % of Net Assets1.36%
Top 10 HoldingsUNITEDHEALTH GROUP INC COMMON STOCK USD.01 Total Market Value190,437.52 % of Net Assets1.32%
Top 10 HoldingsNVIDIA CORP COMMON STOCK USD.001 Total Market Value182,083.50 % of Net Assets1.26%

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 05/18/2022
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 Net96.37% Short0.00% Long96.37%
Asset TypeNon-U.S. Stocks Net1.04% Short0.00% Long1.04%
Asset TypePreferred Net0.00% Short0.00% Long0.00%
Asset TypeOther Net0.00% Short0.00% Long0.00%
Asset TypeCash Net2.59% Short0.00% Long2.59%
Asset TypeConvertibles Net0.00% Short0.00% Long0.00%
Total: 101.00%
as of 5/18/2022
Stock Sector Breakdown (% of Stocks)
% of stocks
Cyclical
31.30%
Basic Materials 2.26%
Consumer Cyclical 11.18%
Financial Services 14.88%
Real Estate 2.99%


Defensive
23.80%
Consumer Defensive 6.49%
Healthcare 14.66%
Utilities 2.65%


Sensitive
44.90%
Communication Services 7.86%
Energy 5.54%
Industrials 8.95%
Technology 22.54%


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.

Prior to 11/02/2020, the market price used to disclose the daily price and calculate daily premiums and discounts was 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. Beginning on 11/02/2020, the market price used to disclose the daily price and calculate daily premiums and discounts is the official closing price of the Fund, or if it more accurately reflects the market value of the Fund share at the time as of which the Fund’s NAV is calculated, the price that is the midpoint between the national best bid and national best offer as of that time. For the purpose of calculating Market Price Return, a market price prior to 02/01/2021 is defined as 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 while a market price on or after 02/01/2021 is defined as the official close price 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.

© 2022 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-income performance: 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

S&P 500® Index is a market-capitalization-weighted index of 500 widely held stocks often used as a proxy for the stock market.

Risks

Equity investments involve greater risk, including heightened volatility, than fixed income investments.

The fund is non-diversified, so it may invest a high percentage of its assets in the securities of a small number of issuers and is more likely than diversified funds to be significantly affected by a specific security's poor performance.

Equities considered to be quality or value stocks may not perform as expected. Stocks that previously exhibited high momentum characteristics may not experience positive momentum or may experience more volatility than the market as a whole.

This Fund is new and has limited operating history.