PSET
PrincipalPriceSettersIndexETF
ETF.comSegment:Equity:U.S.-LargeCap
PSETFundDescription
OverallRating
ThePrincipalPriceSettersIndexETFtracksanindexoflarge-capUSfirmswithahighdegreeof
pricingpower.Holdingsareselectedbyseveralfundamentalandtechnicalfactors,andweighted
equallywithinthreetiers.
PSETFactSetAnalyticsInsight
PSETaimstoholdcompanieswithstrongpricingpower—theabilitytoraisepriceswithout
affectingdemand.Theideaisthat
suchfirmstendtofacelittle
competition,andcanpassthrough
costincreasestotheircustomers,
whichshouldleadtomoreconsistent
salesandearningsgrowth.Infact,
whatPSETactuallyselectsforinits
holdingsisstrongandconsistent
sales,earningsandoperatingmargins.Additionalselectionfactorsincludereturnvolatility,
earningsqualityandvolatilityofearningsforecasts.Thisshouldresultinabasketoffirmswith
strongfundamentals.Pricesettingfirmsareselectedonlyindirectly,butit'shardtofaultthe
fundforthis,sincetheconceptofpricingpowerissomewhatnebulousanddifficulttocapturein
anindexedproduct.Notably,marketshareisnotconsidered.
“ looksforstrongand
consistentsales,earningsand
operatingmargins ”
PSET'sholdingsareequally-weightedinsideofthreetierswith50nameseach(basedonthe
selectionranking),makingup50%,35%and15%oftheportfolio.Withnosectorcaps,the
portfoliomaylookquitedifferentfromthebroadmarket.Thefundisreconstitutedand
rebalancedannually,inlateMarch.
N/A
N/A
PSETSummaryData
Issuer
ThePrincipalFinancialGroup
InceptionDate
03/21/16
LegalStructure
Open-EndedFund
ExpenseRatio
0.40%
AssetsUnderManagement
$7.32M
AverageDaily$Volume
$6.33K
PSETPortfolioData
Price/EarningsRatio
24.36
Price/BookRatio
5.98
DistributionYield
1.55%
NextEx-DividendDate
07/03/17
RelatedETFstoPSET
PSETlaunchedinMarch2016andchargesareasonablefeeincontext.
TopCompetingETFs
SPHD,FEX,GSLC,JKD,CSM
PSETIndexData
IndexTracked
NASDAQUSPriceSettersIndex
IndexWeightingMethodology
Tiered
IndexSelectionMethodology
Multi-Factor
SegmentBenchmark
MSCIUSALargeCap
EFFICIENCY
PSETPortfolioManagement
N/A
1Year
TotalReturns
30.0%
20.0%
ExpenseRatio
0.40%
MedianTrackingDifference(12Mo)
--
Max.UpsideDeviation(12Mo)
--
Max.DownsideDeviation(12Mo)
--
PSETTaxExposures
MaxLT/STCapitalGainsRate 20.00%/39.60%
10.0%
CapitalGainsDistributions(3Year)
TaxonDistributions
0.0%
--
Qualifieddividends
DistributesK1
No
PSETFundStructure
LegalStructure
Jul
Sep
Performance
Nov
1Month
Jan2017
3Month
YTD
Mar
1Year
May
3Years
5Years
10Years
PSET
2.75%
3.91%
11.45% 14.82%
--
--
--
PSET(NAV)
3.02%
4.93%
12.97% 16.72%
--
--
--
--
--
--
--
--
--
--
1.39%
2.42%
9.73%
19.43%
9.62%
14.25%
--
NASDAQUSPriceSetters
Index
MSCIUSALargeCap
Open-EndedFund
OTCDerivativeUse
SecuritiesLendingActive
SecuritiesLendingSplit(Fund/Issuer)
ETNCounterparty
ETNCounterpartyRisk
No
No
0%/100%
N/A
N/A
FundClosureRisk
High
PortfolioDisclosure
Daily
Allreturnsover1yearareannualiz ed.Allreturnsaretotalreturnsunlessotherwisestated.
|Princ ipalPric eS ettersIndexETF|17June2017
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TRADABILITY
N/A
PSETFactSetAnalyticsBlockLiquidity
5
AVERAGESPREAD
1.6%
4
1.2%
3
0.8%
2
1
0.4%
0%
Thismeasurementshows
howeasyitistotrade
25,000sharesofP SET.
P SETisrateda4outof5.
PSETTradability
Avg.DailyShareVolume
PREMIUM/DISCOUNT
5.0%
161
AverageDaily$Volume
$6.33K
MedianDailyShareVolume
0.0%
1
MedianDailyVolume($)
$0
AverageSpread(%)
0.29%
AverageSpread($)
-5.0%
$0.08
MedianPremium/Discount(12Mo)
Max.Premium/Discount(12Mo)
VOLUME
20K
15K
10K
5K
JUL
OCT
DEC
MAR
-0.24%
3.21%/-3.75%
ImpedimenttoCreations
None
MarketHoursOverlap
100.00%
CreationUnitSize(Shares)
50,000
CreationUnit/Day(45DayAverage)
`17
0.00
CreationUnitCost(%)
0.03%
UnderlyingVolume/Unit
0.03%
OpenInterestonETFOptions
--
NetAssetValue(Yesterday)
$28.97
ETF.comImpliedLiquidity
4
FIT
PSETBenchmarkComparison
N/A
PSETSector/IndustryBreakdown
PSETTop10Holdings
S ec tor
PS ET Benc hmark
Brown-FormanCorporationClassB
1.93%
Technology
22.42%
23.36%
AlphabetInc.ClassA
1.54%
Healthcare
17.79%
14.13%
C.R.Bard,Inc.
1.25%
Industrials
16.85%
9.87%
IDEXXLaboratories,Inc.
1.13%
ConsumerCyclicals
15.40%
12.79%
AdobeSystemsIncorporated
ConsumerNon-Cyclicals
15.22%
10.24%
Lowe'sCompanies,Inc.
6.62%
16.05%
Facebook,Inc.ClassA
Financials
Large
75.16%
99.80%
1.12%
(>12.9B)
1.11%
Mid(>2.7B)
24.84%
0.20%
0.00%
0.00%
0.00%
0.00%
24.36
23.53
WatersCorporation
1.10%
BasicMaterials
2.13%
1.89%
McDonald'sCorporation
1.09%
RockwellCollins,Inc.
1.08%
12.46%
France
S mall
(>600M)
Mic ro
(<600M)
Price/Earnings
Ratio
Price/BookRatio
PSETGeographicExposure
PS ET
Benc hmark
100.00%
99.93%
--
0.07%
Regions
NorthAmerica
Europe
Developed/
EmergingSplit
|Princ ipalPric eS ettersIndexETF|17June2017
PS ET
Benc hmark
100.00%
99.93%
--
0.07%
100.00%/ 100.00%/
0.00%
Benchmark
1.13%
2.67%
UnitedStates
PSET
57.60B 184.26B
3.56%
Countries
Benchmark
291Constituents
27.30%(Weight)
WeightedAverage
MarketCap
SizeSplit
Utilities
TotalTop10Weighting
PSET
146Holdings
SharedHoldings
84(Count)
0.00%
5.98
3.17
DividendYield
1.39%
1.98%
NumberOf
Holdings
Concentration
146
291
Low
Low
PSETPerformanceStatistics
GoodnessofFit(R2)
0.87
Beta
0.93
UpBeta
0.91
DownBeta
0.91
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DownsideStandardDeviation
SegmentBenchmark
0.22%
MSCIUSALargeCap
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|Princ ipalPric eS ettersIndexETF|17June2017
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