PXUS — Principal International Adaptive Multi-Factor ETF

PXUS Fund Overview

PXUS — Principal International Adaptive Multi-Factor ETF is a US ETF managed by Principal Exchange-Traded Funds, categorised as Global (incl. US) 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: Global (incl. US) Blend / Core Equity
• Assets under management: $14.93M
• 1-year return: 23.0%
• Ticker: PXUS
• SEC CIK: 0001572661
• SEC series ID: S000071620
• Share class ID: C000226996

PXUS Investment Objective and Strategy

Principal International Adaptive 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 long-term growth of capital.

Principal investment strategy

"Under normal circumstances, the Fund invests at least 40% of its net assets, plus any borrowings for investment purposes, in securities of foreign companies. The Fund invests in securities regardless of market capitalization size (small, medium or large). For security selection and portfolio construction, Principal Global Investors, LLC (""PGI"") uses a proprietary quantitative model. The model is designed to identify and rank equity securities in the MSCI World Ex-U.S. Index (the ""Index"") that correspond to factor categories including the following: Value companies securities with low prices relative to their fundamental value, measured by such metrics as earnings yield, free cash flow yield, and sales yield. Higher quality companies securities ranked based on metrics such as return on equity, sales growth, earnings growth, and balance sheet measures of quality (such as lower debt and accruals).

Higher momentum companies securities ranked by evaluating recent performance. Lower volatility companies identified using the recent standard deviation of returns (in other words, how much such returns vary). The model incorporates a proprietary rules-based methodology that identifies the current market risk regime as ""lower,"" ""higher and increasing,"" or ""higher and decreasing"" and then weights securities within and among the factor categories based on the prevailing market regime. During ""higher and decreasing"" market risk environments, the model is expected to correspond more closely to the weights used in the Index itself; however, in other regimes, the models selection and weighting is expected to differ from the Index in an effort to outperform the Index returns after fees and expenses.

In ""lower"" risk environments, the model is expected to allocate more to value, quality, and momentum stocks, while de-emphasizing lower volatility stocks, whereas in ""higher and increasing"" risk environments the model is expected to allocate more to lower volatility stocks, as well as quality and momentum stocks, while de-emphasizing value stocks. For certain securities, the model assigns weights equal to that of the Index in all risk regimes. PGI expects to review the risk environment weekly. In circumstances where the risk environment does not change, the Fund's holdings are expected to be rebalanced semi-annually. Fund holdings will be rebalanced more frequently in the event of market risk regime shifts, which will result in increased portfolio turnover. PGI expects to review the model and risk environment regularly, and adjustments to the model and Fund holdings may be made at PGI's discretion.

The Funds strategies may result in the active and frequent trading of the Funds portfolio securities. Note: ""MSCI"" is a trademark of MSCI Inc. and has been licensed by Principal. The Fund is not sponsored, endorsed, sold, or promoted by MSCI, and MSCI makes no representation regarding the advisability of investing in the Fund."

PXUS Performance

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

PXUS Risk Information

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

• 1-year volatility (annualised): 16.2%

PXUS Costs and Fees

PXUS costs about $24 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.24%
• Gross expense ratio: 0.24%
• Portfolio turnover: 112%
• Brokerage commissions: 3.57 bps of average net assets (SEC N-CEN)

PXUS Cashflows

Over the 12 months to 2023-09, Principal International Adaptive Multi-Factor ETF had net inflows of $2.13M, from monthly SEC N-PORT filings.

PXUS Debt Constituents

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

PXUS Prospectus and SEC Filings

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

• Prospectus (485BPOS) — filed 2022-10-27
• Prospectus (485BPOS) — filed 2021-10-27
• Prospectus (485BPOS) — filed 2021-04-26
• Portfolio holdings (N-PORT) — filed 2023-11-21
• Portfolio holdings (N-PORT) — filed 2023-08-09
• Portfolio holdings (N-PORT) — filed 2023-05-23
• Annual census (N-CEN) — filed 2023-09-08
• Annual census (N-CEN) — filed 2022-09-12

Related Funds

Other Global (incl. US) Blend / Core Equity funds tracked on ABC INVEST:

• Strategic Advisers Fidelity International Fund (FUSIX)
• Strategic Advisers International Fund (FILFX)
• First American Multi-Manager International Equity Fund (FAIEX)
• Symmetry Panoramic International Equity Fund (SPILX)
• FPA Paramount Fund, Inc. (FPRAX)

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.