USI

Fund Description
The Fund seeks to provide current income. 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 bonds and other debt securities. "Investment grade securities are rated at the time of purchase BBB- or higher by S&P Global Ratings ("S&P Global") or Baa3 or higher by Moodys Investors Service, Inc. ("Moodys") or, if unrated, of comparable quality in the opinion of those selecting such investments. If the security has been rated by only one of those agencies, that rating will determine whether the security is investment grade.
Fund Profile
Fund Name Principal Ultra-Short Active Income ETF
Fund Exchange Ticker USI
Fund Sponsor Principal Financial Services
Fund ISIN US74255Y8131
Net Expense Ratio 0.18 %
Fund Inception Date 24 April 2019
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Broad Market
Credit Quality Investment Grade Only
Average Maturity <1 year
Bond Currency Denomination USD
Key Statistics
Return As of Date 26 November 2021
Asset Under Management 8.60 Million (USD)
1 Month Total Return -0.11 %
Year To Date Return -0.22 %
1 Year Total Return -0.32 %
3 Year Annualized Total Return
NAV 24.58
Share Outstanding 350,001
Top 10 Holdings (26 November 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
SUNCOR ENERGY INC SR UNSECURED 05/23 2.8 BOND 0.04779032356633021
TRUIST BANK SR UNSECURED 08/22 2.45 BOND 0.04119208379627648
STATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM GVMXX MMKT 0.03920146373513433
MUFG UNION BANK NA SR UNSECURED 12/22 VAR BOND 0.03508129705685411
TREASURY BILL 12/21 0.00000 B 0 12/30/21 BILL 0.03488640074241909
FIFTH THIRD BANCORP SR UNSECURED 06/22 2.6 BOND 0.03276278766863713
ONEOK PARTNERS LP COMPANY GUAR 09/23 5 BOND 0.030687039519180444
CITIGROUP INC SR UNSECURED 09/23 VAR BOND 0.029337146775826748
SIEMENS FINANCIERINGSMAT COMPANY GUAR 144A 03/24 VAR BOND 0.02924340679246086
MET LIFE GLOB FUNDING I SECURED 144A 06/23 0.9 BOND 0.0291749175133968