PRINCIPAL ACTIVE GLOBAL DIVIDEND INCOME ETF (GDVD) Exchange: BATS

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 dividend-paying equity securities at the time of purchase. The advisor uses quantitative screens (such as dividend yield, return on invested capital, free cash flow and revenue growth metrics), followed by qualitative research on an industry level (such as supply/demand characteristics, near term expectation and longer term outlook) and on a company level (such as competitive advantage, financial strength, and potential for profitability) to identify companies it believes have the commitment and capacity to pay dividends and whose potential for growth of capital is expected to be above average. The Fund invests in equity securities of small, medium, and large market capitalization companies and in growth and value stocks. The Fund invests in securities of issuers located throughout the world, including U.S. and foreign companies. Under normal market conditions, the Fund invests at least 40% of its net assets in foreign and emerging market securities. The Fund typically holds investments tied economically to at least three countries outside of the U.S.