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Principal Exchange-Traded Funds - Principal Real Estate Active Opportunities ETF is an exchange traded fund launched by Principal Financial Services, Inc. The fund is co-managed by Principal Global Investors, LLC and Principal Real Estate Investors, LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across financials, diversified financials, mortgage real estate investment trust, real estate, equity real estate investment trusts sectors. It invests in growth and value stocks of small-cap companies. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 3000 Index and the FTSE NAREIT All Equity REITs Index. Principal Exchange-Traded Funds - Principal Real Estate Active Opportunities ETF was formed on May 18, 2022 and is domiciled in the United States.