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Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities 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. It invests in fixed income markets of global region. It benchmarks the performance of its portfolio against the Bloomberg Global Aggregate Bond Index and the ICE BofA Merrill Lynch U.S. Investment Grade Institutional Capital Securities Index. Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF was formed on July 10, 2017 and is domiciled in the United States.