PY Principal Shareholder Yield Index ETF
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PY Principal Shareholder Yield Index ETF
Seeks to track, before fees and expenses, the Nasdaq U.S. Shareholder Yield Index. The Index uses a multi-factor model to select stocks of mid- to large-capitalization U.S. companies within the Nasdaq U.S. Large Mid Cap Index. To be included in the index, the stock must be paying a dividend. All eligible stocks are scored using the average of nine factors: 1) Dividend Yield 2) Buyback Yield 3) Dividend Payout Per Share 4) Free Cash Flow to Price 5) Free Cash Flow Growth 3-Year Sharpe Ratio 6) EBITDA to Debt 7) Dividend Yield Historical Valuation (3-Year & 5-Year) 8) Dividend Growth (1-Year, 3-Year & 5-Year) 9) Free Cash Flow Growth (1-Year, 3-Year & 5-Year). The top 20% best scoring stocks are selected. Stocks are weighted such that securities in the top two deciles receive 65% and 35% of the index weight respectively. The Index is evaluated annually in March.
$38.73 0.00 (0.00%)
As of 03/22/2023 00:00:00 EST IEX book CBOE book
ETF Information
Sponsor: Principal Funds
Category1: US Equity
Category2: Broad market
Category3: Large and mid cap
Morningstar category: Mid-Cap Value
Leverage factor: 1.00
Inception date: 03/21/2016
Index tracking method: Passive replication
Current yield: 2.93%
Historical average yield: 2.57%
Market cap: $30,819,799
Average volume: 30,371
Fees: 0.2900%
Index Information
Nasdaq US Shareholder Yield Index
Index symbol: NQSHYL
Provider: NASDAQ OMX
Total return index symbol: NQSHYLT
Index weighting: Composite scores
Index inception date: 01/19/2016
Backtesting data exists: Yes
Number of holdings: 133
Strategy: Multi-factor investing
Rebalanced: Annually
Reconstituted: Annually
Factors used to select securities: