PRINCIPAL GROWTH ETF (USD) PGRW.US

The fund seeks long-term growth of capital by investing primarily in growth-oriented equity securities of U.S. companies. Under its investment strategy, it commits at least 80% of its net assets (plus any borrowings for investment) to growth equities included in one or more of the MSCI ACWI IMI Growth Index, S&P 1500 Growth Index, or Russell 3000 Growth Index.

It typically focuses on large-capitalization companies (often above about USD 10 billion at time of purchase), and the portfolio managers use proprietary research combining valuation, earnings growth, and cash flow prospects to select stocks.

The fund is actively managed and does not track any single index; it may use the growth indices mentioned for comparison or classification purposes, but its portfolio construction is discretionary. It is a non-diversified fund, meaning it can allocate a relatively large portion of its assets to individual issuers, increasing issuer-specific risk.

The adviser may give more weight to particular sectors as a result of its stock selection process; for example, the information technology sector may at times represent a sizable share. The fund is offered by Principal Global Investors, LLC, part of Principal Financial Group.

It is structured as an exchange-traded fund under U.S. securities regulation. The fund's investment advisor is Principal Global Investors, LLC, operating under the brand Principal Asset Management.