Principal Capital Appreciation Series 3 ETF

The Principal Capital Appreciation Series 3 ETF is an actively managed exchange-traded fund focused on delivering long-term capital growth by investing primarily in equity securities of U.S. companies. Managed by experienced portfolio leaders from Principal Asset Management, the fund employs a flexible, high-conviction strategy that spans companies of all market capitalizations, with a tendency toward large-cap firms typically valued at over $10 billion at the time of purchase. Selectivity is driven by rigorous fundamental analysis that emphasizes quality, competitive advantage, strong management teams, and steady cash flow growth. The ETF blends exposure to both growth and value stocks across diverse sectors, enabling a balanced approach without making explicit bets on market styles. As part of Principal’s suite of actively managed ETFs, the fund is designed to serve as a core U.S. equity holding for investors seeking a disciplined, quality-focused allocation, while benefiting from active oversight that aims to navigate shifting market cycles and mitigate downside risk. The ETF’s strategy supports portfolio diversification and is benchmarked to the Russell 1000® Index, reflecting its focus on large and mid-cap U.S. equities.