- What does UUPP invest in?
- UUPP provides exposure to collateralized loan obligations (CLOs) through an actively managed ETF. It primarily targets senior tranches, typically investment grades, with lower risk and yield. The fund also invests in floating rate securities such as US Treasury and government securities, securitized assets including CMOs, CMBS, and ABS, and derivatives such as futures, credit default swaps, and other swaps for hedging, tactical positioning, and duration management. The portfolio duration is usually maintained at less than one year. The construction of the portfolio typically involves a combination of top-down and bottom-up approaches, utilizing fundamental, technical, and valuation methods to assess interest rate trends, economic conditions, market outlook, loan-level performance, and cash flow dynamics in selecting securities. The actively managed ETF is designed to generate current income, with a secondary goal of capital appreciation, during periods of rising US interest rates.
- What is the expense ratio of UUPP?
- Principal Exchange-Traded Funds - Principal CLO ETF (UUPP) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.
- What is UUPP's dividend yield?
- UUPP's trailing-twelve-month yield is 1.35%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of UUPP?
- Effective duration measures UUPP's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. UUPP's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of UUPP?
- UUPP'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 UUPP?
- Yield to maturity (YTM) is the total return you'd earn from UUPP if every bond in the portfolio is held to maturity at the current price. UUPP'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.
