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Principal Active High Yield ETF

YLDNYSE ArcaPrincipalB

$18.20−0.07 (−0.39%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: down, 79 prints from 18.27 to 18.20. Range 18.20 to 18.30. Use the arrow keys to read each point.18.2218.2418.2618.3010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$605M
1Y total return
+2.9%
Yield · Last 12 months
7.62%
Holdings
144
Avg volume · 30D
223K sh
52W range
low $18.11high $19.23
Launched
Filings
SEC EDGAR

The ETF.net YLD Grade

B

Score 57 out of 100

Rank
44 of 85
Six-pillar profile for YLD. Scores out of 100: Cost 58, Risk 44, Mission 72, Tradability 52, Holdings 43, Durability 67. Strongest: Mission (72). Weakest: Holdings (43). Leans toward Mission and Durability.

Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B58 out of 100
    Rank 31 of 85
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Rank 60 of 77
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 62 of 85
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 37 of 85
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C43 out of 100
    Rank 61 of 85
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 29 of 85

Our read on YLD

ETF.net Research

In short

BMost high yield ETFs just clone an index. YLD is the hand-built version: Principal's credit team blends junk bonds with senior floating-rate bank loans, at roughly what the average high yield ETF charges.

Stated mandate

The Fund seeks long-term growth of capital through investments that include high-yield bonds and bank loans.

Why people hold it

  • At 0.39% it costs about the category median (0.40%), unusual pricing for a fund where humans pick the credit instead of copying an index.
  • Bank loans are in the toolkit. Managers can mix junk bonds with senior floating-rate loans, Treasuries and preferreds, levers a plain index tracker doesn't pull.principalam.com
  • Live since 2015 and pays monthly, so it has traded through real credit cycles rather than arriving with a backtest.
  • Moderately traded, and it lands in the upper half of its high yield peer group on our review.

Worth knowing

  • Index rivals are far cheaper: SCYB at 0.03%, SPHY and HYLB at 0.05%, USHY at 0.08%. The active call is what you're paying up for.
  • Junk credit is the whole point here. Below-investment-grade bonds and bank loans can move hard when credit spreads widen.principalam.com
  • No index to check the manager against, and a book of roughly 150 positions, so results ride on the credit team's calls.principalam.com

YLD Holdings

Asset class
Bonds
Holdings
144
Top-10 weight
18%
Largest holding
GVMXX3.8%

Geography

  • United States99.52%
  • Norway0.48%
The fund’s holdings, weight-ordered — page 1 of 10.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1GVMXXState Street Institutional Us State St Inst Us Gov Mm Prem3.79%23,043,349$23M58
2No dataEnergy Transfer Lp Jr Subordina 02/56 Var2.05%12,573,000$12.4M32
3No dataMatador Resources Co Company Guar 144A 04/33 6.251.99%12,368,000$12.1M36
4No dataOlympus Wtr Us Hldg Corp Sr Unsecured 144A 10/29 6.251.58%9,825,000$9.59M30
5No dataGlobal Air Lease Co Ltd Sr Secured 144A 09/27 8.751.50%9,073,000$9.09M13
6No dataFreedom Mortgage Hold Sr Unsecured 144A 05/31 9.1251.49%9,079,000$9.07M31
7No dataSmyrna Ready Mix Concret Sr Secured 144A 11/28 61.49%9,140,000$9.06M41
8No dataSunoco Lp Company Guar 144A 03/34 5.8751.49%9,352,000$9.03M40
9No dataCalifornia Buyer/Atlanti Sr Unsecured 144A 02/32 6.3751.49%9,330,000$9.03M38
10No dataAmeritex Holdco Intermed Sr Secured 144A 08/33 7.6251.47%8,959,000$8.92M25
11No dataLifepoint Health Inc 2024 1ST Lien Term Loan B1.45%9,482,837$8.83M6
12No dataIcahn Enterprises/Fin Sr Secured 02/29 4.3751.45%10,589,000$8.83M34
13No dataVoltagrid Llc Secured 144A 11/30 7.3751.43%8,739,000$8.68M53
14No dataSinclair Television Grou Sr Secured 144A 02/33 8.1251.43%8,636,000$8.66M40
15No dataTruenoord Capital Dac Company Guar 144A 03/30 8.751.42%8,476,000$8.64M21

Showing 1–15 of 144 holdings

YLD Performance

Launched Jul 8, 2015

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

YLD$10,291
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. YLD $10,291. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 YLD. Periods over one year show the average yearly return.
PeriodYLD
Year to date+2.1%
1 month+0.3%
3 months−1.2%
1 year+2.9%
3 yearsper year+8.4%
5 yearsper year+4.3%
10 yearsper year+5.0%

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 YLD
YearReturn barYLD
2026 YTD+2.1%
2025+6.6%
2024+9.2%
2023+12.9%
2022−8.8%
2021+9.5%
2020+1.5%

YLD in the news

YLD 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 Oct 30, 2026.
7.62%Last 12 months
Payout per share
$1.40Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.11; Mar 1, 2023 $0.09; Apr 3, 2023 $0.09; May 1, 2023 $0.09; Jun 1, 2023 $0.10; Jul 3, 2023 $0.10; Aug 1, 2023 $0.10; Sep 1, 2023 $0.10; Oct 2, 2023 $0.10; Nov 1, 2023 $0.11; Dec 1, 2023 $0.10; Dec 27, 2023 $0.12; Feb 1, 2024 $0.11; Mar 1, 2024 $0.11; Apr 1, 2024 $0.11; May 1, 2024 $0.11; Jun 3, 2024 $0.11; Jul 1, 2024 $0.11; Aug 1, 2024 $0.11; Sep 3, 2024 $0.11; Oct 1, 2024 $0.12; Nov 1, 2024 $0.12; Dec 2, 2024 $0.12; Dec 27, 2024 $0.13; Feb 3, 2025 $0.12; Mar 3, 2025 $0.12; Apr 1, 2025 $0.11; May 1, 2025 $0.12; Jun 2, 2025 $0.12; Jul 1, 2025 $0.12; Aug 1, 2025 $0.11; Sep 2, 2025 $0.10; Oct 1, 2025 $0.11; Nov 3, 2025 $0.12; Dec 1, 2025 $0.12; Dec 29, 2025 $0.14; Feb 2, 2026 $0.12; Mar 2, 2026 $0.11; Apr 1, 2026 $0.12; May 1, 2026 $0.11; Jun 1, 2026 $0.11; Jul 1, 2026 $0.12; Aug 3, 2026 $0.12; Sep 1, 2026 $0.11; Oct 1, 2026 $0.11. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.12
Oct 1, 2026Oct 5, 2026$0.11
Sep 1, 2026Sep 3, 2026$0.11
Aug 3, 2026Aug 5, 2026$0.12
Jul 1, 2026Jul 6, 2026$0.12
Jun 1, 2026Jun 3, 2026$0.11
May 1, 2026May 5, 2026$0.11
Apr 1, 2026Apr 6, 2026$0.12
Mar 2, 2026Mar 4, 2026$0.11
Feb 2, 2026Feb 4, 2026$0.12
Dec 29, 2025Dec 31, 2025$0.14
Dec 1, 2025Dec 3, 2025$0.12

See all 138 payments⁠

$10,000 in YLD 10 years ago paid $5,683 in dividends.⁠

YLD Risk

How much the fund’s monthly returns vary, scaled to a year.
4.2%
Annualised · 36 months to Oct 2026
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.
0.92
vs 3-month T-bills · to Oct 2026
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.
−13.8%
Trough Sep 2022
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.
0.55
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.

FMP measures it over up to five years of monthly returns.

YLD Cost

Overpaying vs SCYB, cheapest in US High Yield

$7,260

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • YLD 0.39%

    $7,898

  • SCYB 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • YLD 0.39%
  • SCYB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530YLD $7,898SCYB $638

Year by year

YearYLDSCYBOverpaying
10$705$55$650
20$2,725$216$2,509
30$7,898$638$7,260

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