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INDEXES

Nasdaq Announces Launch of 2 New ETFs with Principal Financial Group

Nasdaq expands its smart beta suite with two new strategies

Nasdaq is excited to announce that Principal Financial Group launched two new ETFs that track indexes in Nasdaq’s smart beta suite: the Principal Price Setters Index ETF (PSET) and the Principal Shareholder Yield Index ETF (PY). Both ETFs launched on the Nasdaq Stock Exchange on March 22nd.

PSET looks to invest in large- and mid-cap U.S. companies that have the ability to pass through rising costs without sacrificing customers—or, rather, that have substantial pricing power. The fund’s underlying index, the Nasdaq U.S. Price Setters Index, selects its components from the Nasdaq U.S. Large Mid Cap Index. The Nasdaq U.S. Price Setters Index has historically proven to combat inflation and has performed well during times of heightened market stress. It identifies securities that not only possess sustainable pricing power, but also display high quality financial metrics.

PY utilizes the same selection universe (Nasdaq U.S. Large Mid Cap Index Index) but targets companies that have exhibited strong shareholder yield, which includes dividend payments and stock buybacks. Dividends and buybacks are explicit and implicit methods in which a company can return cash to their shareholders; the Nasdaq U.S. Shareholder Yield Index combines those factors with additional cash flow criteria to ensure not only that the securities in the index are great historical yield producers, but also positioned to continue to maintain those attractive yields moving forward.

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Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

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