Principal Asset Management® Launches Fixed Income ETF Suite

(DES MOINES, Iowa) - Principal Asset Management^® today announced the launch of Principal^® Fit, a fixed income exchange-traded fund (ETF) suite that includes four newly launched exchange-traded funds, expanding the firm's lineup and enhancing fixed income capabilities for investors. The suite and newly launched ETFs are designed to support more precise and flexible portfolio positioning as investors navigate evolving interest rates, credit, and inflation dynamics.

As fixed income markets grow more complex, there is an increasing need for more precise ways to align portfolio allocations with market views and desired outcomes across distinct market environments. The cohesive new suite of ETFs is designed to help simplify the process by providing targeted exposure across key segments of the fixed income market, including inflation protection, securitized credit, long duration, and collateralized loan obligations. Additionally, each ETF can serve a distinct role within a broader portfolio, with exposures aligned to different interest rates, credit, and inflation conditions, and can be used independently or in combination as conditions evolve.

"Principal Fit is designed to help investors navigate rapidly changing market environments and simplify how they make allocation decisions across fixed income," said Michael Goosay, chief investment officer and global head of fixed income at Principal Asset Management. "In this environment, broad exposure is often less effective than more targeted approaches, and this lineup providing more precise tools to support portfolio decisions as market conditions shift."

Together with the Principal Investment Grade Corporate ETF (IG), the five ETFs in the suite form a flexible set of solutions that can be used across portfolios to support income generation, diversification, and portfolio positioning across duration, credit, and inflation expectations. The newly launched ETFs include:

• The Principal Inflation Protection ETF (RIZE), which focuses on helping investors manage inflation risk by providing exposure to securities sensitive to changes in price levels.
• The Principal Securitized Debt ETF (WDE) which provides access to securitized sectors of the fixed income market, offering diversified exposure across structured credit.
• The Principal Long Duration ETF (DWWN) providing exposure to longer-duration bonds, supporting positioning around changes in interest rates.
• The Principal CLO ETF (UUPP) offers exposure to collateralized loan obligations and seeks to deliver income through floating-rate credit instruments.

Principal Asset Management offers 16 ETFs and approximately $10.4 billion in assets under management across its ETF platform. The funds are listed on Cboe BZX Exchange and trade under the tickers UUPP, DWWN, IG, WDE, and RIZE.

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets. Principal Asset Management is the global investment solutions business for Principal Financial Group^® (Nasdaq: PFG), managing $578.0 billion in assets and recognized as a "Best Places to Work in Money Management" for 14 consecutive years.

Learn more at www.PrincipalAM.com.