YLD
Principal Active High Yield ETF

Price: $18.65
Change: $0.01 (-0.0%)
Category: High Yield Bonds
Last Updated:

Vitals

Issuer Principal
Brand Principal
Structure ETF
Expense Ratio 0.39%
ETF Home Page Home page
Inception Jul 09, 2015
Index Tracked ACTIVE - No Index

Analyst Report

The Principal Active Income ETF (YLD) is an actively-managed fund that seeks to provide income from a mix of stocks, master-limited partnerships and fixed-income securities. YLD is a truly active fun, with no constraints on security type, sectors, countries or regions. Its stated goal is provide “current income with diversified risk” by investing in companies with a “defensive quality bias.” YLD’s management fee is reasonable for an active fund.


Investors could compare performance against other active multi-asset funds like the SPDR SSgA Global Allocation ETF (GAL) or the Aptus Defined Risk ETF (DRSK). Stock-pickers have consistently trailed index funds, especially in U.S. equities. Investors might want to compare YLD to indexed asset-allocation strategies like the iShares Core Growth Allocation ETF (AOR). The two funds have very different mixes of stocks and debt, which is to be expected, but it’s worth noting for comparison.

ETF Database Themes

Category High Yield Bonds
Asset Class Multi-Asset
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Asset Allocation: Global Target Outcome
Category Asset Allocation
Focus Target Outcome
Niche Income
Strategy Active
Weighting Scheme Proprietary

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $17.47
  • 52 Week Hi $20.25
  • AUM $331.1 M
  • Shares 17.9 M

Historical Trading Data

  • 1 Month Avg. Volume 265,754
  • 3 Month Avg. Volume 142,320

Alternative ETFs in the ETF Database High Yield Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPHY 0.10% $775.4 M 352,731 -7.53%
Largest (AUM) HYG 0.48% $14.4 B 45 M -7.34%
Most Liquid (Volume) HYG 0.48% $14.4 B 45 M -7.34%
Top YTD Performer IBHB 0.35% $95.9 M 29,258 0.46%

Alternative ETFs in the FactSet Asset Allocation: Global Target Outcome Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest GAL 0.35% $249.6 M 24,808 -11.27%
Largest (AUM) PCEF 1.97% $756.6 M 157,031 -11.83%
Most Liquid (Volume) TDSC 0.69% $626.1 M 193,134 -15.75%
Top YTD Performer FAIL 0.63% $5.5 M 6,322 2.30%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

YLD ETF Database Category Average FactSet Segment Average
Number of Holdings 114 398 27
% of Assets in Top 10 18.36% 24.31% 80.87%
% of Assets in Top 15 26.11% 28.46% 85.19%
% of Assets in Top 50 68.83% 48.00% 94.96%

Size Comparison

YLD ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A 3.28%
Mid (>2.7B) N/A N/A 2.43%
Small (>600M) N/A N/A 4.04%
Micro (<600M) N/A N/A 1.36%

YLD Valuation

This section compares the P/E ratio of this ETF to its peers.

YLD
P/E Ratio
21.45
ETF Database Category Average
P/E Ratio
4.85
FactSet Segment Average
P/E Ratio
6.05

YLD Dividend

This section compares the dividend yield of this ETF to its peers.

YLD ETF Database Category Average FactSet Segment Average
Dividend $ 0.09 $ 0.12 $ 0.09
Dividend Date 2021-11-01 N/A N/A
Annual Dividend Rate $ 1.44 $ 1.34 $ 0.34
Annual Dividend Yield 6.90% 3.49% 1.40%

YLD Price and Volume Charts

View charts featuring YLD price and volume data.

YLD Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 32.38 M 1 Month Net Flows: 100.82 M 3 Month Net Flows: 114.01 M 6 Month Net Flows: 108.08 M 1 Year Net Flows: 123.77 M 3 Year Net Flows: 133.06 M 5 Year Net Flows: 72.09 M 10 Year Net Flows: 323.87 M

YLD Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 36.89 M
1 Month Net AUM Change: 111.79 M
3 Month Net AUM Change: 107.9 M
6 Month Net AUM Change: 89.43 M
1 Year Net AUM Change: 97.84 M
3 Year Net AUM Change: 113.15 M
5 Year Net AUM Change: 40.64 M
10 Year Net AUM Change: 331.14 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for YLD on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the High Yield Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- JNK
Expenses B SHYG
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

YLD Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

YLD
Expense Ratio
0.39%
ETF Database Category Average
Expense Ratio
0.46%
FactSet Segment Average
Expense Ratio
0.98%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

YLD does not have an ESG score. There are no ESG themes that map to this ETF.

YLD Performance

This section shows how this ETF has performed relative to its peers.

YLD ETF Database
Category Average
Factset Segment
Average
1 Month Return 5.70% 4.68% 3.07%
3 Month Return -0.69% -0.20% -2.50%
YTD Return -7.42% -6.03% -7.90%
1 Year Return -5.94% -5.03% -4.07%
3 Year Return 7.82% 2.44% 2.83%
5 Year Return 13.58% 4.63% 3.60%

Geographic Exposure

The following charts reflect the geographic spread of YLD's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of YLD's underlying holdings.

Asset Percentage
Corporate 90.95%
Bank Loan 3.56%
Open-ended Fund 3.11%
Other 1.36%
Preferred 1.03%
CASH -0.01%
Sector Percentage
Finance 31.35%
Consumer Services 13.52%
Energy Minerals 7.13%
Industrial Services 6.92%
Health Services 5.64%
Commercial Services 3.76%
Utilities 3.74%
Consumer Non-Durables 3.72%
Miscellaneous 3.63%
Non-Energy Minerals 3.59%
Transportation 3.1%
Electronic Technology 2.61%
Technology Services 2.58%
Retail Trade 1.99%
Communications 1.57%
Process Industries 1.39%
Other 1.36%
Consumer Durables 1.09%
Producer Manufacturing 1.06%
Distribution Services 0.26%
CASH -0.01%
Market Cap Percentage
Small 0.0%
Large 0.0%
Micro 0.0%
Mid 0.0%
Region Percentage
Other 95.86%
North, Central and South America 4.14%
Region Percentage
Country Percentage
United States 79.27%
Canada 5.16%
Other 4.92%
Ireland 3.21%
Luxembourg 2.11%
United Kingdom 1.9%
Cayman Islands 1.44%
Denmark 1.16%
Netherlands 0.83%
Credit Percentage
AAA 0.0%
AA 0.0%
A 0.0%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Asset Percentage
Corporate 90.95%
Bank Loan 3.56%
Open-ended Fund 3.11%
Other 1.36%
Preferred 1.03%
CASH -0.01%

YLD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 37.26%
20 Day Volatility 6.81%
50 Day Volatility 12.72%
200 Day Volatility 10.05%
Beta 0.55
Standard Deviation 0.74%
5 Day Volatility
37.26%
Rank
46 of 84

20 Day Volatility
6.81%
Rank
64 of 84

50 Day Volatility
12.72%
Rank
49 of 81

200 Day Volatility
10.05%
Rank
52 of 81

Beta
0.55
Rank
3 of 69

Standard Deviation
0.74%
Rank
52 of 68

Technicals

  • 20 Day MA $18.14
  • 60 Day MA $18.19
  • MACD 15 Period 0.36
  • MACD 100 Period 0.08
  • Williams % Range 10 Day 13.08
  • Williams % Range 20 Day 6.69
  • RSI 10 Day 78
  • RSI 20 Day 64
  • RSI 30 Day 58
  • Ultimate Oscillator 69

Bollinger Bands

  • Lower Bollinger (10 Day) $18.10
  • Upper Bollinger (10 Day) $18.75
  • Lower Bollinger (20 Day) $17.46
  • Upper Bollinger (20 Day) $18.80
  • Lower Bollinger (30 Day) $17.29
  • Upper Bollinger (30 Day) $18.68

Support & Resistance

  • Support Level 1 $18.57
  • Support Level 2 $18.50
  • Resistance Level 1 $18.72
  • Resistance Level 2 $18.79

Stochastic

  • Stochastic Oscillator %D (1 Day) 64.13
  • Stochastic Oscillator %D (5 Day) 78.82
  • Stochastic Oscillator %K (1 Day) 66.22
  • Stochastic Oscillator %K (5 Day) 81.15

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.24
  • Maximum Premium Discount (%) 1.27
  • Average Spread (%) 14.33
  • Average Spread ($) 14.33

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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