PSET
Principal Price Setters Index 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.
Fund Basics
| Fund sponsor | The Principal Financial Group |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 21, 2016 |
| Assets (mns) | $39 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 5.6 % |
| MICROSOFT CORP | 5.1 % |
| NVIDIA CORP | 4.7 % |
| BROADCOM INC. | 2.3 % |
| UNITEDHEALTH GROUP INC | 2.3 % |
| ADOBE SYSTEMS INC | 2.2 % |
| MASTERCARD INCORPORATED CLASS A | 2.2 % |
| ALPHABET INC. CLASS C | 2.0 % |
| ACCENTURE PLC-CL A | 1.8 % |
| MERCK & CO. INC. | 1.8 % |
Constituent Breakdown
| Number of holdings | 68 |
| Herfindahl-Hirschman Index | 201 |
| Wgt avg mkt cap (mns) | $527,230 |
| Large cap (>$10bn) | 95.0% |
| Mid cap ($2-10bn) | 0.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.9 % |
 |
IRELAND | 4.4 % |
 |
NETHERLANDS | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 16.4% | 19.8% | 2.0% | 11.2% | 11.9% | -- | 13.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 92% |
| MSCI EAFE | 0.83 | 70% |
| MSCI Emg Mkts | 0.56 | 30% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $75,584 |
Technical Indicators
| Recent close | $55.57 |
| 30d moving avg. | $56.58 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 1.8% |
| 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
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PSET |
Expenses vs. PSET |
ALTAR Score™ vs. PSET |
|---|---|---|---|---|
| QUAL | iShares MSCI Usa Quality Factor ETF | 38.9% | 0 bp | 0.0% |
| USMC | Principal U.S. Mega-Cap Multi-Factor Index ETF | 38.5% | -3 bp | -1.1% |
| IVW | iShares S&P 500 Growth ETF | 37.2% | +3 bp | -0.7% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 37.1% | -11 bp | -0.6% |
| VOOG | Vanguard S&P 500 Growth ETF | 37.1% | -5 bp | -0.6% |
| SPHQ | Invesco S&P 500 Quality ETF | 36.9% | 0 bp | -0.4% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 36.5% | 0 bp | +0.8% |
| IUSG | iShares Core S&P US Growth ETF | 36.2% | -11 bp | -0.5% |
| STXD | Strive 1000 Dividend Growth ETF | 35.9% | +20 bp | -0.3% |
| IGM | iShares Expanded Tech Sector ETF | 35.5% | +26 bp | -1.2% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/20/2023
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
PSET
6.2%
Cat. Avg
6.3%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.2% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.1%. PSET's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places PSET in the 49th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PSET
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PSET | 15.0 | 24.0 | 39 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .