Principal Focused Blue Chip ETF
Overview
Performance
As of 10/31/2025
YTD
12.18%
1-year
18.37%
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
Highly active approach focused on owner-operators
- A wide latitude to depart from index weights results in higher active share and more concentrated top holdings than peers.
- Aligned incentives: Owner-operators tend to be passionate and cost conscious. We believe they have longer-term outlooks and are better capital allocators.
- An experienced team with a history of delivering risk-adjusted returns over market cycles.
Fund details
as of
11/26/2025
unless indicated otherwise
Fund ticker
BCHP
Benchmark
Russell 1000® Growth Index
NAV
$37.67
NAV change
$0.16
Premium/Discount to NAV
0.10%
Median bid ask spread
as of
11/26/2025
0.13%
Price
$37.71
Price change
$0.17
Daily volume
17,846
Total fund assets
$179.3M
Shares outstanding
4,760,001
Dividend frequency
Annually
Inception date
07/12/2023
Morningstar category
Large Growth
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 of companies with large market capitalizations that, in the opinion of Principal Global Investors, LLC (“PGI”), the fund’s investment advisor, display characteristics of a “blue chip” company. The fund is non-diversified.
Performance & expenses
As of
10/31/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Net asset value (NAV) return | 1.39% | 0.22% | 12.18% | 18.37% | — | — | — | 20.77% | — |
| Market price return | 1.43% | -0.05% | 12.13% | 18.34% | — | — | — | 20.79% | — |
| Benchmark performance Russell 1000® Growth Index |
3.63% | 10.36% | 21.50% | 30.52% | — | — | — | — | — |
| Morningstar category average Large Growth |
2.91% | 7.94% | 18.64% | 25.79% | — | — | — | — | — |
| Morningstar percentile rankings | — | — | — | 79 | — | — | — | — | — |
| # of funds in category | 1,118 | 1,113 | 1,095 | 1,084 | — | — | — | — | — |
| 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 | 0.01% | 2.81% | 10.64% | 15.07% | — | — | — | 20.89% | — |
| Market price return | -0.03% | 2.81% | 10.55% | 15.01% | — | — | — | 20.89% | — |
| Benchmark performance Russell 1000® Growth Index |
5.31% | 10.51% | 17.24% | 25.53% | — | — | — | — | — |
| Morningstar category average Large Growth |
4.09% | 7.59% | 15.25% | 21.73% | 28.11% | 13.71% | 15.90% | — | — |
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 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Net asset value (NAV) return | — | — | — | — | — |
| Market price return | 20.70% | — | — | — | — |
| Morningstar category average Large Growth |
28.96% | 36.74% | -29.91% | 20.45% | 35.86% |
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 |
|---|---|---|
| 12/27/2024 | Income | 0.0073 |
| 12/18/2024 | Short Term Capital Gain | 0.2319 |
| 12/18/2024 | Long Term Capital Gain | 0.1089 |
| 12/27/2023 | Income | 0.0543 |
Expense ratio gross
0.58%
Expense ratio net
0.58%
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.
Ratings
Morningstar Medalist Rating™
as of 11/12/2025
| Analyst-Driven %: 100 | Data Coverage %: 100
Holdings
Top 10
as of
11/26/2025
% of Assets
% of Assets
1.
AMAZON.COM INC COMMON STOCK USD.01
14.68%
2.
MICROSOFT CORP COMMON STOCK USD.00000625
13.75%
3.
BROOKFIELD CORP COMMON STOCK
10.08%
4.
TRANSDIGM GROUP INC COMMON STOCK USD.01
6.60%
5.
ALPHABET INC CL C COMMON STOCK USD.001
5.56%
6.
NVIDIA CORP COMMON STOCK USD.001
4.65%
7.
BROADCOM INC COMMON STOCK
4.50%
8.
MASTERCARD INC A COMMON STOCK USD.0001
4.49%
9.
VISA INC CLASS A SHARES COMMON STOCK USD.0001
4.38%
10.
CADENCE DESIGN SYS INC COMMON STOCK USD.01
4.28%
Portfolio management
K. William Nolin, CFA
36 years of experience
Thomas Rozycki, CFA
25 years of experience