Aimed for investors seeking both stability and long-term capital growth

Principal Asset Management^℠ announced the launch of the Principal Capital Appreciation Select ETF (LCAP). This ETF will be managed by Principal Edge, an investment team within Principal Asset Management overseeing $21.1 billion in AUM¹. With ongoing market volatility, the case for active equity ETFs — particularly those with large-cap U.S. exposure — is growing stronger. Unlike passive strategies, active management provides the flexibility to navigate uncertainty, identify undervalued opportunities, and seek to mitigate downside risks.

In 2024, active ETFs experienced accelerating growth, with net inflows exceeding $27.9 billion², as investors seek transparent solutions to manage risk. The Capital Appreciation Select ETF now offered by Principal Asset Management is designed to meet this growing client demand and build out the firm’s existing active ETF lineup.

“This latest addition strengthens our active ETF suite, tapping into our deep investment expertise to offer clients a streamlined way to invest in what we identify as high quality, competitively advantaged U.S. companies with growing cash flows,” said George Maris, chief investment officer and global head of equities at Principal Asset Management. “With the continued attraction of active ETFs for many clients, we are dedicated to delivering solutions providing value, flexibility, and expert guidance, helping clients navigate global risks and opportunities with confidence.”

The ETF will be managed by Toby Jayne, portfolio manager, and Dan Coleman, co-CIO & portfolio manager of the Capital Appreciation strategy at Principal Asset Management.

With the addition of the Principal Capital Appreciation Select ETF, Principal now offers 12 ETFs designed with the goals of enhancing investor returns, mitigating risk, and improving portfolio diversification. Combined, they represent approximately $5.9 billion in assets under management³.

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. Principal Asset Management is the global investment solutions business for Principal Financial Group^® (Nasdaq: PFG), managing $559.1 billion in assets¹ and recognized as a “Best Places to Work in Money Management"⁴ for 12 consecutive years.

Learn more at www.PrincipalAM.com.

[1] As of December 31, 2024

[2] Morningstar U.S. Fund Flows Report (December 2024)

[3] March 19, 2025

[4] Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2024.

©2025 Principal Financial Services, Inc., Principal®, Principal Financial Group®, Principal Asset Management, and Principal and the logomark design are registered trademarks and service marks of Principal Financial Services, Inc., a Principal Financial Group company, in various countries around the world and may be used only with the permission of Principal Financial Services, Inc. Principal Asset Management℠ is a trade name of Principal Global Investors, LLC.

Important Information

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. Investor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissions apply.

Carefully consider a fund’s objectives, risks, charges, and expenses. Visit www.PrincipalAM.com for a prospectus, or summary prospectus if available, containing this and other information. Please read it carefully before investing.

Asset allocation and diversification do not ensure a profit or protect against a loss. Equity investments involve greater risk, including heightened volatility, than fixed income investments

The information in this document contains general information only on investment matters and should not be considered as a comprehensive statement on any matter and should not be relied upon as such. The general information it contains does not take account of any investor's investment objectives, particular needs or financial situation, nor should it be relied upon in any way as a forecast or guarantee of future events regarding a particular investment or the markets in general. All expressions of opinion and predictions in this document are subject to change without notice.

Principal Asset Management is the global investment management business for Principal Financial Group® and includes the asset management operations of the following: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Real Estate Europe Limited and its affiliates; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Origin Asset Management, LLP; Principal Asset Management Ltda; Principal Global Investors (Europe) Limited; Principal Global Investors (Ireland) Limited, Principal Global Investors (Singapore) Limited.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Asset Management Company (Asia) Ltd., Principal Asset Management Berhad (Malaysia), Principal Islamic Asset Management SDN BHD, Principal Fondos de Inversion, S.A. DE C.V.(Mexico), Principal Mexico Servicos, S.A. DE C.V., Principal Adminstradora General de Fondos S.A. (Chile), and includes assets where we provide model portfolios.

All figures shown in this document are in U.S. dollars unless otherwise noted. All assets under management figures shown in this document are gross figures and may include leverage, unless otherwise noted. Assets under management may include model-only assets managed by the firm, where the firm has no control as to whether investment recommendations are accepted, or the firm does not have trading authority over the assets.

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

Principal Edge is an investment team within Principal Global Investors.

Principal Asset Management^℠ is a trade name of Principal Global Investors, LLC.

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