YLD – Principal Active High Yield ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide a high level of current income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in below-investment-grade (commonly known as "junk" or "high yield") fixed-income securities, such as bonds and bank loans. The fund invests in U.S. treasury securities, investment grade bank loans (also known as senior floating rate interests), and preferred securities.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
YLD	Principal Active High Yield ETF	ETF	Open			Jul 8, 2015	$608.89M	0.390%	—	—	$203.63M

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