Principal International Equity ETF
Overview
Performance
As of 12/31/2025
YTD
37.55%
1-year
37.55%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Highlights
Concentrated, core, all-weather profile
- Reflects our conviction that excess returns are generated over time by investing in companies where free cash flow power is underestimated by the market
- A focus on uncorrelated idea generation and deep fundamental analysis
- Growth and value both simultaneously essential for value creation
Fund details
as of
12/31/2025
unless indicated otherwise
Fund ticker
PIEQ
Benchmark
MSCI ACWI Ex-U.S. NTR Index
NAV
$32.84
NAV change
-$0.05
Premium/Discount to NAV
0.36%
Median bid ask spread
as of
12/31/2025
0.27%
Price
$32.96
Price change
-$0.07
Daily volume
43,248
Total fund assets
$1.1B
Shares outstanding
35,940,001
Dividend frequency
Annually
Inception date
11/05/2024
Morningstar category
Foreign Large Blend
Investment approach
The investment seeks long-term growth of capital.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The fund invests primarily in foreign equity securities, including emerging market securities, such as China. It invests in equity securities of small, medium, and large market capitalization companies.
Performance & expenses
As of
12/31/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Net asset value (NAV) return | 2.64% | 5.41% | 37.55% | 37.55% | — | — | — | 28.18% | — |
| Market price return | 2.53% | 5.35% | 37.84% | 37.84% | — | — | — | 28.44% | — |
| Benchmark performance | — | — | — | — | — | — | — | — | — |
| Morningstar category average | — | — | — | — | — | — | — | — | — |
| Morningstar percentile rankings | — | — | — | 7 | — | — | — | — | — |
| # of funds in category | 687 | 694 | 682 | 677 | — | — | — | — | — |
| Morningstar rating | — | — | — | — | — | — | — | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
The market price used to disclose the daily price and calculate daily premiums and discounts is the official closing price of the Fund, or if it more accurately reflects the market value of the Fund share at the time as of which the Fund’s NAV is calculated, the price that is the midpoint between the national best bid and national best offer as of that time. For the purpose of calculating Market Price Return, a market price prior to 02/01/2021 is defined as the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated, while a market price on or after 02/01/2021 is defined as the official close price as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Net asset value (NAV) return | 2.64% | 5.41% | 37.55% | 37.55% | — | — | — | 28.18% | — |
| Market price return | 2.53% | 5.35% | 37.84% | 37.84% | — | — | — | 28.44% | — |
| Benchmark performance | — | — | — | — | — | — | — | — | — |
| Morningstar category average | — | — | — | — | — | — | — | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
The market price used to disclose the daily price and calculate daily premiums and discounts is the official closing price of the Fund, or if it more accurately reflects the market value of the Fund share at the time as of which the Fund’s NAV is calculated, the price that is the midpoint between the national best bid and national best offer as of that time. For the purpose of calculating Market Price Return, a market price prior to 02/01/2021 is defined as the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated, while a market price on or after 02/01/2021 is defined as the official close price as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.
| Data | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Net asset value (NAV) return | — | — | — | — | — |
| Market price return | 37.84% | — | — | — | — |
| Morningstar category average Foreign Large Blend |
23.69% | 4.85% | 16.25% | -15.84% | 9.72% |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
| Date | Type | Dollar per share |
|---|---|---|
| 12/29/2025 | Income | 0.4229 |
| 12/27/2024 | Income | 0.0244 |
Expense ratio gross
0.48%
Expense ratio net
0.48%
Expense limit expiration date
—
In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.
Holdings
Top 10
as of
01/02/2026
% of Assets
% of Assets
1.
SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW100.0
5.73%
2.
AIB GROUP PLC COMMON STOCK EUR.625
4.89%
3.
HALEON PLC COMMON STOCK GBP.01
4.38%
4.
ASML HOLDING NV COMMON STOCK EUR.09
4.35%
5.
TAIWAN SEMICONDUCTOR SP ADR ADR
4.25%
6.
ERSTE GROUP BANK AG COMMON STOCK
4.22%
7.
SUNCOR ENERGY INC COMMON STOCK
3.97%
8.
ASTRAZENECA PLC COMMON STOCK USD.25
3.90%
9.
DEUTSCHE TELEKOM AG REG COMMON STOCK
3.62%
10.
SOMPO HOLDINGS INC COMMON STOCK
3.47%
Portfolio management
Paul Blankenhagen, CFA
34 years of experience
George P. Maris, CFA
28 years of experience
Matthew Peron
34 years of experience