Principal Spectrum Tax-Advantaged Dividend Active ETF

Principal Spectrum Preferred and Income ETF is an actively managed exchange-traded fund that seeks current income through a diversified portfolio of dividend-paying securities with favorable U.S. federal tax treatment. It focuses on preferred securities, capital securities, and other income-oriented instruments from U.S. and non-U.S. issuers, with exposure that often centers on the financial sector because of the preferred securities market. The fund may also include REIT-related securities, junior subordinated debt, corporate bonds, and contingent convertible securities, allowing it to blend income potential across different parts of the fixed income and capital markets. Principal Spectrum Preferred and Income ETF is designed for investors looking for broad access to preferred and tax-advantaged income assets within a single managed vehicle.