# EDGAR Filing Document

**Accession Number:** 0001572661
**File Stem:** 0001752724-23-030723
**Filing Date:** 2023-2
**Character Count:** 19865
**Document Hash:** a5b38df256bd5faf42b2bc39a13334f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-030723.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-030723

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20230630

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23029
- **FILM NUMBER:** 23646624

**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 Ultra-Short Active Income ETF (Series ID: S000065179)

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

## 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 Ultra-Short Active Income ETF

- **b. EDGAR series identifier (if any):** S000065179

- **c. LEI of Series:** 549300TEXG2UQ40FVL50

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $7249461.73

**Total Liabilities:** $26920.27

**Net Assets:** $7222541.46

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 173.05000000 | **1-Year:** 344.19000000 | **5-Year:** 192.04000000 | **10-Year:** 17.97000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211001 | 0.15%                | 0.51%                | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1866.06                | $-9747.87                                  |
| Month 2  | $-2010.00                | $18387.19                                  |
| Month 3  | $52.15                   | $12126.45                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ROYAL BANK OF CANADA                              | Royal Bank of Canada                                                           | CUSIP: 78016EZV2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $247211.43    | 3.42%             | 2024-07-29      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| World OMNI Select Auto Trust                      | World Omni Select Auto Trust                                                   | CUSIP: 98163HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11717 | PA      | $11693.57     | 0.16%             | 2025-02-18      | Fixed         | 0.29%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust             | Westlake Automobile Receivables Trust                                          | CUSIP: 96042WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127767 | PA      | $126398.18    | 1.75%             | 2024-12-16      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                           | American Electric Power Co., Inc.                                              | CUSIP: 025537AK7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192837.01    | 2.67%             | 2024-03-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                               | PFS Financing Corp.                                                            | CUSIP: 69335PEH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199001.92    | 2.76%             | 2026-02-15      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XVIII Ltd.                                                | CUSIP: 55819BAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246460.00    | 3.41%             | 2030-10-21      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                            | Bank of New York Mellon Corp.                                                  | CUSIP: 06406RAT4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248275.49    | 3.44%             | 2024-04-26      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust            | Santander Drive Auto Receivables Trust                                         | CUSIP: 80287HAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99495.28     | 1.38%             | 2025-01-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                          | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                        | CUSIP: 00774MBA2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $147253.63    | 2.04%             | 2023-09-29      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                            | U.S. Treasury Bills                                                            | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $497513.54    | 6.89%             | 2023-02-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit          | Ford Credit Auto Owner Trust                                                   | CUSIP: 34528HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $98640.21     | 1.37%             | 2030-01-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                            | ConocoPhillips Co.                                                             | CUSIP: 20826FAT3<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241552.01    | 3.34%             | 2024-03-08      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                          | Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC | CUSIP: 85208NAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    112500 | PA      | $111173.99    | 1.54%             | 2025-03-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| TCI-Flatiron CLO Ltd                              | TCI-Flatiron CLO Ltd.                                                          | CUSIP: 87230AAW6<br>LEI: 549300EEOTVLW827QY91 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $245080.75    | 3.39%             | 2032-01-17      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr | GM Financial Consumer Automobile Receivables Trust                             | CUSIP: 36265WAC7<br>LEI: 549300RO0W90UZB1HD05 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250289.58    | 3.47%             | 2025-09-16      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                             | Wells Fargo & Co.                                                              | CUSIP: 95000U2R3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98384.27     | 1.36%             | 2024-06-02      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                 | Kinder Morgan, Inc.                                                            | CUSIP: 49456BAN1<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249995.29    | 3.46%             | 2023-01-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                  | NTT Finance Corp.                                                              | CUSIP: 62954WAA3<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $198867.59    | 2.75%             | 2023-03-03      | Fixed         | 0.37%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                    | CPS Auto Receivables Trust                                                     | CUSIP: 12659WAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60434 | PA      | $59503.81     | 0.82%             | 2029-04-16      | Fixed         | 0.98%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                          | Florida Power & Light Co.                                                      | CUSIP: 341081GD3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99832.55     | 1.38%             | 2023-05-10      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                    | CPS Auto Receivables Trust                                                     | CUSIP: 12664DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77726 | PA      | $77039.68     | 1.07%             | 2030-04-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                               | Dominion Energy, Inc.                                                          | CUSIP: 25746UDH9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149703.42    | 2.07%             | 2023-09-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE NEW YORK                            | Credit Suisse AG                                                               | CUSIP: 22550UAD3<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $243927.80    | 3.38%             | 2023-08-09      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                     | Citigroup, Inc.                                                                | CUSIP: 172967GT2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199034.31    | 2.76%             | 2023-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Trust       | Navistar Financial Dealer Note Master Owner Trust II                           | CUSIP: 63938PBR9<br>LEI: 549300S28N49H5RT4J50 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200521.96    | 2.78%             | 2027-05-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                  | Black Hills Corp.                                                              | CUSIP: 092113AU3<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    250000 | PA      | $233148.79    | 3.23%             | 2024-08-23      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                          | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VAA1<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99689.50     | 1.38%             | 2024-03-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| PERKINELMER INC                                   | PerkinElmer, Inc.                                                              | CUSIP: 714046AK5<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242165.67    | 3.35%             | 2023-09-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                               | American Express Co.                                                           | CUSIP: 025816CU1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199784.03    | 2.77%             | 2024-05-03      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                             | Toronto-Dominion Bank                                                          | CUSIP: 89114QCN6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200004.88    | 2.77%             | 2023-01-06      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust             | Westlake Automobile Receivables Trust                                          | CUSIP: 96042VAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39827 | PA      | $39623.37     | 0.55%             | 2025-08-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                               | Gilead Sciences, Inc.                                                          | CUSIP: 375558BW2<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    188000 | PA      | $182135.00    | 2.52%             | 2023-09-29      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                  | Bank of Montreal                                                               | CUSIP: 06368FAH2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $199059.55    | 2.76%             | 2024-03-08      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance Plc              | Trafigura Securitisation Finance PLC                                           | CUSIP: 892725AN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    250000 | PA      | $242764.00    | 3.36%             | 2025-01-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                               | Citizens Bank NA                                                               | CUSIP: 75524KNQ3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244629.56    | 3.39%             | 2025-05-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                            | NextEra Energy Capital Holdings, Inc.                                          | CUSIP: 65339KBX7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199180.78    | 2.76%             | 2023-11-03      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                      | State Street Institutional U.S. Government Money Market Fund                   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    596585 | NS      | $596584.56    | 8.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

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

**Signature:** Megan Hoffmann

**Name of Signer:** Megan Hoffmann

**Title:** Vice President and Controller