Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities. Examples of preferred securities include preferred stock, certain depositary receipts, and various types of junior subordinated debt. In particular, the fund focuses on preferred securities known as "$1,000 par preferred securities," which are issued in large, institutional lot sizes, typically by U.S. and non-U.S. financial services companies and other corporations.
Frequently asked questions
What is the Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF (PREF) expense ratio?
The Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF funds expense ratio is 0.55%.
What is Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF (PREF) current stock price?
As of the latest data, Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF stock price is $18.30, with a previous close of $18.28. Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF gained $0.02 in the last trading session, representing a 0.11% increase.
Does Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF (PREF) pay dividends?
Yes. Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF pays monthly dividends with an annualized yield of 5.53% and an estimated annual payout of $1.01 per share.
When is the next ex-dividend date for Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF (PREF)?
The next ex-dividend date is scheduled for October 01, 2026.
