Principal Ultra-Short Active Income ETF (USI)
Principal Ultra-Short Active Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Des Moines, IA, US. The stock last traded at $24.18, up 0.00% on the session, giving a market capitalisation of $7.3M. Its beta of 0.09 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) aims to achieve its investment objective by typically allocating at least 80% of its net assets, including any borrowed capital for investment, into investment-grade fixed income securities. The fund's investments encompass both fixed-rate and floating-rate debt instruments. Under normal market conditions, the portfolio maintains an average effective maturity of three years or less, with its average duration not exceeding one year.
Principal Ultra-Short Active Income ETF is most often compared with the following Financial Services names: