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PCOV

The fund does not yet have enough measurable history for a letter. Young funds age in naturally as their record builds; nothing is wrong.Chicago Board Options Exchange

Principal Exchange-Traded Funds - Principal Equity Premium Income ETF

Option Income · Principal Funds · Inception 2026-08-18 · SEC filings

$24.22−0.16 (−0.67%)

As of Sep 23, 2026, 10:57 AM EDT

History starts Aug 19, 2026.History starts Aug 19, 2026.History starts Aug 19, 2026.
Intraday session: down, 4 prints from 24.38 to 24.22. Range 24.05 to 24.38. Use the arrow keys to read each point.$24.10$24.30$24.4010 AM12 PM2 PM4 PM
Expense ratio
0.34%
Fund size
$10M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$24.19
52W range
low $24.01high $25.23

PCOV Holdings

As of Sep 22, 2026, 9:43 PM
Asset class
Stocks
Holdings
—
Top-10 weight
35%
Largest holding
AAPL5.4%

Geography

  • United States87.29%
  • Ireland5.33%
  • Taiwan (Province of China)3.25%
  • Switzerland1.71%
  • Germany1.36%
  • United Kingdom1.06%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAPLAPPLE INC COMMON STOCK USD.000015.35%1,523$516K707
002JPMJPMORGAN CHASE + CO COMMON STOCK USD1.04.21%1,154$406K478
003MSFTMICROSOFT CORP COMMON STOCK USD.000006254.16%800$401K792
004TSMTAIWAN SEMICONDUCTOR SP ADR ADR3.32%720$321K268
005MSMORGAN STANLEY COMMON STOCK USD.013.20%1,500$309K423
006DHIDR HORTON INC COMMON STOCK USD.013.02%2,091$291K306
007COSTCOSTCO WHOLESALE CORP COMMON STOCK USD.0053.00%322$289K465
008CCITIGROUP INC COMMON STOCK USD.012.80%2,000$270K407
009GVMXXSTATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM2.80%269,974$270K53
010WMTWALMART INC COMMON STOCK USD.12.79%2,509$270K462
011MRKMERCK + CO. INC. COMMON STOCK USD.52.56%1,650$247K506
012AXPAMERICAN EXPRESS CO COMMON STOCK USD.22.53%777$244K374
013GOOGLALPHABET INC CL A COMMON STOCK USD.0012.50%680$241K704
014GSGOLDMAN SACHS GROUP INC COMMON STOCK USD.012.43%244$234K399
015BKNGBOOKING HOLDINGS INC COMMON STOCK USD.0082.43%1,389$234K432

Showing 1–15 of 49 holdings

PCOV Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PCOV$9,715
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,125
Aug 21, 2026 to Sep 22, 2026. PCOV $9,715. SPY $10,125. Use the arrow keys to read each point.$9,521$9,846$10,172Aug 21Sep 4Sep 22

Aug 21, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PCOV. Periods over one year show the average yearly return.
PeriodPCOV
Year to dateFund launched this year—
1 month−2.9%
3 monthsFund is under 3 months old—
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PCOV
YearReturn barPCOV
2026 YTD−2.9%

History from Aug 19, 2026

PCOV in the news

ETF.net Research hasn’t filed on PCOV yet — coverage lands here as it’s written.

PCOV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Aug 2026. No distributions yet.

PCOV Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Aug 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Aug 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Aug 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.00
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PCOV Cost

Expense ratio0.34%
  • The middle half of Active Option Income funds
  • Median 0.95%

1 of the 47 Active Option Income funds charge less.

PCOV costs $34.00 a year on $10,000. The median Active Option Income fund costs $95.00.