Industry description
The investment seeks to provide a high level of current income.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in below-investment grade (commonly known as "junk" or “high yield”) fixed income securities, such as bonds and bank loans. It invests in U.S. treasury securities, investment grade bank loans (also known as senior floating rate interests), and preferred securities.
Volume
The average weekly volume growth across all stocks in the Principal Active High Yield ETF ETF was -15%. For the same stocks of the ETF, the average monthly volume growth was -36% and the average quarterly volume growth was -20%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 57
P/E Growth Rating: 47
Price Growth Rating: 43
SMR Rating: 51
Profit Risk Rating: 45
Seasonality Score: -7 (-100 ... +100)