Principal International Multi-Factor ETF (PDEV)
Principal International Multi-Factor ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Des Moines, IA, US. The stock last traded at $31.06, up 0.00% on the session, giving a market capitalisation of $80.0M. Its beta of 0.00 implies it has historically moved less than the broad market.
The fund's core purpose is to deliver investment returns that closely match the performance of the Nasdaq Developed Select Leaders Core Index, prior to deducting expenses. To achieve this, the fund generally commits at least 80% of its assets (including money borrowed for investment) to purchase equity securities of companies found within that index at the time of transaction. The underlying index utilizes a data-driven model to pinpoint equity securities within the broader Nasdaq Developed Market Ex-US Ex-Korea Large Mid Cap Index, specifically targeting companies demonstrating significant promise in terms of intrinsic value, quality growth, and impressive market momentum.
Principal International Multi-Factor ETF is most often compared with the following Financial Services names: