- What does DWWN invest in?
- DWWN is an actively managed ETF designed to generate current income, with a secondary goal of capital appreciation, during periods of falling US interest rates. The fund mainly invests in US Treasury STRIPS (Separate Trading of Registered Interest and Principal of Securities). These instruments are created by separating a Treasury security's interest payments from its principal. The detached interest components are sold individually as zero-interest securities, while the principal is redeemed at par upon maturity. While the fund is not managed to a specific maturity, it targets an average portfolio duration within around 10% of its benchmark index, which focuses on maturities exceeding 20 years. The fund may also hold other US Treasury securities. To manage duration and pursue tactical positioning, the fund utilizes derivatives. The funds strategy may result in frequent and active trading.
- What is the expense ratio of DWWN?
- Principal Exchange-Traded Funds - Principal Long Duration ETF (DWWN) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.
- What is DWWN's dividend yield?
- DWWN's trailing-twelve-month yield is 1.45%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of DWWN?
- Effective duration measures DWWN's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DWWN's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of DWWN?
- DWWN's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of DWWN?
- Yield to maturity (YTM) is the total return you'd earn from DWWN if every bond in the portfolio is held to maturity at the current price. DWWN's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
