PREF – Principal Spectrum Preferred Securities Active ETF

Principal Spectrum Preferred Securities Active ETF (PREF) is a Preferred Stock ETF, issued by Principal Funds, $1.9B in assets, 0.57% expense ratio.

Returns as of Oct 23, 2026: 1 week -0.3%, 1 year +1.0%.

Actively invests in preferred securities, including preferred stock, depositary receipts, and junior subordinated debt, concentrating in the financial services sector.

Top holdings

• US693475BP99 – PNC 6.25, 1.8%
• US55261FAN42 – MTB 3.5, 1.5%
• US808513BJ38 – SCHW 4, 1.1%
• US95002YAA10 – WELLS FARGO 23/UND. FLR, 1.0%
• US446150AT18 – HBAN 5.625, 1.0%
• US929089AG55 – US929089AG55, 0.8%
• US89832QAD16 – TFC 4.8, 0.6%
• US172967PC98 – C 7.375, 0.5%
• US902973BC96 – USB 3.7, 0.5%
• US89832QAF63 – Truist Financial Corp. 5,1%, 0.4%
• US693475BC86 – PNC 3.4, 0.2%
• US446150AV63 – HBAN 4.45, 0.2%
• US19075QAE26 – COBKAC 6.45, 0.1%
• US808513CB92 – SCHW 5, 0.1%
• US19075QAD43 – COBKAC 4.25, 0.1%
• US808513AR62 – SCHW 5, 0.1%

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