Principal Exchange-Traded Funds - Principal Investment Grade Corporate Active ETF is an exchange traded fund launched by Principal Financial Services, Inc. The fund is managed by Principal Global Investors, LLC. It invests in fixed income markets of global region. The fund invests in corporate bonds, securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, and securities issued or guaranteed by foreign governments payable in U.S. dollars It invests in investment grade securities rated as BBB- or higher by S&P or Baa3 or higher by Moody's. It invests in derivatives such as futures and swaps to create its portfolio. The fund invests in securities with varying maturities. It seeks to benchmark the performance of its portfolio against the Bloomberg U.S. Aggregate Bond Index and the Bloomberg U.S. Corporate Investment Grade Bond Index. Principal Exchange-Traded Funds - Principal Investment Grade Corporate Active ETF was formed on April 18, 2018 and is domiciled in the United States.