Principal Exchange-Traded Funds - Principal CLO ETF
UUPP
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- Principal Exchange-Traded Funds—Principal CLO ETF (Cboe BZX: UUPP)—is a U.S.-domiciled, actively managed fixed-income exchange-traded fund that provides investors with exposure to collateralized loan obligations and other floating-rate credit instruments. The Fund seeks to generate income and facilitate portfolio positioning in rising-interest-rate environments through investments in CLO debt securities, including securitized credit instruments, and may use derivatives as part of its investment strategy. UUPP is designed for financial professionals, institutional investors, advisers and other investors seeking liquid ETF access to floating-rate CLO exposure; its shares trade on the Cboe BZX Exchange. The Fund is a series of Principal Exchange-Traded Funds, which is organized in Delaware and headquartered at 711 High Street, Des Moines, Iowa. Principal Global Investors, LLC, doing business as Principal Asset Management, serves as the investment adviser; Principal Asset Management is the global investment-solutions business of Principal Financial Group, Inc., a Des Moines-based financial services group founded in 1879. Principal Asset Management provides public- and private-market investment capabilities across fixed income, equities, real estate and alternative assets to institutional and other investment clients in more than 80 markets. UUPP was established in 2026 and represents a recent expansion of Principal’s actively managed ETF business. In June 2026, Principal Asset Management launched the Principal Fit fixed-income ETF suite, adding UUPP alongside the Principal Inflation Protection ETF, Principal Securitized Debt ETF and Principal Long Duration ETF; the suite complements the existing Principal Investment Grade Corporate ETF and is intended to offer targeted tools for interest-rate, credit-spread and inflation-related portfolio positioning.