PDEV — Principal International Multi-Factor ETF

PDEV Fund Overview

PDEV — Principal International Multi-Factor ETF is a US ETF managed by Principal Exchange-Traded Funds, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Principal Exchange-Traded Funds
• Category: Emerging Markets Blend / Core Equity
• Assets under management: $46.75M
• 1-year return: 29.3%
• Ticker: PDEV
• SEC CIK: 0001572661
• SEC series ID: S000065972
• Share class ID: C000213037

PDEV Investment Objective and Strategy

Principal International Multi-Factor ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Exchange-Traded Funds.

Investment objective

"The Fund seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq Developed Select Leaders Core Index (the ""Index"")."

Principal investment strategy

"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the Index at the time of purchase. The Index uses a quantitative model designed to identify equity securities of companies in the Nasdaq Developed Market Ex-US Ex Korea Large Mid Cap Index (the ""Parent Index"") that exhibit potential for high degrees of value, quality growth and strong momentum. The Parent Index is composed of developed foreign market equity securities of issuers that have medium and large market capitalizations. The Index includes securities in the top 50% of the Parent Index by market capitalization, or (if not in the top 50% by market cap) the top 50% by rank (discussed below). To determine the rankings of securities in the bottom 50% by market cap, a currency-neutral approach is used (each currency maintains similar weight as the initial universe of stocks).

Securities are ranked according to three factors: The Shareholder Yield (Value) Factor ranks securities based on the collective financial impact on a company's shareholders from the return of free cash flow through cash dividends, stock repurchases, and debt reduction. This factor is designed to identify securities with low prices relative to their fundamental value. The Pricing Power (Quality Growth) Factor ranks securities based on consistent sales growth, earnings quality and growth, and profitability, while taking price volatility into account. The Momentum Factor ranks securities by evaluating price momentum over multiple horizons to determine sustainability. The Index uses modified market-cap weighting to give greater weight to securities that rank higher. The Index is rebalanced semi-annually.

Additionally, throughout the year securities that become ineligible for the Index are removed and not replaced. The Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. As of June 30, 2021, the Index included 581 components, and the Parent Index included 1,064 components. More detailed information about the Index methodology is provided in the prospectus under Underlying Indices. The Fund employs a passive investment approach designed to attempt to track the performance of the Index. In seeking its objective, the Fund typically employs a ""full replication"" strategy which involves investing in all the securities that make up the Index, in the same approximate proportions as the Index. The Fund can, however, use a sampling methodology to purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index.

The Fund can also purchase securities not included in the Index that the advisor believes will help the fund track the Index. The Fund will not concentrate its investments (invest more than 25% of its assets) in a particular industry except to the extent the Index is so concentrated."

PDEV Performance

Total returns for PDEV (as of 2026-10-01), from SEC filings.

PDEV Risk Information

Risk metrics for PDEV, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 18.3%

PDEV Costs and Fees

PDEV costs about $25 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.25%
• Gross expense ratio: 0.25%
• Portfolio turnover: 69%
• Brokerage commissions: 5.60 bps of average net assets (SEC N-CEN)

PDEV Cashflows

Over the 12 months to 2021-09, Principal International Multi-Factor ETF had net outflows of $22.01M, from monthly SEC N-PORT filings.

PDEV Debt Constituents

No individual debt constituents are reported in Principal International Multi-Factor ETF's latest SEC N-PORT filing.

PDEV Prospectus and SEC Filings

Official Principal International Multi-Factor ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-10-27
• Prospectus (485BPOS) — filed 2020-10-28
• Prospectus supplement (497) — filed 2019-07-11
• Portfolio holdings (N-PORT) — filed 2021-11-22
• Portfolio holdings (N-PORT) — filed 2021-08-24
• Portfolio holdings (N-PORT) — filed 2021-05-20
• Annual census (N-CEN) — filed 2021-09-10
• Annual census (N-CEN) — filed 2020-09-09

Related Funds

Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:

• Strategic Advisers Fidelity Emerging Markets Fund (FGOMX)
• iShares MSCI South Korea ETF (EWY)
• Strategic Advisers Emerging Markets Fund (FSAMX)
• iShares MSCI Taiwan ETF (EWT)
• iShares MSCI Brazil ETF (EWZ)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.