# EDGAR Filing Document

**Accession Number:** 0001572661
**File Stem:** 0001572661-23-000003
**Filing Date:** 2023-1
**Character Count:** 14224
**Document Hash:** 8126af734363968f8d39bedb6b0a611e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001572661-23-000003.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001572661-23-000003

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**EFFECTIVENESS DATE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Principal Exchange-Traded Funds
- **CENTRAL INDEX KEY:** 0001572661
- **IRS NUMBER:** 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:** 23525324

**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 Healthcare Innovators ETF (Series ID: S000054611)

---

|  |  |  |
|:---|:---|:---|
| Class Name                          | Ticker Symbol | Class ID   |
| Principal Healthcare Innovators ETF | BTEC          | C000171494 |

---

### Principal Millennial Global Growth ETF (Series ID: S000054612)

---

|  |  |  |
|:---|:---|:---|
| Class Name                             | Ticker Symbol | Class ID   |
| Principal Millennial Global Growth ETF | GENY          | C000171495 |

---

### 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 Multi-Factor ETF (Series ID: S000055159)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                | Ticker Symbol | Class ID   |
| Principal U.S. Small-Cap Multi-Factor 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 Ultra-Short Active Income ETF (Series ID: S000065179)

---

|  |  |  |
|:---|:---|:---|
| Class Name                              | Ticker Symbol | Class ID   |
| Principal Ultra-Short Active Income ETF | USI           | C000211001 |

---

### Principal Spectrum Tax-Advantaged Dividend Active ETF (Series ID: S000068805)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                            | Ticker Symbol | Class ID   |
| Principal Spectrum Tax-Advantaged Dividend Active ETF | PQDI          | C000219817 |

---

### Principal International Adaptive Multi-Factor ETF (Series ID: S000071620)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                        | Ticker Symbol | Class ID   |
| Principal International Adaptive Multi-Factor ETF | PXUS          | C000226996 |

---

### Principal U.S. Large-Cap Adaptive Multi-Factor ETF (Series ID: S000071621)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                         | Ticker Symbol | Class ID   |
| Principal U.S. Large-Cap Adaptive Multi-Factor ETF | PLRG          | C000226997 |

---

### Principal U.S. Small-Cap Adaptive Multi-Factor ETF (Series ID: S000071622)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                         | Ticker Symbol | Class ID   |
| Principal U.S. Small-Cap Adaptive Multi-Factor ETF | PLTL          | C000226998 |

---

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

---

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

---

## 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 Healthcare Innovators ETF (Series ID: S000054611)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000171494 | Principal Healthcare Innovators ETF | BTEC            |

### Principal Millennial Global Growth ETF (Series ID: S000054612)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000171495 | Principal Millennial Global Growth ETF | GENY            |

### 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 Multi-Factor ETF (Series ID: S000055159)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000173454 | Principal U.S. Small-Cap Multi-Factor 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 Ultra-Short Active Income ETF (Series ID: S000065179)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000211001 | Principal Ultra-Short Active Income ETF | USI             |

### Principal Spectrum Tax-Advantaged Dividend Active ETF (Series ID: S000068805)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000219817 | Principal Spectrum Tax-Advantaged Dividend Active ETF | PQDI            |

### Principal International Adaptive Multi-Factor ETF (Series ID: S000071620)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000226996 | Principal International Adaptive Multi-Factor ETF | PXUS            |

### Principal U.S. Large-Cap Adaptive Multi-Factor ETF (Series ID: S000071621)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000226997 | Principal U.S. Large-Cap Adaptive Multi-Factor ETF | PLRG            |

### Principal U.S. Small-Cap Adaptive Multi-Factor ETF (Series ID: S000071622)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000226998 | Principal U.S. Small-Cap Adaptive Multi-Factor ETF | PLTL            |

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

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

**Principal Exchange-Traded Funds**

**Supplement dated January 12, 2023**

**to the Statement of Additional Information dated November 1, 2022**

**(as previously supplemented)**

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

On December 13, 2022 the Funds' Board elected Katharin (Kathy) S. Dyer and Frances P. Grieb as Independent Board Members effective January 26, 2023.

**LEADERSHIP STRUCTURE AND BOARD**

*In the* **Committee** *table, delete the members of the* <u>Audit Committee</u> and <u>Operations Committee</u> *and replace with the following:*

---

| |
|:---|
| **Committee and Independent Board Members** |
| <u>Audit Committee</u><br>Victor Hymes, Chair<br>Leroy T. Barnes, Jr.<br>Frances P. Grieb<br>Elizabeth A. Nickels<br>Meg VanDeWeghe |
| <u>Operations Committee</u><br>Padel L. Lattimer, Chair<br>Craig Damos<br>Katharin S. Dyer<br>Karrie McMillan |

---

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

**Katharin ("Kathy") S. Dyer.** Ms. Dyer has served as an Independent Board Member of the Fund Complex since January 2023. She is the founder and Chief Executive Officer of PivotWise, a firm providing strategic advice focused on digital transformation. Ms. Dyer currently serves as a director of Liquidity Services and the Grameen Foundation. She previously served as a director of Providence Health from 2019-2021, Noora Health from 2018-2021, YWCA of Nashville and Middle Tennessee from 2016-2022, and CARE from 2001-2013. She was formerly employed by IBM Global Services as a Global Partner and a member of the senior leadership team from 2016 to 2018. Ms. Dyer was a member of the Global Management Team at American Express Company from 2013 to 2015. Ms. Dyer earned her Bachelor of Arts from the University of Kentucky and her Master of Business Administration from the University of Maryland. Through her education, employment experience, and experience as a board member, Ms. Dyer is experienced with financial, information and digital technology, investment, and regulatory matters.

------

**Frances P. Grieb.** Ms. Grieb has served as an Independent Board Member of the Fund Complex since January 2023. Ms. Grieb currently serves as a director of First Interstate BancSystem, Inc. and the National Advisory Board of the College of Business at the University of Nebraska at Omaha. She is a member of the American Institute of Certified Public Accountants and the National Association of Corporate Directors. From 2014 to 2022, she served as a director of Great Western Bancorp, Inc. Ms. Grieb is a retired partner having served in various leadership roles at Deloitte LLP from 1982 to 2010. Ms. Grieb is a retired Certified Public Accountant. Ms. Grieb earned her Bachelor of Science in Business Administration with an emphasis in Accounting from the University of Nebraska at Omaha. Through her education, employment experience, and experience as a board member, Ms. Grieb is experienced with financial, accounting, investment, and regulatory matters.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **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 Fund Complex** | **Principal Occupation(s)**<br>**During Past 5 Years** | **Number of**<br>**Portfolios**<br>**Overseen**<br>**in Fund**<br>**Complex** | **Other**<br>**Directorships**<br>**Held During**<br>**Past 5 Years** |
| Frances P. Grieb<br>711 High Street<br>Des Moines, IA 50392<br>1960 | Director, PFI and PVC (since 2023)<br>Trustee, PDSRA and PETF (since 2023) | Retired | 131 | First Interstate BancSystems, Inc. (2022-present)<br>Great Western Bancorp, Inc. and Great Western Bank (2014-2022) |
| Katharin S. Dyer<br>711 High Street<br>Des Moines, IA 50392<br>1957 | Director, PFI and PVC (since 2023)<br>Trustee, PDSRA and PETF (since 2023) | Founder and Chief Executive Officer, Pivotwise (consulting services)<br>Global Partner, IBM (technology company) from 2016 – 2018 | 131 | Liquidity Services, Inc |

---

*In the* ***Board Member Ownership of Securities*** *section, add the following columns/rows alphabetically to the* ***Independent Board Members Table****:*

---

| | | |
|:---|:---|:---|
| **Independent Board Members** | **Independent Board Members** | **Independent Board Members** |
| **Fund** | **Dyer**<sup>(1)</sup> | **Grieb**<sup>(1)</sup> |
| Principal Millennial Global Growth ETF | A | A |
| Principal U.S. Mega-Cap ETF | A | A |
| **Total Fund Complex** | A | A |

---

<sup>(1)</sup> Appointment effective January 26, 2023.

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

---

| | | |
|:---|:---|:---|
| **Board Member** | **Funds in this SAI** | **Fund Complex** |
| Katharin ("Kathy") S. Dyer<sup>(1)</sup> | $0 | $0 |
| Frances P. Grieb<sup>(1)</sup> | $0 | $0 |

---

<sup>(1)</sup> Ms. Dyer and Ms. Grieb were both elected to the Board effective January 26, 2023 and therefore did not receive compensation from the Funds or the Fund Complex for the fiscal year ended June 30, 2022.

<br>