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
$ 219.2 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 | 8.2 % |
| AMAZON.COM INC | 3.5 % |
| WAL-MART STORES INC | 2.9 % |
| EXXON MOBIL CORP | 2.6 % |
| UNITEDHEALTH GROUP INC | 2.2 % |
| BANK OF AMERICA CORP | 2.0 % |
| PROCTER & GAMBLE CO/THE | 1.9 % |
| MERCK & CO. INC. | 1.7 % |
| QUALCOMM INC | 1.6 % |
| JOHNSON & JOHNSON | 1.5 % |
Constituent Breakdown
| Number of holdings | 99 |
| Herfindahl-Hirschman Index | 184 |
| 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. | 101.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 97.9 % |
 |
IRELAND | 1.8 % |
 |
SWITZERLAND | 1.2 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.7% | 13.7% | 9.4% | 12.1% | 4.9% | 8.1% | -- | 8.0% |
| Dividend Yield | 0.4% | 2.6% | 2.4% | 2.7% | 2.8% | 2.8% | -- | 2.8% |
| Total Returns | 5.2% | 16.3% | 11.7% | 14.8% | 7.7% | 10.9% | -- | 10.8% | Ann. Volatility | 10.8% | 10.6% | 15.0% | 14.0% | 15.8% | 22.9% | -- | 22.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 53% |
| MSCI EAFE | 0.44 | 40% |
| MSCI Emg Mkts | 0.25 | 23% |
Liquidity Measures
| Avg. volume (000) | 14 |
| ADV traded (mns) | $1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| 30d moving avg. (EMA) | $53.57 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.46/0.40 |
| Bollinger Bands (Upper/Lower) | $54.74/$52.84 |
| Short interest (% of AUM) | 0.9% |
Distributions
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 |
|---|---|---|---|---|
| SPYV | State Street SPDR Portfolio S&P 500 Value ETF | 42.9% | -11 bp | -1.6% |
| IVE | iShares S&P 500 Value ETF | 42.9% | +3 bp | -1.8% |
| VOOV | Vanguard S&P 500 Value ETF | 42.4% | -8 bp | -1.7% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 41.0% | +34 bp | -2.2% |
| IUSV | iShares Core S&P US Value ETF | 40.9% | -11 bp | -1.5% |
| RWL | Invesco S&P 500 Revenue ETF | 37.1% | +24 bp | -1.5% |
| VSMV | VictoryShares US Multi-Factor Minimum Volatility ETF | 36.6% | +20 bp | -1.3% |
| QARP | Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 36.4% | +4 bp | -2.0% |
| ILCV | iShares Morningstar Value ETF | 36.4% | -11 bp | -1.9% |
| FDLO | Fidelity Low Volatility Factor ETF | 35.7% | 0 bp | -2.3% |
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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
7.7%
ALTAR SCORE™
88th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. PY's ALTAR Score™ is approximately 1.2 standard
deviations above the category average. This places PY in the 88th percentile
among funds in the category.
Sell-Side Consensus
$60.23
PRICE TARGET
+10.7%
UPSIDE