YLD Fees and Costs — Principal Active High Yield ETF
Data updated: 2026-09-10
The net expense ratio is 0.39%. There are no sales loads or redemption fees. Portfolio turnover was 46%.
YLD Fees and Expenses
Annual operating expenses and sales charges of YLD. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
YLD Costs Over Time
On $10,000 invested in YLD, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.39%) | $41 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
YLD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $979.5M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $21.0M
- Net income from securities lending: $315K (0.070% of average net assets)
YLD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $322.2M | 35.58% |
| J.P. Morgan Securities LLC | $262.1M | 28.94% |
| Goldman Sachs & Co. LLC | $81.4M | 8.98% |
| BofA Securities, Inc. | $48.3M | 5.33% |
| Wells Fargo Securities, LLC | $46.1M | 5.09% |
| Barclays Capital Inc. | $44.4M | 4.90% |
| Citigroup Global Markets Inc. | $31.2M | 3.44% |
| Morgan Stanley & Co. LLC | $30.1M | 3.32% |
| Deutsche Bank Securities Inc. | $20.4M | 2.25% |
| Jefferies LLC | $19.5M | 2.16% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.