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ETFs

Principal Spectrum Preferred Securities Active ETF

PREF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 11, 2017
Expense Ratio
0.55%
Type
Preferred
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$2,230,996
AUM
$600,877,584
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

WFC5114143
Wells Fargo & Co. - FXDFR PRF PERPETUAL USD 1000
4.31%
TD5487531
TORONTO DOMINION BANK JR SUBORDINA 10/82 VAR
3.70%
SO5046467
SOUTHERN CO JR SUBORDINA 01/51 VAR
2.82%
n/a
JPMorgan Chase & Co. - FXDFR PRF PERPETUAL USD 1000 - Ser KK
2.65%
USB5283647
U.S. Bancorp. - FXDFR PRF PERPETUAL USD 1000 - Ser N
2.45%
ING4685799
Voya Financial, Inc. 6.125% Rate Reset Non-Cum Pfd Registered Shs Series A
2.36%
DUK4882328
Duke Energy Corp. - FXDFR PRF PERPETUAL USD 1000 - Ser B
2.33%
MTB5237990
M&T Bank Corporation Depositary Shs Repr 1/10th Fix-to-Fltg Non-Cum Red Perp Pfd Rg Sh Ser I
2.30%
NEE5320939
NEXTERA ENERGY CAPITAL COMPANY GUAR 03/82 VAR
2.23%
COF5198758
Capital One Financial Corp 3.950 % Fixed-to-Fltg Non-Cum Perp Pfd Registered Shs Series M
2.22%
Invest with PREF

What is PREF?

The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. The Fund concentrates its investments (invests more than 25% of its net assets) in securities in the financial services (i.e., banking, insurance and commercial finance) industry.

ETFs related toPREF

ETFs correlated to PREF include VRP, FPE, FPEI

PREF
Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
FPEI
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PREF is a Preferred ETF. The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. The Fund concentrates its investments (invests more than 25% of its net assets) in securities in the financial services (i.e., banking, insurance and commercial finance) industry.

PREF dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, PREF is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PREF is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PREF is 0.0001%. This is the percent change in the value of PREF over the most recent 1-month period. The 3-month return on PREF is 0.0174%. This is the percent change in the value of PREF over the most recent 3-month period.

The standard deviation of PREF for the past year is 0.0747%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PREF include QAI, PCEF, and MLPA.

ETFs correlated to PREF include VRP, FPE, and FPEI.

ETFs that are inversely correlated to PREF include XBIL, VIXM, and BNKD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.