Principal Files ETF Targeting Long-Term U.S. Large-Cap Growth

The Principal Growth ETF (PGRW) will invest at least 80% of net assets in U.S. growth stocks represented in major growth indices, including the MSCI ACWI IMI Growth, S&P 1500 Growth, and Russell 3000 Growth indexes. The actively selected portfolio will generally emphasize companies valued above $10 billion, targeting businesses with strong long-term earnings and cash-flow growth potential. Stock selection may result in sizable sector exposure, including technology. As a non-diversified fund, concentrated positions could increase volatility.