Morningstar

Principal Spectrum Preferred Securities Active ETF PREF

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub

Morningstar’s Analysis PREF

Will PREF outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PREF’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PREF management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PREF’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Principal Spectrum Pref Secs Actv ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings PREF

More PREF Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank of America Corp. 6.25%

2.77 48M
Corporate

MetLife Inc. 5.85%

2.43 42M
Corporate

Enbridge Inc. 8.5%

2.38 42M
Corporate

The Toronto-Dominion Bank 8.125%

2.11 37M
Corporate

JPMorgan Chase & Co. 6.5%

1.99 35M
Corporate

PNC Financial Services Group Inc. 6.25%

1.87 33M
Corporate

Bank of Nova Scotia 8.625%

1.86 32M
Corporate

The Charles Schwab Corporation 6.1%

1.70 30M
Corporate

M&T Bank Corporation 3.5%

1.69 30M
Corporate

Wells Fargo & Co. 6.85%

1.63 28M
Corporate

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