UUPP

Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.

Issuer

Principal Funds

Inception

2026-05-20

Exchange

CBOE

CUSIP

Structure

—

Benchmark

—

Leverage

1x

Reset

—

UUPP provides exposure to collateralized loan obligations (CLOs) through an actively managed ETF. It primarily targets senior tranches, typically investment grades, with lower risk and yield. The fund also invests in floating rate securities such as US Treasury and government securities, securitized assets including CMOs, CMBS, and ABS, and derivatives such as futures, credit default swaps, and other swaps for hedging, tactical positioning, and duration management. The portfolio duration is usually maintained at less than one year. The construction of the portfolio typically involves a combination of top-down and bottom-up approaches, utilizing fundamental, technical, and valuation methods to assess interest rate trends, economic conditions, market outlook, loan-level performance, and cash flow dynamics in selecting securities. The actively managed ETF is designed to generate current income, with a secondary goal of capital appreciation, during periods of rising US interest rates.

Reported net asset value

$25.14

NAV provider updated

2026-10-30 UTC

Premium / discount

—

Median spread · 30D

—

Average volume · 30D

402.5

Shares outstanding

—

Options

—

TTM distribution yield

1.7%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-10-01

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

0.19%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$19.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

2/5 · rule-based

Annualized volatility · 1Y

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Beta vs VOO · 1Y

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Maximum drawdown · 1Y

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Historical risk measures describe past behavior and do not predict future returns.