# EDGAR Filing Document

**Accession Number:** 0001572661
**File Stem:** 0001572661-25-000125
**Filing Date:** 2025-9
**Character Count:** 14009
**Document Hash:** 41ac3c433648707a060ee6e78b55c6f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001572661-25-000125.hdr.sgml**: 20250915

**ACCESSION NUMBER**: 0001572661-25-000125

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250915

**DATE AS OF CHANGE**: 20250915

**EFFECTIVENESS DATE**: 20250915

**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:** 251313792

**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 Tax-Advantaged Dividend Active ETF (Series ID: S000068805)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                            | Ticker Symbol | Class ID   |
| 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 Tax-Advantaged Dividend Active ETF (Series ID: S000068805)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000219817 | 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            |

**Principal Exchange-Traded Funds**

**Supplement dated September 15, 2025**

**to the Statement of Additional Information dated November 1, 2024** 

**as amended and restated March 24, 2025 and June 9, 2025**

**(as previously supplemented)**

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

*On September 10, 2025, the Principal Exchange-Traded Funds' (the "Registrant") Board of Trustees (the "Board") elected Ms. Sharmila C. Kassam as an Independent Board Member. Additionally, on that date, Ms. Elizabeth A. Nickels retired from the Board. As such, the changes set forth below are being made to the Registrant's SAI.*

**LEADERSHIP STRUCTURE AND BOARD**

*Delete all references to Elizabeth A. Nickels.*

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

---

| |
|:---|
| **Committee Members** |
| <u>Audit Committee</u> |
| Victor L. Hymes, Chair<br>Craig Damos<br>Frances P. Grieb<br>Sharmila C. Kassam |
| <u>Nominating and Governance Committee</u>  |
| Karen McMillan, Chair<br>Craig Damos<br>Victor L. Hymes<br>Thomas A. Swank |

---

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

**Sharmila C. Kassam.** Ms. Kassam has served as an Independent Board Member of the Principal Funds since 2025. She is the Founder of Aligned Capital Investing, LLC, a consulting services firm working with asset owners on strategy and governance. Ms. Kassam previously served as Vice President and Head of Asset Owner Solutions at Nasdaq, Inc. Prior to her time at Nasdaq, Ms. Kassam had served as Deputy Chief Investment Officer at a multi-billion dollar pension and helped manage their 401(k) plan. She has also worked in various executive leadership and financial roles in the financial services and venture industry. Ms. Kassam is a licensed Certified Public Accountant. Additionally, Ms. Kassam has extensive experience as a board member for public companies, private equity and other private market fund boards, as well as multiple non-profit organizations, including Daya, the Texas Housing Conservancy, and YMCA Austin. She is also faculty for the Institutional Limited Partner Association Institute. Through her education, employment experience, and experience as a board member, Ms. Kassam is experienced in financial, regulatory, accounting, 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** |
| Sharmila C. Kassam<br>711 High Street<br>Des Moines, IA 50392<br>1973 | Director, PFI and PVC (since 2025)<br>Trustee, PETF <br>(since 2025) | Founder and Consultant, Aligned Capital Investing, LLC (consulting services);<br>Vice President and Head of Asset Owner Solutions, Nasdaq, Inc. (financial services) from 2021-2023; Deputy Chief Investment Officer, Texas Employees Retirement Fund from 2014-2019. | 125 | Calamos Aksia Private Market Funds (2023-2025), Greenbacker Energy (GREC II Fund) (2022-2025), <br>GRIID Infrastructure (2024-2024), <br>Foundation Credit Opportunities (2019-2023) |

---

*Under* **Additional Information Regarding Board Members and Officers**, *in the* **PRINCIPAL FUNDS OFFICERS** *table, delete the rows for* Megan Hoffmann, Gina L. Graham, Ann Meiners, Tara Parks, Dan L. Westholm, and Jared Yepsen, *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** |
| Megan Hoffmann<br>711 High Street<br>Des Moines, IA 50392 <br>1979 | Vice President and Treasurer (since 2025)<br>Vice President and Controller <br>&nbsp;&nbsp;&nbsp;&nbsp;(2021-2025) | <u>Principal Financial Group\*</u><br>Senior Director – Fund Accounting and Administration (since 2025)<br>Senior Director – Fund Administration (2024)<br>Director – Accounting (2020-2024) |
| Ann Meiners<br>711 High Street<br>Des Moines, IA 50392 <br>1977 | Vice President and Assistant Treasurer <br>&nbsp;&nbsp;&nbsp;&nbsp;(since 2025)<br>Vice President and Assistant Controller <br>&nbsp;&nbsp;&nbsp;&nbsp;(2025) | <u>Principal Financial Group\*</u><br>Director – Fund Accounting (since 2024)<br>Assistant Director – Fund Accounting (2017-2024) |
| Tara Parks<br>711 High Street<br>Des Moines, IA 50392<br>1983 | Vice President and Assistant Treasurer <br>&nbsp;&nbsp;&nbsp;&nbsp;(since 2025)<br>Vice President and Assistant Controller <br>&nbsp;&nbsp;&nbsp;&nbsp;(2021-2025) | <u>Principal Financial Group\*</u><br>Senior Director – Fund Tax (since 2024)<br>Director – Accounting (2019-2024) |
| Brant K. Wong<br>711 High Street<br>Des Moines, IA 50392<br>1976 | Vice President (since 2025) | <u>Principal Financial Group\*</u><br>Head of Retirement Solutions (since 2025)<br><u>J.P. Morgan Asset Management</u><br>Head of Retirement Platforms and Strategy (2022-2025)<br>Head of Retirement Service, Product and National Accounts (2019-2022) |
| Jared A. Yepsen<br>711 High Street<br>Des Moines, IA 50392<br>1981 | Tax Counsel (since 2025)<br>Assistant Tax Counsel (2017-2025) | <u>Principal Financial Group\*</u><br>Assistant General Counsel (since 2023)<br>Counsel (2015-2023) |

---

------

*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** | **Kassam**<sup>(1)</sup> |
| Principal Active High Yield ETF | A |
| Principal Investment Grade ETF | A |
| Principal Spectrum Preferred Securities Active ETF | A |
| Principal U.S. Mega-Cap ETF | A |
| Principal U.S. Small Cap ETF | A |
| **Aggregate Dollar Range of Equity Securities in All Registered Companies Overseen by Director in Family of Investment Companies** | **A** |

---

<sup>(1)</sup> Appointment effective September 10, 2025.

*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> |
| Sharmila C. Kassam<sup>(3)</sup> | $0 | $0 |

---

<sup>(3)</sup> Ms. Kassam was elected to the Board effective September 10, 2025.