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PREF ETF · Principal Spectrum Preferred Securities Active ETF
The PREF Exchange Traded Fund (ETF) is provided by Principal Global Investors. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
Last price
$19.00
1M perf.
-0.50%
1M flows
+€7.3M
AuM
€1.24B
E/R
0.55%
Rating
Not rated
ESG Consensus®
PREF
$19.00
Performance & flows
January 7, 2026 → April 7, 2026
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PREF
$18.86
-0.01%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.50% | -0.01% | +8.64% | +29.77% | +16.47% | +0.39% | +0.39% | +0.14% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
4/7/2026
$18.83
1D NAV change
N/A
Dividend policy
No. of holdings
131
Inception date
7/10/2017
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The investment seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. Examples of preferred securities include preferred stock, certain depositary receipts, and various types of junior subordinated debt (such debt generally includes the contractual ability to defer payment of interest without accelerating an immediate default event). It concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries within the financial services sector.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.01% | +8.64% | +29.77% | +16.47% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
64.18%
Canada
16.37%
Japan
4.12%
France
1.09%
Switzerland
1.02%
United Kingdom
1.01%
Unavailable
11.66%
Other
0.56%
Sectors
Banks
23.22%
Power
12.11%
Insurance and reinsurance
11.95%
Financial markets
6.81%
Pipelines
4.72%
Unavailable
39.99%
Other
1.20%
Diversification
Total weight of top 15 holdings out of 131
Top 15 holdings
Data as of February 28, 2026
US59156RCR75
US06055HAK95
Toronto-Dominion Bank, 8.125% 31oct2082, USD (3)
Bank of Nova Scotia, 8.625% 27oct2082, USD (4)
US48128AAJ25
PNC Financial Services Group, 6.25% perp., USD (W)
US06055HAH66
Enbridge, 8.5% 15jan2084, USD (2023-B)
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US446150BG87
Bank of Montreal, 7.3% 26nov2084, USD (5)
Wells Fargo, 6.85% perp., USD (FF)
Huntington Bancshares, 5.625% perp., USD (F)
US29273VBH24
Prudential Financial, 3.7% 1oct2050, USD
M&T Bank, 3.5% perp., USD (I)
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
Principal Global Investors
Principal Global Investors ID Card
Number of funds
11
Total AuM
€6.51B
Expense ratio range
0.12% - 0.6%
Average expense ratio
0.3636%
Top 5 funds by Principal Global Investors
| AuM | ||
|---|---|---|
USMC | Principal U.S. Mega-Cap ETF | €2.5B |
PSC | Principal U.S. Small-Cap ETF | €1.56B |
PREF | Principal Spectrum Preferred Securities Active ETF | €1.24B |
YLD | Principal Active High Yield ETF | €427M |
LCAP | Principal Capital Appreciation Select ETF | €202M |
Frequently asked questions about PREF
What does Principal Spectrum Preferred Securities Active ETF, PREF, invest in?
PREF is a Active ETF. This ETF provides exposure to Other Financial Services Equities.
What is the Total Expense ratio (TER) of PREF?
PREF carries a total expense ratio (TER) of 0.55%, indicating the annual cost for holding the fund.
When was PREF launched?
PREF was introduced to the market on July 10, 2017. It trades on United States
Who is the ETF issuer of PREF?
Principal Spectrum Preferred Securities Active ETF, PREF, is provided by Principal Global Investors. Learn more about Principal Global Investors here.
What is the current assets under management (AUM) of PREF?
PREF oversees €1.24B in assets as of April 7, 2026.
How has PREF performed lately?
Based on data from April 7, 2026, PREF returned -0.50% over the past month, -0.01% over the last three months and 0.14% year-to-date.
What are the latest inflows or outflows for PREF?
As of April 7, 2026, PREF recorded net flows of +€7.4M over the last month and +€41M year-to-date.
Does PREF distribute dividends?
PREF follows a distributing dividend policy, meaning it pays out income to investors. As of April 7, 2026, its 12-month trailing yield was 5.08%.
What are the main country or region exposures of PREF?
As of February 28, 2026, PREF has significant geographic allocations in USA, Canada and Japan.
In which sector or theme does PREF invest in?
As of February 28, 2026, PREF focuses largely on Banks, Power and Insurance and reinsurance.
How many securities does PREF hold and how diversified is it?
As of February 28, 2026, PREF holds 131 positions in its portfolio, with 29.03% of assets concentrated in its top 15 holdings.
What are the main positions in PREF?
As of February 28, 2026, PREF top three holdings include US59156RCR75, US06055HAK95 and Toronto-Dominion Bank, 8.125% 31oct2082, USD (3).
What is the base currency of PREF?
The base currency of PREF is USD.
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