Turn market views into portfolio action
Fixed income investing can be complex. Moving interest rates, evolving credit conditions, and inflation uncertainty create a challenge for investors: how to position portfolios as macro drivers shift. Principal Fit offers five actively managed ETFs, each targeting specific market drivers.
Investors can leverage a carefully designed suite of outcome-based building blocks, each informed by deep research and extensive experience across environments. The result? A more intuitive approach to portfolio construction: one that simplifies complexity and enables investors to express their views on rates, spreads, and inflation.
Principal Fit is a market-connected toolkit that helps investors act with clarity, adapt with control, and pursue confident outcomes.
Clarity in complexity
Transforms fixed income from fragmented decisions to a cohesive, easy-to-use framework.
Empowerment
Enables investors to express views on rates, credit, and inflation without building from scratch.
Simple by design
Extends institutional grade thinking into practical application.
The Principal® Fit ETF Suite is more than a collection of individual ETFs—it is a practical toolkit for turning market views into portfolio positioning, helping investors remain aligned with client objectives over time.
| Ticker | ETF | Objective |
|---|---|
| UUPP | Principal CLO ETF | Positioned for rising interest rate environments, offering exposure to floating-rate credit through collateralized loan obligations. |
| DWWN | Principal Long Duration ETF | Designed to benefit from falling rates, providing exposure to longer-duration bonds. |
| IG | Principal Investment Grade Corporate ETF | Targets tightening credit spreads through exposure to high-quality corporate bonds. |
| WDE | Principal Securitized Debt ETF | Offers diversified exposure to securitized credit, particularly relevant in widening spread environments. |
| RIZE | Principal Inflation Protection ETF | Provides inflation-sensitive exposure designed to help manage rising price levels. |
While each ETF can be used independently, the full suite is designed to work cohesively. Investors can construct and adjust portfolios dynamically as macro conditions evolve.
By organizing exposures across rate, spread, and inflation regimes, the Principal® Fit ETF Suite brings structure to an otherwise fragmented decision-making process, seeking to make implementation more efficient and transparent.
For illustrative purposes only and reflects assumptions used in portfolio construction. The strategy may not perform as intended. Principal® Fit ETF Suite is a group of five fixed income ETFs created by Principal that can be used separately or in a combined allocation. The chart plots the market conditions that each of these five Principal ETFs was designed to navigate. ETF tickers within the Principal® Fit ETF Suite: DWWN, IG, RIZE, UUPP, WDE.
To help bring the Principal Fit ETF Suite to life, Principal offers a companion portfolio visualization tool that aims to streamline fixed income allocation analysis.
Using this tool, financial professionals can select views on rates, spreads, and inflation to instantly see a portfolio take shape and compare their views with Principal outlooks.
For financial professional use only
Fixed income perspectives
Themes, outlook, and investment implications across global fixed income markets.
Active ETFs
Find out more about actively-managed Principal ETFs.
Fixed income investment strategies
Get to know our fixed income investment teams.
Principal Fit ETF Suite (PDF)
Turn market views into portfolio action.
Carefully consider a fund’s objectives, risks, charges, and expenses. For a prospectus, or summary prospectus if available, containing this and other information, visit PrincipalAM.com or call sales support at 800-787-1621. Please read it carefully before investing.
Asset allocation and diversification do not ensure a profit or protect against a loss. Investing in ETFs involves risk, including possible loss of principal. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance. Investor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissions apply.
Unlike passive ETFs, there are no indices that the Principal ETFs listed attempt to track or replicate. Thus, the ability of the funds to achieve objectives will depend on the effectiveness of the portfolio manager.
Product-specific risk disclosures:
UUPP: Fixed-income investments are subject to interest rate risk; as interest rates rise their value will decline. Investments in asset-backed securities such as collateralized loan obligations (CLOs) are subject to additional risks associated with the nature of the underlying assets and the servicing of those assets, including risk of default of the underlying assets. Investing in derivatives entails specific risks relating to liquidity, leverage, and credit, which may reduce returns and/or increase volatility.
RIZE: Fixed-income investments are subject to interest rate risk; as interest rates rise their value will decline. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government. Certain components of the fund's current yield are adjusted monthly based on changes in the rate of inflation. This can cause the yield to vary from one month to the next and may not be repeated. Investing in derivatives entails specific risks relating to liquidity, leverage, and credit, which may reduce returns and/or increase volatility.
DWWN: Fixed-income investments are subject to interest rate risk; as interest rates rise their value will decline. Funds with longer average portfolio durations are more sensitive to changes in interest rates and may be more volatile than those with shorter durations. Investing in derivatives entails specific risks relating to liquidity, leverage, and credit, which may reduce returns and/or increase volatility.
WDE: Fixed-income investments are subject to interest rate risk; as interest rates rise their value will decline. Investments in asset-backed securities such as mortgage-backed securities are subject to additional risks associated with the nature of the underlying assets and the servicing of those assets, including risk of default of the underlying assets. Investing in derivatives entails specific risks relating to liquidity, leverage, and credit, which may reduce returns and/or increase volatility.
IG: Fixed-income investments are subject to interest rate risk; as interest rates rise, their value will decline.
ALPS Distributors, Inc. is the distributor of the Principal ETFs. ALPS Distributors, Inc. and the Principal Funds are not affiliated.
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Principal Asset Management is a trade name of Principal Global Investors, LLC. Principal Global Investors leads global asset management at Principal®.
MM14936 | 06/2026 | 5428851-062027 | PRI002098-062028