Principal Quality ETF
Overview
Performance
As of 11/30/2025
YTD
7.88%
1-year
5.63%
3-year
14.55%
5-year
12.05%
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
Focuses on quality companies with pricing power that can maintain margins
- Identifies companies with competitive advantages, high barriers to entry, and the ability to maintain margins during challenging markets.
- Avoids companies and industries prone to disruptive price competition (i.e., price takers).
- Active, rules-based framework helps ensure a consistent approach is implemented through different market cycles.
Fund details
as of
12/04/2025
unless indicated otherwise
Fund ticker
PSET
Benchmark
S&P 500 Index
NAV
$76.71
NAV change
$0.14
Premium/Discount to NAV
-0.05%
Median bid ask spread
as of
12/04/2025
0.12%
Price
$76.67
Price change
$0.09
Daily volume
3,295
Total fund assets
$36.8M
Shares outstanding
480,001
Dividend frequency
Quarterly
Inception date
03/21/2016
Morningstar category
Large Blend
Investment approach
The investment seeks long-term growth of capital.
Under normal circumstances, the fund primarily invests in equity securities. For security selection and portfolio construction, Principal Global Investors, LLC ("PGI") uses a proprietary quantitative model designed to identify equity securities in the S&P 500 Growth Index that exhibit growth characteristics, including higher quality, growth potential, and pricing power. "Higher quality" means securities that PGI believes possess higher quality characteristics relative to their peers, measured by profitability, earnings quality, balance sheet strength, and solvency.
Performance & expenses
As of
11/30/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Net asset value (NAV) return | 0.06% | 1.85% | 7.88% | 5.63% | 14.55% | 12.05% | — | 13.54% | — |
| Market price return | 0.00% | 1.88% | 7.80% | 5.53% | 14.54% | 12.04% | — | 13.54% | — |
| Benchmark performance S&P 500 Index |
0.25% | 6.34% | 17.81% | 15.00% | 20.55% | 15.27% | 14.62% | — | — |
| Morningstar category average | — | — | — | — | — | — | — | — | — |
| Morningstar percentile rankings | — | — | — | 86 | 78 | 78 | — | — | — |
| # of funds in category | 1,381 | 1,377 | 1,337 | 1,326 | 1,223 | 1,134 | — | — | 1,223 |
| Morningstar rating | — | — | — | — | — | — |
30-Day SEC yield
Unsubsidized as of
11/28/2025
0.57%
30-Day SEC yield
Subsidized as of
11/28/2025
0.57%
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.
Prior to June 17, 2022, the objective and strategy of Fund differed from its current objective and strategy. Accordingly, performance of the Fund for periods prior to that date may not be representative of the performance the Fund would have achieved had the Fund been following its current objective and strategy.
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Net asset value (NAV) return | 0.77% | 3.53% | 6.73% | 7.54% | 20.44% | 13.41% | — | 13.67% | — |
| Market price return | 0.81% | 3.53% | 6.66% | 7.62% | 20.44% | 13.42% | — | 13.67% | — |
| Benchmark performance S&P 500 Index |
3.65% | 8.12% | 14.83% | 17.60% | 24.91% | 16.46% | 15.29% | — | — |
| Morningstar category average Large Blend |
2.94% | 6.92% | 13.10% | 14.57% | 22.31% | 14.83% | 13.68% | — | — |
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.
Prior to June 17, 2022, the objective and strategy of Fund differed from its current objective and strategy. Accordingly, performance of the Fund for periods prior to that date may not be representative of the performance the Fund would have achieved had the Fund been following its current objective and strategy.
| Data | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Net asset value (NAV) return | — | — | — | — | — |
| Market price return | 17.66% | 24.07% | -16.41% | 29.36% | 16.25% |
| Morningstar category average Large Blend |
21.45% | 22.32% | -16.96% | — | — |
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 |
|---|---|---|
| 10/01/2025 | Income | 0.1067 |
| 07/01/2025 | Income | 0.0884 |
| 04/01/2025 | Income | 0.1173 |
| 12/27/2024 | Income | 0.1192 |
| 10/01/2024 | Income | 0.1165 |
| 07/01/2024 | Income | 0.1094 |
| 04/01/2024 | Income | 0.1456 |
| 12/27/2023 | Income | 0.1240 |
| 10/02/2023 | Income | 0.1261 |
| 07/03/2023 | Income | 0.1358 |
| 04/03/2023 | Income | 0.1353 |
| 12/28/2022 | Income | 0.2057 |
Expense ratio gross
0.15%
Expense ratio net
0.15%
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
12/05/2025
% of Assets
% of Assets
1.
NVIDIA CORP COMMON STOCK USD.001
6.52%
2.
APPLE INC COMMON STOCK USD.00001
5.73%
3.
MICROSOFT CORP COMMON STOCK USD.00000625
5.04%
4.
BROADCOM INC COMMON STOCK
4.39%
5.
ALPHABET INC CL C COMMON STOCK USD.001
2.68%
6.
AMAZON.COM INC COMMON STOCK USD.01
2.43%
7.
APPLIED MATERIALS INC COMMON STOCK USD.01
1.96%
8.
VISA INC CLASS A SHARES COMMON STOCK USD.0001
1.91%
9.
MASTERCARD INC A COMMON STOCK USD.0001
1.67%
10.
GENERAL ELECTRIC COMMON STOCK USD.01
1.59%
Portfolio management
Kyle Johnson, CFA
12 years of experience
Aaron Siebel, CFA
20 years of experience