Principal Value ETF (PY US)
PY US$58.53
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 58.53
- Change
- ▼ -0.08 (-0.14)
- Bid / Ask
- 50.51 - 67.20
- Volume
- 493
- Turnover
- 26,276
- Open
- 58.55
- Day Range
- 58.50 - 58.55
- VWAP
- 58.52
- Prev Close
- 58.61
- Last Trade
- 28/10 4:00pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$244.3M
OCT 2026
Distributions
Quarterly
Since inception
10.6 yrs
MAR 2016
- Legal name
- Principal Value ETF
- Issuer
- Principal Funds
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Large Value
- Category index
- Russell 1000 Value TR USD
- Benchmark
- S&P 500 Value TR USD
- ETF net assets
- $244.3M
- Units on issue
- 4.2M
- Management fee
- 0.15% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 21 MAR 2016
- Listed
- 22 MAR 2016
- Index provider
- Standard and Poors
Objective and strategy
The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of value companies. For this fund, value companies are those with market capitalizations within the range of companies comprising the S&P 500 Index (as of September 30, 2025, this range was between $6.5 billion and $4.6 trillion) and included within the S&P 500 Value Index.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 97.82%Non-US equity 2.03%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 99.85 | 99.85 | — |
| Bond | 0.00 | 0.00 | — |
| Cash | 0.15 | 0.15 | — |
| Other | 0.00 | 0.00 | — |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 27.19%Sensitive 47.60%Defensive 25.22%
- Basic Materials
- 0.99%
- Consumer Cyclical
- 8.08%
- Financial Services
- 17.28%
- Real Estate
- 0.84%
- Communication Services
- 4.60%
- Energy
- 6.52%
- Industrials
- 10.26%
- Technology
- 26.21%
- Consumer Defensive
- 9.42%
- Healthcare
- 14.49%
- Utilities
- 1.30%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 99.19%Emerging markets 0.81%
- North America
- 97.97%
- Latin America
- 0.00%
- United Kingdom
- 0.00%
- Europe Developed
- 1.22%
- Europe Emerging
- 0.00%
- Africa / Middle East
- 0.00%
- Japan
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.81%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 97.97%
- Switzerland
- 1.22%
- China
- 0.81%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Value
- Average moat
- Moderate
Size score
226
Small
Mid
Large
Value-growth score
35
Value
Blend
Growth
Economic moat
Wide 52%Narrow 35%None 12%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 15.16%
- Large
- 45.88%
- Mid
- 28.80%
- Small
- 10.16%
- Micro
- 0.00%
Giant 15%Large 46%Mid 29%Small 10%
- Average market cap
- $163.45B
- Number of holdings
- 101
- Shares held
- 100
Portfolio statistics · 23 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 18.03
- Price / book
- 3.39
- Price / sales
- 1.82
- Price / cash flow
- 11.46
- Dividend yield
- 2.01%
- Assets in top 10
- 26.35%
- Return on equity
- 33.10%
- Net margin
- 16.61%
- Earnings growth (3 yr)
- 8.92%
Top holdings · top 10 = 26.54% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Apple Inc AAPL | 9.13 | JUN 2022 | 21.9M | USD | 66,585 | Technology | United States | |
| Amazon.com Inc AMZN | 3.33 | DEC 2025 | 8.0M | USD | 32,409 | Consumer Cyclical | United States | |
| Procter & Gamble Co PG | 1.99 | APR 2025 | 4.8M | USD | 32,184 | Consumer Defensive | United States | |
| Bank of America Corp BAC | 1.93 | APR 2025 | 4.6M | USD | 84,277 | Financial Services | United States | |
| UnitedHealth Group Inc UNH | 1.92 | APR 2025 | 4.6M | USD | 12,289 | Healthcare | United States | |
| Merck & Co Inc MRK | 1.77 | APR 2025 | 4.2M | USD | 28,427 | Healthcare | United States | |
| Visa Inc Class A V | 1.71 | DEC 2025 | 4.1M | USD | 11,218 | Financial Services | United States | |
| Johnson & Johnson JNJ | 1.68 | APR 2025 | 4.0M | USD | 15,090 | Healthcare | United States | |
| Intel Corp INTC | 1.57 | MAY 2026 | 3.8M | USD | 32,541 | Technology | United States | |
| ExxonMobil Holdings Corp XOM | 1.54 | AUG 2023 | 3.7M | USD | 22,919 | Energy | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-3.4
3M
4.1
6M
9.4
YTD
8.1
1Y
8.6
3Y
15.0
5Y
8.8
10Y
10.9
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -3.43 | -3.57 | -3.42 | 40 / 1,150 |
| 3 months | 4.12 | 4.06 | 4.15 | 9 / 1,138 |
| 6 months | 9.40 | 9.40 | 9.49 | 57 / 1,135 |
| Year to date | 8.09 | 7.92 | 8.21 | 78 / 1,126 |
| 1 year | 8.65 | 8.54 | 8.81 | 85 / 1,117 |
| 3 years p.a. | 14.98 | 14.95 | 15.15 | 79 / 1,055 |
| 5 years p.a. | 8.78 | 8.57 | 8.94 | 85 / 994 |
| 10 years p.a. | 10.87 | 10.83 | 11.10 | 61 / 842 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2017
19.1
2018
-12.5
2019
26.3
2020
2.6
2021
34.8
2022
-4.9
2023
9.1
2024
16.7
2025
7.6
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 7.65 | 5.37 | 93 / 1,107 |
| 2024 | 16.71 | 14.15 | 27 / 1,170 |
| 2023 | 9.10 | 6.23 | 68 / 1,217 |
| 2022 | -4.90 | -7.72 | 24 / 1,229 |
| 2021 | 34.76 | 31.01 | 13 / 1,207 |
| 2020 | 2.60 | -0.37 | 54 / 1,200 |
| 2019 | 26.33 | 23.49 | 48 / 1,209 |
| 2018 | -12.49 | -14.50 | 46 / 1,244 |
| 2017 | 19.06 | 17.13 | 9 / 1,260 |
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -0.51 | -2.96 | -2.88 | -4.09 |
| Beta | 0.47 | 0.78 | 0.83 | 1.05 |
| R-squared | 38.49 | 60.22 | 71.36 | 77.20 |
| Standard deviation | 9.95 | 12.46 | 15.39 | 18.28 |
| Sharpe ratio | 0.50 | 0.83 | 0.37 | 0.52 |
| Sortino ratio | 0.79 | 1.37 | 0.56 | 0.76 |
| Tracking error | 10.50 | 8.31 | 8.62 | 8.78 |
| Information ratio | -0.68 | -0.95 | -0.58 | -0.51 |
| Upside capture % | 46.96 | 78.47 | 80.45 | 92.80 |
| Downside capture % | 28.54 | 106.44 | 93.46 | 112.60 |
| Maximum drawdown % | -4.16 | -10.83 | -15.88 | -33.31 |
Measured against S&P 500 (TR) (1970) with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
66.2
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Tracking volatility
- 7.671
- Est. holding cost %
- 4.173
- Market impact cost %
- 0.013
- Best quarter
- 22.45% · JAN 2021
- Worst quarter
- -33.31% · MAR 2020
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.15% p.a.
- PDS dated
- 1 NOV 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.2184
- Ex Date
- 1 OCT 2026
- Record Date
- 1 OCT 2026
- Pay Date
- 5 OCT 2026
- NAV at ex date
- 55.80
- Paid this year
- 0.6972
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
1.1
2023
1.1
2022
1.2
2021
1.2
2020
1.3
2019
1.0
2018
0.8
2017
0.6
2016
0.5
2015
0.5
| Year | Per unit ($) |
|---|---|
| 2024 | 1.1156 |
| 2023 | 1.0988 |
| 2022 | 1.1616 |
| 2021 | 1.2371 |
| 2020 | 1.2577 |
| 2019 | 1.0033 |
| 2018 | 0.7835 |
| 2017 | 0.6485 |
| 2016 | 0.5326 |
| 2015 | 0.4852 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 1 OCT 2026 | 0.2184 |
| 1 JUL 2026 | 0.2630 |
| 1 APR 2026 | 0.2158 |
| 29 DEC 2025 | 0.2825 |
| 1 OCT 2025 | 0.3111 |
| 1 JUL 2025 | 0.3440 |
| 1 APR 2025 | 0.1781 |
| 27 DEC 2024 | 0.2633 |
| 1 OCT 2024 | 0.2842 |
| 1 JUL 2024 | 0.2630 |
| 1 APR 2024 | 0.2883 |
| 27 DEC 2023 | 0.2627 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Above Average
ESG risk score
18.96
Negligible
Low
Medium
High
Severe
Category average 20.40
- Rank in category
- 13th percentile of 1,800 funds
- Environmental risk
- 5.36
- Social risk
- 8.77
- Governance risk
- 4.83
- Portfolio covered
- 97.6%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 2.00%
- Low
- 65.10%
- Medium
- 27.96%
- High
- 4.44%
- Severe
- 0.50%
3.55% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
7.47
Low
Medium
High
Severe
Category average 10.33
- Carbon risk
- Low Risk
- Rank in category
- 50th percentile of 2,183 funds
- Fossil fuel involvement
- 5.87%
- Category average
- 12.33%
- Low Carbon Designation
- Yes
- Portfolio covered
- 98.4%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Aaron J. Siebel
- Kyle Johnson
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 4.3 years
- Longest tenure
- 6.6 years
- Longest serving
- Aaron J. Siebel · since 3 MAR 2020
- Most recent appointment
- Kyle Johnson · since 1 NOV 2024
- Managed since
- 3 MAR 2020
- Other funds managed
- 23
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
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