Principal

GDVD

Principal Active Global Dividend Income ETF


The investment seeks current income and long-term growth of income and capital. The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities at the time of purchase. It invests in equity securities of small, medium and large market capitalization companies and in growth and value stocks.

Key features

Growers not payers
Dividend growers and payers have historically had higher returns with less risk than non-dividend paying stocks.


Powered by great companies
Adhering to a quality-first mentality removes subpar operators, helping to avoid value traps.


Independent thinking
Based in the Pacific Northwest, we avoid Wall Street’s herd mentality, which reinforces our contrarian edge.

Daily as of 9/12/2019 unless otherwise stated


Benchmark

MSCI All Country World Index NR (ACWI)

MSCI ACWI


Net Asset Value (NAV)

$27.92

Price

$28.27


Net Assets

$729,985,429.97

NAV Per Share Ticker

GDVD.NV


Intraday NAV Ticker

GDVD.IV


Shares Outstanding

26,150,001

Shares Outstanding Ticker

GDVD.SO


30 Day SEC Yield as of 8/31/2019

2.41%

Estimated Cash Ticker

GDVD.EU


30 Day SEC Yield (Unsubsidized) as of 8/31/2019

2.41%

Total Cash Ticker

GDVD.TC


Distribution Yield as of 7/1/2019

3.41%


Investment Manager or Sub-advisor

Principal Global Investors, LLC

Portfolio Managers

Cliff Remily since 5/9/2017

Daniela Spassova since 5/9/2017

Paul Kim since 5/9/2017

Daniel Coleman since 5/9/2017

  • Monthlyas of 7/31/2019
  • Monthlyas of 7/31/2019
  • Quarterlyas of 6/30/2019
  • Calendar Year
Average Annual Total Returns 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception*
Net Asset Value (NAV) Return
0.40
-0.38
14.80
1.00
N/A N/A N/A
7.69
Market Price Return
0.27
0.30
16.01
2.06
N/A N/A N/A
8.17
MSCI All Country World Index NR (ACWI)
0.29
0.52
16.57
2.95
N/A N/A N/A
8.29
World Large Stock
-1.95
4.11
14.13
-0.58
8.74
5.47
8.73
N/A
Morningstar Percentile Rankings
26.00
64.00
61.00
51.00
N/A N/A N/A N/A
# of Funds in Category
931.00
913.00
903.00
874.00
729.00
595.00
367.00
N/A
Morningstar Percentile Rankings
77.00
72.00
71.00
55.00
N/A N/A N/A N/A
# of Funds in Category
892.00
889.00
866.00
840.00
699.00
580.00
353.00
N/A
Morningstar Percentile Rankings
77.00
72.00
71.00
56.00
N/A N/A N/A N/A
# of Funds in Category
927.00
922.00
898.00
871.00
727.00
597.00
364.00
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
5.86
3.93
14.35
4.12
N/A N/A N/A
7.81
Market Price Return
6.68
5.18
15.70
5.35
N/A N/A N/A
8.37
MSCI All Country World Index NR (ACWI)
6.55
3.61
16.23
5.74
N/A N/A N/A
8.48
Calendar Year Total Returns 2018 2017 2016 2015 2014
Net Asset Value (NAV) Return 2018-9.44 2017N/A 2016N/A 2015N/A 2014N/A
Calendar Year Total Returns 2018 2017 2016 2015 2014
Market Price Return 2018-9.52 2017N/A 2016N/A 2015N/A 2014N/A
Calendar Year Total Returns 2018 2017 2016 2015 2014
MSCI All Country World Index NR (ACWI) 2018-9.42 2017N/A 2016N/A 2015N/A 2014N/A
Calendar Year Total Returns 2018 2017 2016 2015 2014
World Large Stock 2018-9.64 201723.61 20165.54 2015-1.69 20142.79

*Inception date: 5/9/2017

 

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
Ex-Date7/1/2019 TypeIncome $ Per Share0.235542
Ex-Date4/1/2019 TypeIncome $ Per Share0.149358
Ex-Date12/27/2018 TypeIncome $ Per Share0.144886
Ex-Date12/14/2018 TypeLong Term Capital Gain $ Per Share0.192348
Ex-Date12/14/2018 TypeShort Term Capital Gain $ Per Share0.105531
Ex-Date10/1/2018 TypeIncome $ Per Share0.142732
Ex-Date7/2/2018 TypeIncome $ Per Share0.240375
Ex-Date4/2/2018 TypeIncome $ Per Share0.136969
Ex-Date12/27/2017 TypeIncome $ Per Share0.111098
Ex-Date12/15/2017 TypeLong Term Capital Gain $ Per Share0.001525
Ex-Date12/15/2017 TypeShort Term Capital Gain $ Per Share0.126402
Ex-Date10/2/2017 TypeIncome $ Per Share0.134202
Ex-Date7/3/2017 TypeIncome $ Per Share0.126083

Dividends are paid quarterly.

This information shows differences between the per share net asset value (NAV) of the Fund and the market trading price of shares. For these purposes, the market price 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. 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 8/31/2019
3 Year 5 Year
Alpha -- --
Beta -- --
Information Ratio -- --
Mean -- --
R-Squared -- --
Sharpe Ratio -- --
Standard Deviation -- --
Tracking Error -- --

Inception Date: 5/9/2017



Risk and return statistical data is calculated by Morningstar, Inc.


Excess Return is calculated by Principal.

Fund Information

as of 8/31/2019
Average Market Cap (mil): $38,453.13
Price/Earnings Ratio: 16.06
Price/Book Ratio: 2.34
Price/Cash Flow Ratio: 10.55
Turnover Ratio: 31.50%
# Stock Holdings: 61
# Bond Holdings: 0
# Other Holdings: 1
# Total Holdings: 62
as of 8/31/2019

as of 9/13/2019
Top 10 Holdings Total Market Value % of Net Assets
Top 10 HoldingsTAIWAN SEMICONDUCTOR SP ADR ADR Total Market Value25,739,083.50 % of Net Assets3.53%
Top 10 HoldingsAPPLE INC COMMON STOCK USD.00001 Total Market Value24,372,928.59 % of Net Assets3.34%
Top 10 HoldingsMICROSOFT CORP COMMON STOCK USD.00000625 Total Market Value24,312,848.40 % of Net Assets3.33%
Top 10 HoldingsJPMORGAN CHASE + CO COMMON STOCK USD1.0 Total Market Value23,600,629.78 % of Net Assets3.23%
Top 10 HoldingsPACWEST BANCORP COMMON STOCK Total Market Value21,519,795.05 % of Net Assets2.95%
Top 10 HoldingsROCHE HOLDING AG GENUSSCHEIN COMMON STOCK Total Market Value19,537,523.21 % of Net Assets2.68%
Top 10 HoldingsAMBEV SA ADR ADR Total Market Value19,456,544.11 % of Net Assets2.67%
Top 10 HoldingsWALT DISNEY CO/THE COMMON STOCK USD.01 Total Market Value18,208,300.00 % of Net Assets2.49%
Top 10 HoldingsHASBRO INC COMMON STOCK USD.5 Total Market Value17,702,771.88 % of Net Assets2.43%
Top 10 HoldingsPACCAR INC COMMON STOCK USD1.0 Total Market Value17,680,178.88 % of Net Assets2.42%

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 8/31/2019
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 Net42.20% Short0.00% Long42.20%
Asset TypeNon-U.S. Stocks Net57.35% Short0.00% Long57.35%
Asset TypePreferred Net0.00% Short0.00% Long0.00%
Asset TypeOther Net0.00% Short0.00% Long0.00%
Asset TypeCash Net0.46% Short0.00% Long0.46%
Asset TypeConvertibles Net0.00% Short0.00% Long0.00%
Total: 100.00%
as of 8/31/2019
Stock Sector Breakdown (% of Stocks)
% of stocks
Cyclical
37.53%
Basic Materials 4.86%
Consumer Cyclical 13.44%
Financial Services 16.44%
Real Estate 2.80%


Defensive
22.94%
Consumer Defensive 9.16%
Healthcare 10.56%
Utilities 3.22%


Sensitive
39.53%
Communication Services 3.51%
Energy 5.87%
Industrials 12.18%
Technology 17.97%


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.

The market price used to calculate the Market Price Return is 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. 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.

© 2019 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-incomeperformance: 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

MSCI All Country World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets.

Risks

Asset allocation and diversification do not ensure a profit or protect against a loss. Investing in ETFs involves risk, including possible loss of principal. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance.

Equity investments involve greater risk, including higher volatility, than fixed-income investment options.

International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards.

Unlike typical ETFs, there are no indices that the Principal Active Global Dividend Income ETF attempts to track or replicate. Thus, the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager.