PY
Principal Value ETF
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.
US
EQUITY
Active
MANAGEMENT STYLE
$ 122.0 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Mar 21, 2016 |
| Regulation | Open-End Investment Company |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 8.1 % |
| AMAZON.COM INC | 3.1 % |
| WAL-MART STORES INC | 2.5 % |
| BANK OF AMERICA CORP | 2.1 % |
| PROCTER & GAMBLE CO/THE | 2.0 % |
| UNITEDHEALTH GROUP INC | 1.8 % |
| MERCK & CO. INC. | 1.7 % |
| SALESFORCE.COM INC | 1.7 % |
| ABBVIE INC | 1.6 % |
| JOHNSON & JOHNSON | 1.5 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 170 |
| Wgt avg mkt cap (mns) | $567,880 |
| Large cap (>$10bn) | 95.1% |
| Mid cap ($2-10bn) | 2.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.6 % |
 |
IRELAND | 3.1 % |
 |
SWITZERLAND | 1.2 % |
 |
BERMUDA | 0.9 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.9% | 5.4% | 9.6% | 9.3% | 7.4% | -- | -- | 8.0% |
| Dividend Yield | 0.0% | 2.3% | 2.5% | 2.7% | 2.9% | -- | -- | 2.8% |
| Total Returns | 2.9% | 7.7% | 12.1% | 12.0% | 10.3% | -- | -- | 10.8% | Ann. Volatility | 11.5% | 17.6% | 15.0% | 14.3% | 16.1% | -- | -- | 22.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 83% |
| MSCI EAFE | 0.83 | 60% |
| MSCI Emg Mkts | 0.65 | 44% |
Liquidity Measures
| Avg. volume (000) | 20 |
| ADV traded (mns) | $1 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $52.79 |
| Relative strength (RSI) | 41 |
| MACD/Signal | -0.35/-0.08 |
| Bollinger Bands (Upper/Lower) | $54.51/$51.49 |
| Short interest (% of AUM) | 0.9% |
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. PY |
Expenses vs. PY |
ALTAR Score™ vs. PY |
|---|---|---|---|---|
| VOOV | Vanguard S&P 500 Value ETF | 40.3% | -8 bp | -1.7% |
| SPYV | State Street SPDR Portfolio S&P 500 Value ETF | 40.2% | -11 bp | -1.6% |
| IVE | iShares S&P 500 Value ETF | 40.2% | +3 bp | -1.8% |
| IUSV | iShares Core S&P US Value ETF | 38.5% | -11 bp | -1.5% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 38.0% | +10 bp | -1.8% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 37.6% | +34 bp | -2.0% |
| SPMV | Invesco S&P 500 Minimum Variance ETF | 36.7% | -5 bp | -2.2% |
| RWL | Invesco S&P 500 Revenue ETF | 36.7% | +24 bp | -1.3% |
| ILCV | iShares Morningstar Value ETF | 36.6% | -11 bp | -1.8% |
| RAFE | PIMCO RAFI ESG U.S. ETF | 36.3% | +14 bp | -0.9% |
Risk and Returns: PY 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.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 3/17/2026
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
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
8.0%
ALTAR SCORE™
86th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,190 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. PY's ALTAR Score™ is approximately 1.1 standard
deviations above the category average. This places PY in the 86th percentile
among funds in the category.
Sell-Side Consensus
$61.47
PRICE TARGET
+19.3%
UPSIDE