PY – Principal Value ETF – ETF Stock Quote | Morningstar

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Will PY outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PY’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the PY management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of PY’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Principal Value ETF to a Morningstar Medalist Rating of Neutral.

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Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research

Rated on Aug 31, 2024 Published on Aug 31, 2024

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Current Portfolio Date Oct 2, 2024
Equity Holdings —
Bond Holdings —
Other Holdings —
% Assets in Top 10 Holdings 21.0

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Apple Inc	3.93	3.0 Mil	Technology
Microsoft Corp	3.62	2.8 Mil	Technology
NVIDIA Corp	2.89	2.2 Mil	Technology
Broadcom Inc	2.46	1.9 Mil	Technology
Exxon Mobil Corp	1.81	1.4 Mil	Energy
The Home Depot Inc	1.61	1.2 Mil	Consumer Cyclical
Chevron Corp	1.26	958,197	Energy
Caterpillar Inc	1.23	938,983	Industrials
Accenture PLC Class A	1.18	899,778	Technology
Qualcomm Inc	1.15	877,360	Technology

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