# EDGAR Filing Document

**Accession Number:** 0001572661
**File Stem:** 0001572661-23-000031
**Filing Date:** 2023-3
**Character Count:** 4039
**Document Hash:** b091dbdc31d571ec89973159a1c1b735
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001572661-23-000031.hdr.sgml**: 20230320

**ACCESSION NUMBER**: 0001572661-23-000031

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20230320

**DATE AS OF CHANGE**: 20230320

**EFFECTIVENESS DATE**: 20230320

**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:** 23745195

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

---

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

---

## Series and Classes Contracts Data

### 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            |

?xml version="1.0" ? ck0001572661-20220630

**Principal Exchange-Traded Funds** 

**Supplement dated March 20, 2023**

**to the Prospectus dated November 1, 2022**

**(as previously supplemented)**

This supplement updates information currently in the Prospectus. Please retain this supplement for future reference.

**SUMMARY FOR PRINCIPAL SPECTRUM TAX-ADVANTAGED DIVIDEND ACTIVE ETF**

*Under* **Principal Investment Strategies***, add the following paragraph to the end of the section:*

The Fund also invests in derivative instruments, such as futures and options, for hedging and for income generation purposes. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index.

*Under* **Principal Risks***, add the following to list of risks in alphabetical order:*

**Derivatives Risk.** Derivatives may not move in the direction anticipated by the portfolio manager. Transactions in derivatives may increase volatility, cause the liquidation of portfolio positions when not advantageous to do so, and result in disproportionate losses that may be substantially greater than a fund's initial investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Futures.** Futures contracts involve specific risks, including: the imperfect correlation between the change in market value of the instruments held by the fund and the price of the futures contract; possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired; counterparty risk; and if the fund has insufficient cash, it may have to sell securities from its portfolio to meet daily variation margin requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Options.** Options involve specific risks, including: imperfect correlation between the change in market value of the instruments held by the Fund and the price of the options, counterparty risk, difference in trading hours for the options markets and the markets for the underlying securities (rate movements can take place in the underlying markets that cannot be reflected in the options markets), and an insufficient liquid secondary market for particular options.

**ADDITIONAL INFORMATION ABOUT INVESTMENT STRATEGIES AND RISKS**

*Under* **Strategy and Risk Table***, in the* **Principal Spectrum Tax-Advantaged Dividend Active ETF** *column, delete* Non-Principal *in the* Derivatives *row and replace with* Principal*.*