# EDGAR Filing Document

**Accession Number:** 0001572661
**File Stem:** 0001572661-26-000009
**Filing Date:** 2026-3
**Character Count:** 14958
**Document Hash:** 5a13a332d8d64a7d9d0beeeca467827b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001572661-26-000009.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0001572661-26-000009

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20260316

**DATE AS OF CHANGE**: 20260316

**EFFECTIVENESS DATE**: 20260316

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Principal Exchange-Traded Funds
- **CENTRAL INDEX KEY:** 0001572661

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-201935
- **FILM NUMBER:** 26755376

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

## Series and Classes Contracts Data

### Principal Active High Yield ETF (formerly Principal Active Income ETF) (Series ID: S000049047)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                                             | Ticker Symbol | Class ID   |
| Principal Active High Yield ETF (formerly Principal Active Income ETF) | YLD           | C000154646 |

---

### Principal Quality ETF (Series ID: S000052929)

---

|  |  |  |
|:---|:---|:---|
| Class Name            | Ticker Symbol | Class ID   |
| Principal Quality ETF | PSET          | C000166474 |

---

### Principal Value ETF (Series ID: S000052930)

---

|  |  |  |
|:---|:---|:---|
| Class Name          | Ticker Symbol | Class ID   |
| Principal Value ETF | PY            | C000166475 |

---

### Principal Spectrum Preferred Securities Active ETF (Series ID: S000054767)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                         | Ticker Symbol | Class ID   |
| Principal Spectrum Preferred Securities Active ETF | PREF          | C000172043 |

---

### Principal U.S. Small-Cap ETF (Series ID: S000055159)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| Principal U.S. Small-Cap ETF | PSC           | C000173454 |

---

### Principal U.S. Mega-Cap ETF (Series ID: S000059183)

---

|  |  |  |
|:---|:---|:---|
| Class Name                  | Ticker Symbol | Class ID   |
| Principal U.S. Mega-Cap ETF | USMC          | C000193921 |

---

### Principal Investment Grade Corporate Active ETF (Series ID: S000061644)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                      | Ticker Symbol | Class ID   |
| Principal Investment Grade Corporate Active ETF | IG            | C000199630 |

---

### Principal Spectrum Preferred and Income ETF (formerly, Principal Spectrum Tax-Advantaged Dividend Active ETF) (Series ID: S000068805)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                                                                                    | Ticker Symbol | Class ID   |
| Principal Spectrum Preferred and Income ETF (formerly, Principal Spectrum Tax-Advantaged Dividend Active ETF) | PQDI          | C000219817 |

---

### Principal Real Estate Active Opportunities ETF (Series ID: S000076068)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                     | Ticker Symbol | Class ID   |
| Principal Real Estate Active Opportunities ETF | BYRE          | C000235507 |

---

### PRINCIPAL FOCUSED BLUE CHIP ETF (Series ID: S000080686)

---

|  |  |  |
|:---|:---|:---|
| Class Name                      | Ticker Symbol | Class ID   |
| Principal Focused Blue Chip ETF | BCHP          | C000243208 |

---

### Principal International Equity ETF (Series ID: S000088641)

---

|  |  |  |
|:---|:---|:---|
| Class Name                         | Ticker Symbol | Class ID   |
| Principal International Equity ETF | PIEQ          | C000254970 |

---

### Principal Capital Appreciation Select ETF (Series ID: S000091386)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                | Ticker Symbol | Class ID   |
| Principal Capital Appreciation Select ETF | LCAP          | C000259043 |

---

## Series and Classes Contracts Data

### Principal Active High Yield ETF (formerly Principal Active Income ETF) (Series ID: S000049047)

| Class ID   | Class Name                                                             | Ticker Symbol   |
|:---|:---|:---|
| C000154646 | Principal Active High Yield ETF (formerly Principal Active Income ETF) | YLD             |

### Principal Quality ETF (Series ID: S000052929)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000166474 | Principal Quality ETF | PSET            |

### Principal Value ETF (Series ID: S000052930)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000166475 | Principal Value ETF | PY              |

### Principal Spectrum Preferred Securities Active ETF (Series ID: S000054767)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000172043 | Principal Spectrum Preferred Securities Active ETF | PREF            |

### Principal U.S. Small-Cap ETF (Series ID: S000055159)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000173454 | Principal U.S. Small-Cap ETF | PSC             |

### Principal U.S. Mega-Cap ETF (Series ID: S000059183)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000193921 | Principal U.S. Mega-Cap ETF | USMC            |

### Principal Investment Grade Corporate Active ETF (Series ID: S000061644)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000199630 | Principal Investment Grade Corporate Active ETF | IG              |

### Principal Spectrum Preferred and Income ETF (formerly, Principal Spectrum Tax-Advantaged Dividend Active ETF) (Series ID: S000068805)

| Class ID   | Class Name                                                                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000219817 | Principal Spectrum Preferred and Income ETF (formerly, Principal Spectrum Tax-Advantaged Dividend Active ETF) | PQDI            |

### Principal Real Estate Active Opportunities ETF (Series ID: S000076068)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000235507 | Principal Real Estate Active Opportunities ETF | BYRE            |

### PRINCIPAL FOCUSED BLUE CHIP ETF (Series ID: S000080686)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000243208 | Principal Focused Blue Chip ETF | BCHP            |

### Principal International Equity ETF (Series ID: S000088641)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000254970 | Principal International Equity ETF | PIEQ            |

### Principal Capital Appreciation Select ETF (Series ID: S000091386)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000259043 | Principal Capital Appreciation Select ETF | LCAP            |

?xml version='1.0' encoding='ASCII'? ck0001572661-20260316

**Principal Exchange-Traded Funds**

**Supplement dated March 16, 2026**

**to the Prospectus and Statement of Additional Information**

**both dated November 1, 2025** 

**(as previously supplemented)**

This supplement updates information currently in the Prospectus and Statement of Additional Information. Please retain this supplement for future reference.

The changes described below are being made to the Prospectus.

**SUMMARY FOR PRINCIPAL CAPITAL APPRECIATION SELECT ETF** 

On March 10, 2026, the Fund's Board of Trustees approved a change to the Fund's diversification classification from "diversified" to "non-diversified" and a change to the related fundamental investment restriction (together, the "Proposed Change"). Fund shareholders of record on April 13, 2026, are entitled to vote on the Proposed Change at a Special Meeting of Shareholders of the Fund tentatively scheduled for June 25, 2026. Additional information about the Proposed Change will be provided in the Proxy Statement that is expected to be sent to record date Fund shareholders on or about April 20, 2026. The Proposed Change, if approved by Fund shareholders, is expected to be effective on or about July 1, 2026. However, the Fund's officers have the discretion to change these dates.

*On or about July 1, 2026, subject to shareholder approval, under* **Principal Investment Strategies**, *add the following after the first paragraph:*

The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Fund's share price than would occur in a more diversified fund.

*On or about July 1, 2026, subject to shareholder approval, in the* **Principal Risks** *section, add the following to the alphabetical list of risks:*

**Non-Diversification Risk**. A non-diversified fund may invest a high percentage of its assets in the securities of a small number of issuers and is more likely than diversified funds to be significantly affected by a specific security's poor performance.

------

The changes described below are being made to the Statement of Additional Information.

**DESCRIPTION OF THE FUNDS' INVESTMENTS AND RISKS**

*On or about July 1, 2026, subject to shareholder approval, in the* **Fundamental Restrictions** *section, delete* Fundamental Restriction 6) a. *and replace with the following:*

6)Has adopted a policy regarding diversification, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.The Principal Focused Blue Chip ETF, Principal Capital Appreciation Select ETF, Principal Real Estate Active Opportunities ETF, and Principal U.S. Mega-Cap ETF have elected to be non-diversified.

**LEADERSHIP STRUCTURE AND BOARD**

*On March 10, 2026, the Principal Exchange-Traded Funds (the "Registrant") Board of Trustees (the "Board") elected Mr. Daniel J. Beckman as an Independent Board Member.* 

*In the* **Committee** *table, delete the members of the <u>15(c) C</u>*<u>ommittee</u> *and* <u>Operations Committee</u> *and replace with the following:*

---

| |
|:---|
| **Committee Members** |
| <u>15(c) Committee</u> |
| Padelford L. Lattimer, Chair<br>Daniel Beckman<br>Katharin S. Dyer<br>Karen McMillan |
| <u>Operations Committee</u>  |
| Thomas A. Swank, Chair<br>Daniel Beckman<br>Katharin S. Dyer<br>Padelford L. Lattimer |

---

*Under* **<u>Independent Board Members</u>***, add the following in alphabetical order:*

**Daniel J. Beckman.** Mr. Beckman has served as an Independent Board Member of the Principal Funds since 2026. He served as President of Ameriprise Trust Company from 2024 to 2025. Mr. Beckman served as the President and Principal Executive Officer of the Columbia Funds and Columbia Acorn/Wanger Funds from 2021 to 2025. From 2015 to 2025, he served as Vice President of Columbia Management Investment Advisers, LLC. Mr. Beckman also served as a director of Columbia Management Investment Distributors, Inc. from 2018 to 2025. Through his education, employment experience, and experience as a board member, Mr. Beckman is experienced with financial, regulatory, and investment matters.

------

*Under* **Additional Information Regarding Board Members and Officers**, *in the* **INDEPENDENT BOARD MEMBERS** *table, add the following alphabetically:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INDEPENDENT BOARD MEMBERS** | **INDEPENDENT BOARD MEMBERS** | **INDEPENDENT BOARD MEMBERS** | **INDEPENDENT BOARD MEMBERS** | **INDEPENDENT BOARD MEMBERS** |
| **Name, Address,<br>and Year of Birth** | **Board Positions Held<br>with Principal Funds** | **Principal Occupation(s) <br>During Past 5 Years** | **Number of <br>Portfolios Overseen <br>in Fund Complex** | **Other Directorships Held During Past 5 Years** |
| Daniel J. Beckman<br>711 High Street<br>Des Moines, IA 50392<br>1962 | Director, PFI and PVC (since 2026)<br>Trustee, PETF <br>(since 2026) | President, Ameriprise Trust Company (2024-2025);<br>President and Principal Executive Officer of the Columbia Funds (2021-2025); Vice President, Columbia Management Investment Advisers, LLC (2015-2025); <br>Vice President - Head of North America Product, Columbia Management Investment Advisers, LLC (2015-2023); <br>President and Principal Executive Officer, Columbia Acorn/Wanger Funds (2021-2025). | 122 | Columbia Funds (170 Portfolios) (2021-2025);<br>Ameriprise Trust Company (2016-2025);<br>Columbia Management Investment Distributors, Inc. (2018-2025). |

---

*Under* **Additional Information Regarding Board Members and Officers**, *in the* **PRINCIPAL FUNDS OFFICERS** *table, delete the row for* Deanna Y. Pellack *and add the following alphabetically:*

---

| | | |
|:---|:---|:---|
| **PRINCIPAL FUNDS OFFICERS** | **PRINCIPAL FUNDS OFFICERS** | **PRINCIPAL FUNDS OFFICERS** |
| **Name, Address,<br>and Year of Birth** | **Position(s) Held<br>with Principal Funds** | **Principal Occupation(s) <br>During Past 5 Years** |
| Deanna Y. Pellack<br>711 High Street<br>Des Moines, IA 50392<br>1987 | Counsel and Secretary (since 2024)<br>Counsel and Assistant Secretary (2023-2024)<br>Assistant Counsel and Assistant Secretary<br>&nbsp;&nbsp;&nbsp;&nbsp;(2022-2023) | <u>Principal Financial Group\*</u><br>Assistant General Counsel (since 2026)<br>Counsel (2022-2026)<br><u>The Northern Trust Company</u><br>Vice President (2019-2022) |

---

*In the* **Board Member Ownership of Securities** *section, add the following column alphabetically and footnote to the Independent Board Members table:*

---

| | |
|:---|:---|
| **Independent Board Members** | **Independent Board Members** |
| **Funds in this SAI** | **Beckman**<sup>(2)</sup> |
| Principal Active High Yield ETF | E |
| Principal Focused Blue Chip ETF | E |
| Principal International Equity ETF | E |
| Principal Investment Grade Corporate Active ETF | E |
| Principal Spectrum Preferred and Income ETF | C |
| Principal U.S. Mega-Cap ETF | E |
| Principal U.S. Small-Cap ETF | E |
| **Aggregate Dollar Range of Equity Securities in All Registered Companies Overseen by Director in Family of Investment Companies** | **E** |

---

<sup>(2)</sup> Appointment effective March 10, 2026.

*In the* **Board Member and Officer Compensation** *section, add the following row alphabetically and footnote to the table:*

---

| | | |
|:---|:---|:---|
| **Board Member** | **Funds in this SAI** | **Fund Complex**<sup>(2)</sup> |
| Daniel J. Beckman<sup>(3)</sup> | $0 | $0 |

---

<sup>(3)</sup> Mr. Beckman was elected to the Board effective March 10, 2026.