Principal

PLTL

Principal U.S. Small-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 small market capitalizations at the time of purchase. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model. The fund actively trades portfolio securities.

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 6/17/2021 unless otherwise stated


Benchmark

S&P 600 Index®


Net Asset Value (NAV)

$25.36

Price

$25.37


Net Assets

$6,340,877.37

Median Bid-Ask Spread as of 6/17/2021

0.23%


NAV Per Share Ticker

PLTL.NV


Intraday NAV Ticker

PLTL.IV


Shares Outstanding Ticker

PLTL.SO

30 Day SEC Yield as of 5/31/2021

N/A


Estimated Cash Ticker

PLTL.EU

30 Day SEC Yield (Unsubsidized) as of 5/31/2021

N/A


Total Cash Ticker

PLTL.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 N/A
  • Monthlyas of N/A
  • Quarterlyas of N/A
  • Calendar Yearas of 2020
Average Annual Total Returns 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception*
Net Asset Value (NAV) Return N/A N/A N/A N/A N/A N/A N/A 2.84
Market Price Return N/A N/A N/A N/A N/A N/A N/A N/A
S&P 600 Index® N/A N/A N/A N/A N/A N/A N/A N/A
Morningstar Category
Small Blend
1.26 7.80 20.24 64.50 11.53 13.79 10.96 N/A
# of Funds in Category 661 660 658 651 602 509 353 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 N/A N/A N/A N/A N/A N/A N/A N/A
Market Price Return N/A N/A N/A N/A N/A N/A N/A N/A
S&P 600 Index® N/A N/A N/A N/A N/A N/A N/A N/A
Calendar Year Total Returns 2020 2019 2018 2017 2016
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 600 Index® N/A N/A N/A N/A N/A
Small 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 5/31/2021

 

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

Dividends are paid quarterly.



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 5/31/2021
Average Market Cap (mil): $2,067.48
Price/Earnings Ratio: 14.61
Price/Book Ratio: 1.96
Price/Cash Flow Ratio: 6.89
Turnover Ratio: N/A%
# Stock Holdings: 541
# Bond Holdings: 0
# Other Holdings: 1
# Total Holdings: 542
as of 5/31/2021
Investment Style
Large
Medium
Small
Interest-Rate Sensitivity
High
Medium
Low

as of 6/18/2021
Top 10 Holdings Total Market Value % of Net Assets
Top 10 HoldingsGAMESTOP CORP CLASS A COMMON STOCK USD.001 Total Market Value74,008.29 % of Net Assets1.17%
Top 10 HoldingsCROCS INC COMMON STOCK USD.001 Total Market Value52,481.85 % of Net Assets0.83%
Top 10 HoldingsENSIGN GROUP INC/THE COMMON STOCK USD.001 Total Market Value38,532.48 % of Net Assets0.61%
Top 10 HoldingsUFP INDUSTRIES INC COMMON STOCK Total Market Value37,243.44 % of Net Assets0.59%
Top 10 HoldingsSELECT MEDICAL HOLDINGS CORP COMMON STOCK USD.001 Total Market Value37,053.25 % of Net Assets0.58%
Top 10 HoldingsINSIGHT ENTERPRISES INC COMMON STOCK USD.01 Total Market Value33,482.20 % of Net Assets0.53%
Top 10 HoldingsH.B. FULLER CO. COMMON STOCK USD1.0 Total Market Value33,026.07 % of Net Assets0.52%
Top 10 HoldingsAMERIS BANCORP COMMON STOCK USD1.0 Total Market Value31,428.54 % of Net Assets0.50%
Top 10 HoldingsMERITAGE HOMES CORP COMMON STOCK USD.01 Total Market Value30,297.60 % of Net Assets0.48%
Top 10 HoldingsCOMFORT SYSTEMS USA INC COMMON STOCK USD.01 Total Market Value29,981.25 % of Net Assets0.47%

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 05/31/2021
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 Net98.45% Short0.00% Long98.45%
Asset TypeNon-U.S. Stocks Net1.21% Short0.00% Long1.21%
Asset TypePreferred Net0.00% Short0.00% Long0.00%
Asset TypeOther Net0.00% Short0.00% Long0.00%
Asset TypeCash Net0.33% Short0.00% Long0.33%
Asset TypeConvertibles Net0.00% Short0.00% Long0.00%
Total: 100.00%
as of 5/31/2021
Stock Sector Breakdown (% of Stocks)
% of stocks
Cyclical
49.69%
Basic Materials 5.83%
Consumer Cyclical 19.39%
Financial Services 18.37%
Real Estate 6.11%


Defensive
14.69%
Consumer Defensive 4.92%
Healthcare 8.82%
Utilities 0.95%


Sensitive
35.61%
Communication Services 2.08%
Energy 3.38%
Industrials 19.07%
Technology 11.08%


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.

© 2021 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 600® Index is a market-capitalization-weighted index of 600 widely held stocks.

Risks

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

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.

Small-cap stocks may have additional risks including greater price volatility.

This Fund is new and has limited operating history.