Principal FundsPreferred StockPREF · NYSE Arca

Principal Spectrum Preferred Secs Active ETF (PREF)

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Price: $18.65; —11 Sept 2026
Assets: $1.9B; Total net assets
Expense ratio: 0.55%; Category 0.92%
Yield: 5.29%; Trailing distributions

1Y return: 3.2%+2.6%; Category 0.6%
3Y CAGR: 8.3%+1.4%; Category 7.0%
5Y CAGR: 2.6%+1.3%; Category 1.2%

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Principal Spectrum Preferred Secs Active ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-0.5%	-0.4%	+1.1%	+1.3%	+3.2%	+8.3%	+2.6%	—	+4.0%
Preferred Stock average	-1.1%	-0.9%	0.9%	0.7%	0.6%	7.0%	1.2%	2.9%	3.5%
Difference	+0.6%	+0.5%	+0.2%	+0.6%	+2.6%	+1.4%	+1.3%	—	+0.5%

Holdings

Allocation as last published by the fund.

Sector allocation

Share of the equity the fund holds.

Financial services100.0%

Asset mix

Bonds61.7%
Preferred shares38.0%
Convertibles4.2%
Cash0.4%

Credit quality

Share of the bonds by rating.

A5.2%
BBB61.6%
BB33.3%

ETF details

Issuer: Principal Funds
Category: Fixed Income · Preferred Stock
Ticker: PREF
Exchange: NYSE Arca
Inception: 10 Jul 2017 (9.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.55% (category 0.92%)
Holdings turnover: 34% (category 40%)
Distribution yield: 5.29%
Beta, 3 years: 0.59
Total net assets: $1.9B
Average duration: 6.58 years
Average maturity: 10.09 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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