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
126.3 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | The Principal Financial Group |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 21, 2016 |
| Assets (mns) | $126 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| 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 | 164 |
| Wgt avg mkt cap (mns) | $673,964 |
| Large cap (>$10bn) | 103.4% |
| Mid cap ($2-10bn) | 3.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 107.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.6 % |
 |
IRELAND | 3.1 % |
 |
SWITZERLAND | 1.2 % |
 |
BERMUDA | 0.9 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.4% | 5.4% | 9.7% | 8.5% | 9.0% | -- | -- | 7.8% |
| Dividend Yield | 2.3% | 2.3% | 2.5% | 2.7% | 2.8% | -- | -- | 2.8% |
| Total Returns | 7.7% | 7.7% | 12.2% | 11.1% | 11.8% | -- | -- | 10.7% | Ann. Volatility | 17.6% | 17.6% | 14.9% | 14.4% | 16.3% | -- | -- | 23.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 84% |
| MSCI EAFE | 0.84 | 62% |
| MSCI Emg Mkts | 0.68 | 47% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $52.35 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.27/0.27 |
| Bollinger Bands (Upper/Lower) | $53.16/$52.10 |
| 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 |
|---|---|---|---|---|
| IVE | iShares S&P 500 Value ETF | 40.6% | +3 bp | +6.0% |
| SPYV | State Street SPDR Portfolio S&P 500 Value ETF | 40.5% | -11 bp | +6.1% |
| IUSV | iShares Core S&P US Value ETF | 38.7% | -11 bp | +6.3% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 38.0% | +10 bp | +5.9% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 37.6% | +34 bp | +6.0% |
| ILCV | iShares Morningstar Value ETF | 37.1% | -11 bp | +5.9% |
| VOOV | Vanguard S&P 500 Value ETF | 37.0% | -8 bp | +5.9% |
| SPMV | Invesco S&P 500 Minimum Variance ETF | 36.7% | -5 bp | +5.6% |
| RWL | Invesco S&P 500 Revenue ETF | 36.7% | +24 bp | +6.5% |
| RAFE | PIMCO RAFI ESG U.S. ETF | 36.3% | +14 bp | +6.8% |
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
| 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
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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 1/12/2026
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
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™
PY
7.6%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 1045 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.2%. PY's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places PY in the 84th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PYSELL
U/W
HOLD
O/W
BUY