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Principal Exchange-Traded Funds - Principal Spectrum Tax-Advantaged Dividend Active ETF is an exchange traded fund launched by Principal Financial Services, Inc. The fund is co-managed by Principal Global Investors, LLC and Spectrum Asset Management, Inc. The fund invests in the public equity and fixed income markets of global region. For its equity portion, the fund invests directly and through derivatives in stocks of companies operating in financial services sector. The fund uses derivative such as futures and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. It invests in dividend paying stocks of companies. For its fixed income portion, the fund invests in investment grade and in below investment grade corporate debt securities. It invests in securities of any maturity. The fund seeks to benchmarks the performance of its portfolio against the Bloomberg Global Aggregate Bond Index and the ICE BofA Merrill Lynch 7% Constrained DRD Eligible Preferred Securities Index. Principal Exchange-Traded Funds - Principal Spectrum Tax-Advantaged Dividend Active ETF was formed on June 16, 2020 and is domiciled in the United States.