Principal Active High Etf Profile

YLD Etf  USD 19.16  0.04  0.21%   

Performance

10 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Principal Active is trading at 19.16 as of the 28th of March 2024, a -0.21 percent decrease since the beginning of the trading day. The etf's lowest day price was 19.14. Principal Active has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Principal Active High are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its net assets, plus any borrowings for investment purposes, in below-investment grade fixed income securities, such as bonds and bank loans. More on Principal Active High

Moving together with Principal Etf

  0.85HYG IShares IBoxx HighPairCorr
  0.9USHY IShares Broad USDPairCorr
  0.87JNK SPDR Bloomberg High Sell-off TrendPairCorr
  0.9SHYG IShares 0-5 YearPairCorr
  0.86HYLB Xtrackers USD High Sell-off TrendPairCorr
  0.89SJNK SPDR Bloomberg Short Sell-off TrendPairCorr
  0.74ANGL VanEck Fallen Angel Sell-off TrendPairCorr

Moving against Principal Etf

  0.84BITI ProShares Trust -PairCorr

Principal Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Principal Active's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Principal Active or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationAsset Allocation ETFs, Target Outcome ETFs, High Yield Bond, Principal Funds (View all Sectors)
IssuerPrincipal
Inception Date2015-07-08
Entity TypeRegulated Investment Company
Asset Under Management169.56 Million
Average Trading Valume36,099.1
Asset TypeMulti Asset
CategoryAsset Allocation
FocusTarget Outcome
Market ConcentrationBlended Development
RegionGlobal
AdministratorState Street Bank and Trust Company
AdvisorPrincipal Global Investors, LLC
CustodianState Street Bank and Trust Company
DistributorALPS Distributors, Inc.
Portfolio ManagerCharles D. Averill, Todd A. Jablonski, Paul S. Kim, Daniela Spassova, Gregory L. Tornga
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Jun
ExchangeNYSE Arca, Inc.
Number of Constituents128
Market MakerGTS
Total Expense0.39
Management Fee0.39
Country NameUSA
Returns Y T D2.61
NamePrincipal Active High Yield ETF
Currency CodeUSD
Open FigiBBG009KJNFQ9
In Threey Volatility7.76
1y Volatility5.7
200 Day M A18.4826
50 Day M A18.9562
CodeYLD
Updated At27th of March 2024
Currency NameUS Dollar
In Threey Sharp Ratio0.19
Principal Active High [YLD] is traded in USA and was established 2015-07-08. The fund is classified under High Yield Bond category within Principal Funds family. The entity is thematically classified as Asset Allocation ETFs. Principal Active High at this time have 224.88 M in net assets. , while the total return for the last 3 years was 4.0%.
Check Principal Active Probability Of Bankruptcy

Geographic Allocation (%)

Principal Active High Currency Exposure

Principal Active High holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Principal Active will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Principal Active High.

Principal Active Target Price Odds Analysis

What are Principal Active's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Principal Active jumping above the current price in 90 days from now is about 1.17%. The Principal Active High probability density function shows the probability of Principal Active etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Principal Active has a beta of 0.061. This entails as returns on the market go up, Principal Active average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Principal Active High will be expected to be much smaller as well. Additionally, principal Active High has an alpha of 0.0215, implying that it can generate a 0.0215 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 19.16HorizonTargetOdds Above 19.16
98.73%90 days
 19.16 
1.17%
Based on a normal probability distribution, the odds of Principal Active to move above the current price in 90 days from now is about 1.17 (This Principal Active High probability density function shows the probability of Principal Etf to fall within a particular range of prices over 90 days) .

Principal Active Top Holders

SCUPXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PIFIXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
SAUPXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PFIPXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PFIFXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PFILXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PFIJXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
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Principal Active High Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Principal Active market risk premium is the additional return an investor will receive from holding Principal Active long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Principal Active. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Principal Active's alpha and beta are two of the key measurements used to evaluate Principal Active's performance over the market, the standard measures of volatility play an important role as well.

Principal Active Against Markets

Picking the right benchmark for Principal Active etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Principal Active etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Principal Active is critical whether you are bullish or bearish towards Principal Active High at a given time. Please also check how Principal Active's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Principal Active without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Principal Etf?

Before investing in Principal Active, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Principal Active. To buy Principal Active etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Principal Active. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Principal Active etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Principal Active High etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Principal Active High etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Principal Active High, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Principal Etf please use our How to Invest in Principal Active guide.

Already Invested in Principal Active High?

The danger of trading Principal Active High is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Principal Active is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Principal Active. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Principal Active High is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Principal Active High is a strong investment it is important to analyze Principal Active's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Principal Active's future performance. For an informed investment choice regarding Principal Etf, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Principal Active High. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Principal Active's price analysis, check to measure Principal Active's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Principal Active is operating at the current time. Most of Principal Active's value examination focuses on studying past and present price action to predict the probability of Principal Active's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Principal Active's price. Additionally, you may evaluate how the addition of Principal Active to your portfolios can decrease your overall portfolio volatility.
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The market value of Principal Active High is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Active's value that differs from its market value or its book value, called intrinsic value, which is Principal Active's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Active's market value can be influenced by many factors that don't directly affect Principal Active's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Active's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.