PSET

Principal Quality ETF

The Principal Price Setters Index ETF tracks an index of large-cap US firms with a high degree of pricing power. Holdings are selected by several fundamental and technical factors, and weighted equally within three tiers.


US

EQUITY

Active

MANAGEMENT STYLE

57.6 M

ASSETS UNDER MGMT

15 bp

EXPENSES
Fund Basics
Fund sponsorThe Principal Financial Group
CategoryUS
Asset classEquity
Websitelink...
Inception dateMar 21, 2016
Assets (mns)$58
Expense ratio15 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MICROSOFT CORP 7.6 %
APPLE INC 5.9 %
NVIDIA CORP 4.4 %
BROADCOM INC. 3.5 %
AMAZON.COM INC 2.4 %
NETFLIX INC 2.4 %
ALPHABET INC. CLASS C 2.0 %
INTL BUSINESS MACHINES CORP 1.9 %
BOSTON SCIENTIFIC CORP 1.8 %
FISERV, INC. 1.8 %
Constituent Breakdown
Number of holdings74
Herfindahl-Hirschman Index 224
Wgt avg mkt cap (mns)$747,024
Large cap (>$10bn)100.0%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 93.5 %
IRELAND 5.9 %
Historical Performance


Standardized Performance (as of 04/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns -7.7% 3.5% 12.4% 8.6% 12.3% -- -- 11.3%
Dividend Yield 0.0% 0.3% 0.7% 1.0% 1.1% -- -- 1.3%
Total Returns -7.7% 3.8% 13.1% 9.6% 13.4% -- -- 12.5%
Ann. Volatility 30.6% 21.9% 18.2% 19.6% 18.7% -- -- 21.4%
Market Correlations
versus...BetaR-squared
S&P 5001.0496%
MSCI EAFE0.8161%
MSCI Emg Mkts0.6033%
Liquidity Measures
Avg. volume (000)13
Turnover1.5%
Avg. Bid/Ask (% of price)0.22%
ADV of underlying (mns)$86,386
Technical Indicators
Recent close$66.09
30d moving avg.$64.50
Annualized volatility17.6%
Relative strength (RSI)49
Short interest (ETF)0.2%
Short interest (underlying)1.6%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial

Risk and Returns: PSET vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Valuation Metrics
  Fwd Est 2024 2025 2026
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
Based on closing prices from 4/30/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
PSET



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

Some content on this tab for Individual & Professional subscribers only. Start your FREE trial

ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

PSET

5.8%

Cat. Avg

6.5%


ALTAR Score™ Calculation

Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™ of 6.5% and a standard deviation of 2.7%. PSET's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places PSET in the 39th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

PSET
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
PSET (15 bp) Percentile rank 9
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PSET 15.0 22.2 37.2
Peer Avg. 53.7 32.7 86.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .