PVAL — Principal Contrarian Value Index ETF

PVAL Fund Overview

PVAL — Principal Contrarian Value Index ETF is a US ETF managed by Principal Exchange-Traded Funds, categorised as Developed ex-US Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Principal Exchange-Traded Funds
• Category: Developed ex-US Value Equity
• Assets under management: $3.40M
• 1-year return: -13.6%
• Ticker: PVAL
• SEC CIK: 0001572661
• SEC series ID: S000059179
• Share class ID: C000193917

PVAL Investment Objective and Strategy

Principal Contrarian Value Index ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Exchange-Traded Funds.

Investment objective

"The Fund seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Contrarian Value Index (the ""Index"")."

Principal investment strategy

"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the Index at the time of purchase. The Index uses a quantitative model designed to identify equity securities of companies in the Nasdaq US Large Mid Cap Index (the ""Parent Index"") that appear to be undervalued by the market relative to their fundamental value. To be eligible for the Index, a security must be a component of the Parent Index, which is composed of equity securities of U.S. issuers with medium and large market capitalizations. Securities are included in the Index based on their book yields. Based upon the most recent median book yield of securities in the Parent Index as compared to the average of the median book yields over the prior 28 quarters, the Index methodology determines a market condition of either ""bear"" (where the recent book yield exceeds the prior book yields by a threshold amount) or ""normal"" (where a bear market is not present).

Securities in either the top 30% by book yield (in a bear market) or the top 30% by adjusted book yield rankings (in a normal market) are then selected for the Index. After selection, the securities are weighted, with those in the higher ranking groups receiving relatively more weight. Because securities in the financial sector often perform differently than other securities with respect to book yields, securities are selected for the Index separately from Financials and non-Financials according to Industry Classification Benchmark (""ICB"") so that each such ICB classification maintains its respective weight from the Parent Index. The Index is rebalanced annually. Additionally, throughout the year securities that become ineligible for the Index are removed and not replaced. The market condition is monitored quarterly.

If the market condition changes from bear to normal or vice versa, there is a special rebalance. The Fund will make corresponding changes to its portfolio shortly after Index changes are made public. As of June 30, 2018, the Index included 256 components, and the Parent Index included 930 components. More detailed information about the Index methodology is provided in the prospectus under Fund Account Information. The Fund employs a passive investment approach designed to attempt to track the performance of the Index. In seeking its objective, the Fund typically employs a ""full replication"" strategy which involves investing in all the securities that make up the Index, in the same approximate proportions as the Index. The Fund can, however, use a sampling methodology to purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index.

The Fund can also purchase securities not included in the Index that the advisor believes will help the fund track the Index. The Fund will not concentrate its investments (invest more than 25% of its assets) in a particular industry except to the extent the Index is so concentrated."

PVAL Performance

Total returns for PVAL (as of 2026-10-01), from SEC filings.

PVAL Risk Information

Risk metrics for PVAL, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 31.8%

PVAL Costs and Fees

PVAL costs about $29 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.29%
• Gross expense ratio: 0.29%
• Portfolio turnover: 47%
• Brokerage commissions: 6.52 bps of average net assets (SEC N-CEN)

PVAL Cashflows

Over the 12 months to 2020-06, Principal Contrarian Value Index ETF had net outflows of $957.25K, from monthly SEC N-PORT filings.

PVAL Debt Constituents

No individual debt constituents are reported in Principal Contrarian Value Index ETF's latest SEC N-PORT filing.

PVAL Prospectus and SEC Filings

Official Principal Contrarian Value Index ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-11-20
• Prospectus (485BPOS) — filed 2018-11-16
• Prospectus (485BPOS) — filed 2017-10-30
• Portfolio holdings (N-PORT) — filed 2020-08-06
• Portfolio holdings (N-PORT) — filed 2020-05-27
• Portfolio holdings (N-PORT) — filed 2020-02-11
• Annual census (N-CEN) — filed 2020-09-09
• Annual census (N-CEN) — filed 2019-09-11

Related Funds

Other Developed ex-US Value Equity funds tracked on ABC INVEST:

• ICON International Equity Fund (IIQCX)
• Counterpoint Long-Short Equity Fund (CPQAX)
• Amana Equity Income ETF (AMEI)
• Aristotle Multi-Sector Income ETF (ARMS)
• Integrity Dividend Harvest ETF (DIVH)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.