Principal International Multi-Factor ETF
PDEV
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 711 High Street Des Moines IA United States of America 50392
- IPO Date
- Jul 23, 2019
- CIK
- 0001572661
- Similar Companies
- Business
- Principal International Multi-Factor ETF (PDEV) is an exchange-traded fund that seeks to provide investment results closely corresponding, before expenses, to the performance of the Nasdaq Developed Select Leaders Core Index, offering broad exposure to developed international equities excluding the United States through a multi-factor investment approach incorporating value, growth, momentum, and quality factors with modified weighting to enhance risk-adjusted returns. The fund invests primarily in equity securities of large-cap companies across diversified sectors in developed markets such as Europe, Japan, Australia, and Canada; it employs a rules-based quantitative model for security selection and portfolio construction, targeting approximately 200-300 holdings with an expense ratio of 0.25% and a focus on institutional-grade international diversification for long-term investors. PDEV trades on the NYSE Arca exchange and distributes dividends quarterly, appealing to investors seeking foreign large-blend exposure beyond traditional market-cap weighting. Launched on July 23, 2019, and issued by Principal Exchange-Traded Funds, a division of Principal Funds, Inc., which operates under Principal Financial Group, Inc. (Nasdaq: PFG), the ETF is headquartered in Des Moines, Iowa, the global base of Principal Financial Group founded in 1879. Principal Financial Group, a leading global investment management firm with approximately $600 billion in assets under management, provides a suite of ETFs including multi-factor strategies like PDEV alongside offerings such as Principal U.S. Large-Cap Multi-Factor ETF (PXML) and Principal SmallCap Multi-Factor ETF (PSCM); the firm expanded its ETF lineup in recent years, including the debut of Principal International Equity ETF (PIEQ) in late 2024 and ongoing reviews of its exchange-traded products. In September 2020, the fund underwent a significant name change from Principal International Multi-Factor Core Index ETF to its current designation, reflecting a standardization of Principal's multi-factor ETF branding originally developed in partnership with RobustWealth, Principal's digital wealth management platform. Principal Financial Group continues to evolve its ETF offerings, announcing in December 2025 a name simplification and exchange transfer for another ETF (Principal Investment Grade Corporate Active ETF to Principal Investment Grade Corporate ETF, moving to Cboe BZX effective April 2026), signaling broader strategic refinements in product lineup and listing efficiency amid growing active and smart beta ETF flows. No major acquisitions, funding rounds, or new product launches specific to PDEV were reported in 2024-2025, with the ETF maintaining stable operations and assets under management around $79 million as of late 2025.