Trade Cost Estimator
The fee table says 0.03%; the fill says otherwise. For a real order size, this instrument reads the tape — how much of the day’s volume you are, what the spread likely takes, and when the right move is a phone call, not a market order.
Volume & price are primary data · spread is a liquidity-band model, stated as an estimate
$4Mtypical dollars traded per day
24.8%your order vs the daily tape
~15bpspread band · ≈$750 on this order
work the orderthe desk’s read
YLD · $1,000,000 orderThis order IS the market for stretches of the day. Work it in slices, or use the fund's liquidity provider.
PRINCIPAL ACTIVE HIGH YIELD ETF (FORMERLY PRINCIPAL ACTIVE INCOME ETF) · LAST $18.35 · AVG VOLUME 219K SHARES · ETF LIQUIDITY IS DEEPER THAN THE SCREEN — AUTHORIZED PARTICIPANTS CAN CREATE SHARES AGAINST THE UNDERLYING BOOK, WHICH IS WHY THE ISSUER’S CAPITAL-MARKETS DESK EXISTS