Principal Shareholder Yield
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers. |
Category | US Equities |
Fund Sponsor | The Principal Financial Group |
Website | www.principaletfs.com |
Inception date | Mar 21, 2016 |
Assets (mns) | $10 |
Currency | USD |
Expense ratio | 29 bp |
Distributions | Quarterly |
Regulation | Open-End Investment Company |
Custodian | |
Weighting | Tiered |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 135 |
Wgt avg mkt cap (mns) | $54,037 |
Large cap (>$10bn) | 65.2% |
Mid cap ($2-10bn) | 34.6% |
Small cap (<$2bn) | 0.3% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
LAM RESEARCH CORP | 1.4 % |
APPLIED MATERIALS INC | 1.3 % |
CDW CORP/DE | 1.3 % |
FORTUNE BRANDS HOME & SECURI | 1.2 % |
AMERIPRISE FINANCIAL INC | 1.1 % |
MASCO CORP | 1.1 % |
AMGEN INC | 1.1 % |
ILLINOIS TOOL WORKS | 1.1 % |
CELANESE CORP-SERIES A | 1.1 % |
PHILLIPS 66 | 1.1 % | Total | 11.9 % |
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UNITED STATES | 94.5 % |
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IRELAND | 2.3 % |
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SWITZERLAND | 1.0 % |
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BRITAIN | 0.5 % |
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CHINA | 0.5 % |
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PUERTO RICO | 0.5 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
24.5% | 9.7% | -- | -- | 10.7% |
versus... | Beta | R-squared |
S&P500 | 1.24 | 85% |
MSCI EAFE | 1.13 | 59% |
MSCI Emg. Mkts. | 0.78 | 44% |
Recent close | $33.54 |
30d moving avg. | $33.50 |
Annualized volatility | 16.3% |
Short interest (ETF) | 0.9% |
Relative strength (RSI) | 58 |
Avg. volume (thou.) | 7 |
Turnover | 2.3% |
Bid/Ask (% of price) | 0.16% |
ADV underlying (mns) | $35,284 |
FINDING ALTERNATIVE FUNDS
Below is a list of 20 potential alternatives to the Principal Shareholder Yield ETF based on the alternatives' overlap in portfolio holdings with PY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | PY | Expense: | 29 bp | ALTAR Score™: | 7.9% |
Ticker | Fund Name |
Overlap1 vs PY (%) |
Expense ratio (bp) |
Savings vs PY (bp) |
ALTAR Score™ (%) |
ALTAR vs PY (%) |
ESGS | Columbia Sustainable U.S. Equity Income | 35.2 | 35 | -6 | 8.3 | +0.4 |
SPYB | SPDR S&P 500 Buyback | 34.1 | 35 | -6 | 7.4 | -0.6 |
QSY | WisdomTree U.S. Quality Shareholder Yield | 29.3 | 38 | -9 | 7.0 | -1.0 |
QDYN | FlexShares Quality Dividend Dynamic | 28.8 | 37 | -8 | 6.8 | -1.2 |
ESGW | Columbia Sustainable Global Equity Income | 28.6 | 40 | -11 | 8.7 | +0.8 |
FTA | First Trust Large Cap Value | 27.2 | 62 | -33 | 8.6 | +0.6 |
LSAF | LeaderShares AlphaFactor US Core Equity | 26.7 | 75 | -46 | 6.6 | -1.4 |
JVAL | JPMorgan U.S. Value Factor | 26.4 | 12 | 17 | 8.5 | +0.6 |
CLRG | IQ Chaikin U.S. Large Cap | 26.0 | 25 | 4 | 8.1 | +0.2 |
SYLD | Cambria Shareholder Yield | 25.9 | 59 | -30 | 8.9 | +0.9 |
ONEY | SPDR Russell 1000 Yield Focus | 25.7 | 20 | 9 | 8.3 | +0.4 |
USDY | Pacific Global US Equity Income | 25.3 | 29 | 0 | 7.5 | -0.5 |
FXO | First Trust Financial Alphadex | 24.7 | 63 | -34 | 7.9 | -0.1 |
DIVB | iShares U.S. Dividend & Buyback | 24.6 | 25 | 4 | 6.7 | -1.3 |
QDF | FlexShares Quality Dividend | 24.1 | 37 | -8 | 7.1 | -0.8 |
PLC | Principal U.S. Large-Cap Multi-Factor Core Index | 24.1 | 15 | 14 | 5.6 | -2.4 |
RYF | Invesco S&P Equal Weight Financials | 23.8 | 40 | -11 | 7.4 | -0.5 |
OVLU | Invesco Russell 1000 Value Factor ETF | 23.6 | 19 | 10 | 7.9 | -0.1 |
FLAG | Forensic Accounting | 23.6 | 152 | -123 | 8.4 | +0.5 |
PXLV | Invesco Fundamental Pure Large Value | 23.5 | 39 | -10 | 8.4 | +0.5 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2014 | 2015 | 2016 | 2017 | 2018 | 2019E | 2020E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2018 | 2019E | 2020E | |
---|---|---|---|
Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Principal Shareholder Yield | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
SPECULATIVE |
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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