Principal Active High Yield ETF

Frequently Asked Questions About YLD

What does YLD invest in?

The investment seeks to provide a high level of current income. The fund is an actively managed exchange-traded fund ("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 below-investment-grade (commonly known as "junk" or "high yield") fixed-income securities, such as bonds and bank loans. The fund invests in U.S. treasury securities, investment grade bank loans (also known as senior floating rate interests), and preferred securities.

What is the expense ratio of YLD?

Principal Active High Yield ETF (YLD) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.

What is YLD's dividend yield?

YLD's trailing-twelve-month yield is 7.38%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of YLD?

Effective duration measures YLD's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. YLD's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of YLD?

YLD'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 YLD?

Yield to maturity (YTM) is the total return you'd earn from YLD if every bond in the portfolio is held to maturity at the current price. YLD'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.