USI — Principal Ultra-Short Active Income ETF
Data updated: 2023-02-21
USI — Principal Ultra-Short Active Income ETF. Leveraged · $7.22M AUM · 0.18% expense ratio · 0.4% 1-yr return. Holdings, fees, performance and SEC filings.
USI Fund Overview
USI — Principal Ultra-Short Active Income ETF is a US ETF managed by Principal Exchange-Traded Funds, categorised as Leveraged. 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: Leveraged
- Assets under management: $7.22M
- 1-year return: 0.4%
- Ticker: USI
- SEC CIK: 0001572661
- SEC series ID: S000065179
- Share class ID: C000211001
USI Investment Objective and Strategy
Principal Ultra-Short Active Income 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 current income.
Principal investment strategy
"The Fund is an actively managed exchange-traded fund (""ETF"") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in investment-grade bonds and other fixed income securities. ""Investment grade securities are rated at the time of purchase BBB- or higher by S&P Global Ratings (""S&P Global"") or Baa3 or higher by Moody's Investors Service, Inc. (""Moody's"") or, if unrated, of comparable quality in the opinion of those selecting such investments. If the security has been rated by only one of those agencies, that rating will determine whether the security is investment grade. The Fund invests in fixed- and floating-rate securities. The Fund invests in foreign securities, corporate securities, securities issued by the U.S.
and foreign governments and their agencies and instrumentalities, asset-backed securities (securitized products), and commercial paper. The Fund concentrates (invests more than 25% of its net assets) its investments in one or more industries (i.e., banking, insurance and commercial finance) within the financial services sector. Under normal circumstances, the Fund maintains an average effective maturity of three years or less and an average portfolio duration of one year or less. The Fund is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share. The Fund actively trades securities."
USI Performance
Total returns for USI (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.4% |
| 3 years (annualised) | 0.7% |
USI Risk Information
Risk metrics for USI, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.0%
USI Costs and Fees
USI costs about $18 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.18%
- Gross expense ratio: 0.18%
- Portfolio turnover: 61%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
USI Cashflows
Over the 12 months to 2022-12, Principal Ultra-Short Active Income ETF had net outflows of $1.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $0 |
| 2022-11 | $0 |
| 2022-10 | −$1.20M |
| 2022-09 | $0 |
| 2022-08 | $0 |
| 2022-07 | $0 |
USI Debt Constituents
No individual debt constituents are reported in Principal Ultra-Short Active Income ETF's latest SEC N-PORT filing.
USI Prospectus and SEC Filings
Official Principal Ultra-Short Active Income 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 2020-10-28
- Portfolio holdings (N-PORT) — filed 2023-02-21
- Portfolio holdings (N-PORT) — filed 2022-11-28
- Portfolio holdings (N-PORT) — filed 2022-08-08
- Annual census (N-CEN) — filed 2022-09-12
- Annual census (N-CEN) — filed 2021-09-10
Related Funds
Other Leveraged funds tracked on ABC INVEST:
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.