- What does WDE invest in?
- WDE provides exposure to securitized credit instruments through an actively managed ETF. This includes investment-grade agency and non-agency mortgage-backed securities (MBS), asset-backed securities (ABS), and other similar instruments. It may also hold other fixed-income securities, cash, and cash equivalents, and invest in derivatives for hedging, tactical positioning, and duration management. While the fund is not managed to a specific maturity, it targets an average portfolio duration within +/- 50% of a custom index. The portfolio management process combines top-down and bottom-up analysis, utilizing fundamental, technical, and valuation methods to evaluate securitized debt sectors, risks, and opportunities. Each position is selected to align with client objectives. The actively managed ETF is designed to generate current income, with a secondary goal of capital appreciation, during periods of corporate credit spread widening.
- What is the expense ratio of WDE?
- Principal Exchange-Traded Funds - Principal Securitized Debt ETF (WDE) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.
- What is WDE's dividend yield?
- WDE's trailing-twelve-month yield is 1.29%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of WDE?
- Effective duration measures WDE's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. WDE's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of WDE?
- WDE'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 WDE?
- Yield to maturity (YTM) is the total return you'd earn from WDE if every bond in the portfolio is held to maturity at the current price. WDE'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.
