About Principal Shareholder Yield Index ETF (PY)

The Principal Shareholder Yield Index ETF (PY) is an exchange-traded fund (ETF) that aims to provide investment results that correspond generally to the performance of the Nasdaq U.S. Shareholder Yield Index. This index is designed to track the performance of U.S. stocks with high shareholder yield, which is a combination of dividend yield and net stock buyback yield. The ETF seeks to achieve its investment objective by investing in a portfolio of securities that replicate the index's composition.

The Principal Shareholder Yield Index ETF offers investors exposure to a diversified basket of U.S. stocks that exhibit attractive shareholder yield characteristics. Shareholder yield is a measure of how much cash a company is returning to its shareholders through dividends and buybacks. By focusing on companies with high shareholder yield, the ETF aims to capture the potential for higher total returns and income generation.