# EDGAR Filing Document

**Accession Number:** 0001572661
**File Stem:** 0001752724-25-189542
**Filing Date:** 2025-8
**Character Count:** 46640
**Document Hash:** 6c29a7a4275b5dc66aba681feee0f84a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-189542.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001752724-25-189542

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**PERIOD START**: 20250630

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23029
- **FILM NUMBER:** 251223175

**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 Value ETF (Series ID: S000052930)

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Principal Exchange-Traded Funds

- **b. Investment Company Act file number:** 811-23029

- **c. CIK number of Registrant:** 0001572661

- **d. LEI of Registrant:** 549300AG76V5U32HWF10

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 801 Grand Avenue

  - **City:** DES MOINES

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **Telephone number:** 515-235-1719

**Item A.2. Information about the Series.**

- **a. Name of Series:** Principal Value ETF

- **b. EDGAR series identifier (if any):** S000052930

- **c. LEI of Series:** 549300X72DS7OIEXMJ50

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $224305812.14

**Total Liabilities:** $30356.02

**Net Assets:** $224275456.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000166475 | -5.14%               | 3.74%                | 3.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13242873.81            | $-2661374.91                               |
| Month 2  | $2297264.51              | $7763394.31                                |
| Month 3  | $5888277.38              | $1063335.84                                |

### Schedule of Portfolio Investments

| Name                                                       | Title                                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nordson Corp                                               | Nordson Corp.                                                              | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      7717 | NS      | $1654293.29   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                               | Assurant, Inc.                                                             | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      7499 | NS      | $1480977.51   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                                  | L3Harris Technologies, Inc.                                                | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      8017 | NS      | $2010984.28   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                              | Accenture PLC                                                              | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      7830 | NS      | $2340308.70   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                                  | Pool Corp.                                                                 | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      4892 | NS      | $1425920.16   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                                 | Mondelez International, Inc.                                               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     28025 | NS      | $1890006.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                         | Union Pacific Corp.                                                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      9194 | NS      | $2115355.52   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                          | Johnson & Johnson                                                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     20254 | NS      | $3093798.50   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                                 | NetApp, Inc.                                                               | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     17574 | NS      | $1872509.70   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                     | UnitedHealth Group, Inc.                                                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      7174 | NS      | $2238072.78   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                                   | Molson Coors Beverage Co.                                                  | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     25126 | NS      | $1208309.34   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                         | Valero Energy Corp.                                                        | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     12649 | NS      | $1700278.58   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                           | Wells Fargo & Co.                                                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     36328 | NS      | $2910599.36   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                                    | Marathon Petroleum Corp.                                                   | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     11844 | NS      | $1967406.84   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                                | Paychex, Inc.                                                              | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     11396 | NS      | $1657662.16   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                                   | MarketAxess Holdings, Inc.                                                 | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      6950 | NS      | $1552213.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                                            | Schlumberger NV                                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     41580 | NS      | $1405404.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                                          | Everest Group Ltd.                                                         | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      4254 | NS      | $1445721.90   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp                        | Cognizant Technology Solutions Corp.                                       | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     21658 | NS      | $1689973.74   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                                 | Masco Corp.                                                                | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     22428 | NS      | $1443466.08   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                                   | eBay, Inc.                                                                 | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     24093 | NS      | $1793964.78   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                          | EOG Resources, Inc.                                                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     14199 | NS      | $1698342.39   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                                                | Snap-on, Inc.                                                              | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      4699 | NS      | $1462234.82   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                                  | Chubb Ltd.                                                                 | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      6739 | NS      | $1952423.08   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                                          | Omnicom Group, Inc.                                                        | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     19266 | NS      | $1385996.04   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The                       | PNC Financial Services Group, Inc.                                         | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     10378 | NS      | $1934666.76   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                                      | General Dynamics Corp.                                                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      6698 | NS      | $1953538.68   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                                               | Allegion PLC                                                               | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     11929 | NS      | $1719207.48   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                               | Comcast Corp.                                                              | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     58155 | NS      | $2075551.95   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                                | Invesco Ltd.                                                               | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |     99071 | NS      | $1562349.67   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                              | Medtronic PLC                                                              | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     22976 | NS      | $2002817.92   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                                | Corteva, Inc.                                                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     27644 | NS      | $2060307.32   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                | Phillips 66                                                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     13978 | NS      | $1667575.40   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                                   | Microchip Technology, Inc.                                                 | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     32764 | NS      | $2305602.68   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                               | Prologis, Inc.                                                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |     17794 | NS      | $1870505.28   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co                              | Hewlett Packard Enterprise Co.                                             | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     99286 | NS      | $2030398.70   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                                        | Eastman Chemical Co.                                                       | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |     17457 | NS      | $1303339.62   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                                  | Archer-Daniels-Midland Co.                                                 | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     32930 | NS      | $1738045.40   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                                        | Elevance Health, Inc.                                                      | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      4522 | NS      | $1758877.12   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                                                | Lennar Corp.                                                               | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     13987 | NS      | $1547102.07   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                            | Baker Hughes Co.                                                           | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38747 | NS      | $1485559.98   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                                        | Leidos Holdings, Inc.                                                      | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     11734 | NS      | $1851155.84   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                                    | Procter & Gamble Co.                                                       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     19699 | NS      | $3138444.68   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                                       | Lockheed Martin Corp.                                                      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      4362 | NS      | $2020216.68   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                             | Lowe's Cos., Inc.                                                          | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      9167 | NS      | $2033882.29   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                                  | IDEX Corp.                                                                 | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      8627 | NS      | $1514642.39   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                                          | Ralph Lauren Corp.                                                         | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      7012 | NS      | $1923251.36   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                                | CDW Corp.                                                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      9731 | NS      | $1737859.29   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                             | Microsoft Corp.                                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     17081 | NS      | $8496260.21   | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                                             | A.O. Smith Corp.                                                           | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     22952 | NS      | $1504962.64   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                                      | Becton Dickinson & Co.                                                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      7832 | NS      | $1349062.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                              | Intercontinental Exchange, Inc.                                            | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     11244 | NS      | $2062936.68   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                  | Occidental Petroleum Corp.                                                 | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     33261 | NS      | $1397294.61   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc                        | Alexandria Real Estate Equities, Inc.                                      | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |     16130 | NS      | $1171521.90   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                                   | Constellation Brands, Inc.                                                 | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      8875 | NS      | $1443785.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                                   | Willis Towers Watson PLC                                                   | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      4854 | NS      | $1487751.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                                | NVIDIA Corp.                                                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     53438 | NS      | $8442669.62   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                            | Best Buy Co., Inc.                                                         | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     21204 | NS      | $1423424.52   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                               | Chevron Corp.                                                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16684 | NS      | $2388981.96   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                                        | Williams-Sonoma, Inc.                                                      | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      9872 | NS      | $1612788.64   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                                | Hubbell, Inc.                                                              | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      4744 | NS      | $1937497.04   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                                   | Marsh & McLennan Cos., Inc.                                                | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      8440 | NS      | $1845321.60   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                             | Public Storage                                                             | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |      5764 | NS      | $1691272.88   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                           | Exxon Mobil Corp.                                                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     32744 | NS      | $3529803.20   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                                     | Franklin Resources, Inc.                                                   | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     77812 | NS      | $1855816.20   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                                             | Hershey Co.                                                                | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      9374 | NS      | $1555615.30   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                       | Bank of America Corp.                                                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     66754 | NS      | $3158799.28   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                                          | Hormel Foods Corp.                                                         | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     49873 | NS      | $1508658.25   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                                 | U.S. Bancorp                                                               | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     42588 | NS      | $1927107.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                                 | FedEx Corp.                                                                | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      7151 | NS      | $1625493.81   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                        | Synchrony Financial                                                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     29880 | NS      | $1994191.20   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                    | SBA Communications Corp.                                                   | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      7340 | NS      | $1723725.60   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                                       | Parker-Hannifin Corp.                                                      | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      3036 | NS      | $2120554.92   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                                  | Cincinnati Financial Corp.                                                 | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |     10830 | NS      | $1612803.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                                  | AvalonBay Communities, Inc.                                                | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |      7579 | NS      | $1542326.50   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                                 | Deere & Co.                                                                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      4420 | NS      | $2247525.80   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                                | MetLife, Inc.                                                              | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     21238 | NS      | $1707959.96   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                                    | Illinois Tool Works, Inc.                                                  | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      7312 | NS      | $1807892.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                        | Avery Dennison Corp.                                                       | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      8713 | NS      | $1528870.11   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                          | Allstate Corp.                                                             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      8340 | NS      | $1678925.40   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                                     | Skyworks Solutions, Inc.                                                   | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     23688 | NS      | $1765229.76   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                                           | Altria Group, Inc.                                                         | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     33469 | NS      | $1962287.47   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                                        | VICI Properties, Inc.                                                      | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     50820 | NS      | $1656732.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                               | Citizens Financial Group, Inc.                                             | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     38652 | NS      | $1729677.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                            | Caterpillar, Inc.                                                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      6713 | NS      | $2606053.73   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                               | QUALCOMM, Inc.                                                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     14861 | NS      | $2366762.86   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                                   | Ameriprise Financial, Inc.                                                 | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      3505 | NS      | $1870723.65   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                      | Northrop Grumman Corp.                                                     | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3516 | NS      | $1757929.68   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The                           | Hartford Insurance Group, Inc.                                             | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     13379 | NS      | $1697393.73   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                                     | Regions Financial Corp.                                                    | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     72960 | NS      | $1716019.20   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                                 | Humana, Inc.                                                               | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      6122 | NS      | $1496706.56   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                  | Apple, Inc.                                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     39312 | NS      | $8065643.04   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                                    | Cboe Global Markets, Inc.                                                  | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      7123 | NS      | $1661154.83   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                              | Automatic Data Processing, Inc.                                            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      6854 | NS      | $2113773.60   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc                      | Mid-America Apartment Communities, Inc.                                    | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |      9376 | NS      | $1387741.76   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                                   | Prudential Financial, Inc.                                                 | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     15033 | NS      | $1615145.52   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                                 | Nasdaq, Inc.                                                               | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     21585 | NS      | $1930130.70   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                        | Fifth Third Bancorp                                                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     41049 | NS      | $1688345.37   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                            | T-Mobile U.S., Inc.                                                        | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      7811 | NS      | $1861048.86   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                                        | Kimberly-Clark Corp.                                                       | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     11989 | NS      | $1545621.88   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/The                           | Interpublic Group of Cos., Inc.                                            | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |     57745 | NS      | $1413597.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                                      | Travelers Cos., Inc.                                                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      6740 | NS      | $1803219.60   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                       | Las Vegas Sands Corp.                                                      | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     40191 | NS      | $1748710.41   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                             | Merck & Co., Inc.                                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     28444 | NS      | $2251627.04   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                                  | Healthpeak Properties, Inc.                                                | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |     76209 | NS      | $1334419.59   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc                         | Broadridge Financial Solutions, Inc.                                       | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      6721 | NS      | $1633404.63   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                             | Halliburton Co.                                                            | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     62754 | NS      | $1278926.52   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                                     | HP, Inc.                                                                   | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     57120 | NS      | $1397155.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional U.S. Government Money Market Fund Premier Class | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1106926 | NS      | $1106925.81   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                    | Bristol-Myers Squibb Co.                                                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     34248 | NS      | $1585339.92   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                                 | Capital One Financial Corp.                                                | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     10352 | NS      | $2202491.52   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                           | American International Group, Inc.                                         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     20326 | NS      | $1739702.34   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                             | ConocoPhillips                                                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     20459 | NS      | $1835990.66   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-17

**Name of Applicant:** Principal Exchange-Traded Funds

**Signature:** Megan Hoffmann

**Name of Signer:** Megan Hoffmann

**Title:** Vice President and Controller