Principal Active High Yield ETF
YLD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 711 High Street Des Moines IA United States of America 50392
- IPO Date
- Jul 13, 2015
- CIK
- 0001572661
- Website
- principalam.com
- Similar Companies
- Business
- Principal Active High Yield ETF (YLD) is an actively managed exchange-traded fund that seeks a high level of current income by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in below-investment-grade fixed-income securities, including high yield bonds and bank loans; the fund also invests in U.S. Treasury securities, investment grade bank loans (senior floating rate interests), and preferred securities. Issued by Principal Exchange-Traded Funds and managed by Principal Asset ManagementSM (a trade name of Principal Global Investors, LLC), a member of the Principal Financial Group, the ETF employs a benchmark-agnostic approach utilizing quantitative tools, proprietary research, and exit strategies to identify attractive high yield opportunities while managing risk through a concentrated portfolio of high-conviction total return ideas. As of December 2025, the fund holds approximately 125 securities with total net assets of around $452 million, a net expense ratio of 0.39%, monthly dividend distributions, an average effective duration of 2.6 years, and a 30-day SEC yield of approximately 6.89%; top holdings include Energy Transfer LP subordinated notes, Matador Resources Co. notes, and Freedom Mortgage Holdings notes, with sector allocations emphasizing energy, finance companies, and basic industry. Launched on July 8, 2015, and headquartered at 711 High Street, Des Moines, Iowa, the ETF trades on NYSE Arca under the ticker YLD (CUSIP 74255Y102) and targets investors seeking income from the U.S. high yield bond market. Prior to September 1, 2021, the fund operated as the Principal Active Income ETF with a different investment objective and strategy, reflecting a major strategic shift to its current high yield focus; the portfolio is managed by an experienced team including Mark Denkinger, CFA (35 years), Darrin Smith, CFA (34 years), and Joshua Rank, CFA (25 years), averaging over 20 years in high yield management.