PREF — Principal Spectrum Preferred Secs Active ETF
Principal Spectrum Preferred Secs Active ETF (ticker: PREF) is a preferred stock ETF issued by Principal tracking ACTIVE - No Index. It was launched on 2017-07-10.
About PREF
PREF is an actively managed exchange-traded fund that invests primarily in preferred securities. The fund aims to generate income by holding a portfolio that may include traditional preferred stocks, hybrid preferred securities, and other income-producing instruments issued by companies in developed markets.
Investors might consider PREF for exposure to the preferred stock asset class within a actively managed framework. The fund holds 117 securities, with its top holdings including issues from MetLife Inc., Bank of Nova Scotia, and Bank of America Corp.
- Actively managed ETF investing in preferred stock.
- Seeks income generation from a diversified portfolio of preferred securities in developed markets.
- As of the latest data, PREF holds 117 preferred securities.
- Top holdings include preferreds from financial institutions such as MetLife, Bank of Nova Scotia, and Bank of America.
- The expense ratio for PREF is 0.55%.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 0.00% |
| 1 Week | -0.16% |
| 1 Month | -0.45% |
| 3 Months | -0.73% |
| 6 Months | -0.63% |
| YTD | -0.73% |
| 1 Year | 2.74% |
| 3 Years | 24.88% |
| 5 Years | 12.18% |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 4.07% |
| 2 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 4.07% |
| 3 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 4.07% |
| 4 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 4.07% |
| 5 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 4.07% |
| 6 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 3.92% |
| 7 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 3.92% |
| 8 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 3.92% |
| 9 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 3.92% |
| 10 | AMERICAN EXPRESS CO JR SUBORDINA 12/99 VAR | N/A | 3.92% |
Fund Profile
| Issuer | Principal |
|---|---|
| Brand | Principal |
| Asset Class | preferred stock |
| Strategy | Active |
| Structure | ETF |
| Category | Preferred Stock/Convertible Bonds |
| Segment | Fixed Income: Global - Corporate, Preferred |
| Region | Developed Markets |
| Index Tracked | ACTIVE - No Index |
| Inception Date | 2017-07-10 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | PREF |
|---|---|
| Full Name | Principal Spectrum Preferred Secs Active ETF |
| Issuer | Principal |
| Asset Class | preferred stock |
| Expense Ratio | 0.01% |
| AUM | $1.72B |
| Inception | 2017-07-10 |
| Index Tracked | ACTIVE - No Index |
Frequently Asked Questions
What does PREF track?
PREF (Principal Spectrum Preferred Secs Active ETF) tracks ACTIVE - No Index, a preferred stock benchmark.
What is the expense ratio of PREF?
PREF has an expense ratio of 0.01% per year.
What is the AUM of PREF?
PREF has approximately $1.72B in assets under management.
Does PREF pay a dividend?
PREF distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues PREF?
PREF is issued by Principal, launched on 2017-07-10.
Open the interactive PREF dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.