New lineup expands ETF offering and helps investors navigate evolving market dynamics with greater precision

Principal Asset Management^® today announced the launch of Principal^® Fit, a fixed income exchange-traded fund (ETF) suite that includes four newly launched exchange-traded funds, expanding the firm's lineup and enhancing fixed income capabilities for investors. The suite and newly launched ETFs are designed to support more precise and flexible portfolio positioning as investors navigate evolving interest rate, credit, and inflation dynamics.

As fixed income markets grow more complex, there is an increasing need for more precise ways to align portfolio allocations with market views and desired outcomes across distinct market environments. The cohesive new suite of ETFs is designed to help simplify the process by providing targeted exposure across key segments of the fixed income market, including inflation protection, securitized credit, long duration, and collateralized loan obligations. Additionally, each ETF can serve a distinct role within a broader portfolio, with exposures aligned to different interest rates, credit, and inflation conditions, and can be used independently or in combination as conditions evolve.

"Principal Fit is designed to help investors navigate rapidly changing market environments and simplify how they make allocation decisions across fixed income," said Michael Goosay, chief investment officer and global head of fixed income at Principal Asset Management. "In this environment, broad exposure is often less effective than more targeted approaches, and this lineup provides more precise tools to support portfolio decisions as market conditions shift."

Together with the Principal Investment Grade Corporate ETF (IG), the five ETFs in the suite form a flexible set of solutions that can be used across portfolios to support income generation, diversification, and portfolio positioning across duration, credit, and inflation expectations. The newly launched ETFs include:

The Principal Inflation Protection ETF (RIZE), which focuses on helping investors manage inflation risk by providing exposure to securities sensitive to changes in price levels.
The Principal Securitized Debt ETF (WDE) which provides access to securitized sectors of the fixed income market, offering diversified exposure across structured credit.
The Principal Long Duration ETF (DWWN) provides exposure to longer-duration bonds, supporting positioning around changes in interest rates.
The Principal CLO ETF (UUPP) offers exposure to collateralized loan obligations and seeks to deliver income through floating-rate credit instruments.

Principal Asset Management offers 16 ETFs and approximately $10.4 billion in assets under management across its ETF platform³. The funds are listed on Cboe BZX Exchange and trade under the tickers UUPP, DWWN, IG, WDE, and RIZE.

About Principal Asset Management®

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.¹ Principal Asset Management is the global investment solutions business for Principal Financial Group^® (NASDAQ:PFG), managing $578.0 billion in assets¹ and recognized as a "Best Places to Work in Money Management"² for 14 consecutive years.

Learn more at www.PrincipalAM.com

[1] As of March 31, 2026

[2] Pensions & Investments, The "Best Places to Work in Money Management", among companies with 1,000 or more employees, December 2025.

[3] As of May 31, 2026

Carefully consider a fund's objectives, risks, charges, and expenses. For a prospectus, or summary prospectus if available, containing this and other information, visit www.PrincipalAM.com or call sales support at 800-787-1621. Please read it carefully before investing.

Investing in ETFs involves risk, including possible loss of principal. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance.

Fixed income investments are subject to interest rate risk; as interest rates rise, bond prices generally fall.

Investments in asset-backed securities such as collateralized loan obligations (CLOs) and mortgage-backed securities are subject to additional risks associated with the nature of the underlying assets and the servicing of those assets, including risk of default of the underlying assets. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government. Yields for U.S. Treasury Inflation Protected Securities ("TIPS") are adjusted monthly based on changes in the rate of inflation. This can cause the yield to vary from one month to the next and may not be repeated. Funds with longer average portfolio durations are more sensitive to changes in interest rates and may be more volatile than those with shorter durations. Investing in derivatives entails specific risks relating to liquidity, leverage, and credit, which may reduce returns and/or increase volatility.

ALPS Distributors, Inc. is the distributor of the Principal ETFs. ALPS Distributors, Inc. and the Principal Funds are not affiliated.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260615233888/en/

Media Contact: Erin Parro, parro.erin@principal.com, 515-878-0130

Principal Asset Management® Launches Fixed Income ETF Suite