The investment seeks to provide current income and, as a secondary objective, capital appreciation. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in investment grade corporate bonds and other fixed income securities at the time of purchase. "Investment grade" securities are rated BBB- or higher by S&P Global Ratings ("S&P Global") or Baa3 or higher by Moody's Investors Service, Inc. ("Moody's") or, if unrated, of comparable quality in the opinion of those selecting such investments.
Main Phone: | 515-235-9328 |
Address: | Principal Exchange-Traded Funds |
Address 2: | 655 9th Street |
State: | IA |
City / Town: | Des Moines |
Country: | US |
Postal Code: | 50392 |
Exchange: | ARCA |
NAICS: | Sales Financing(522220) |
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