Principal Exchange-Traded Funds - Principal Securitized Debt ETF is an exchange traded fund launched by Principal Financial Services, Inc. The fund is co-managed by Principal Global Investors, LLC. It invests in fixed income markets of the United States. he fund invests directly and through derivatives in investment grade securitized credit securities such as mortgages, loans, receivables or other assets, such as agency and non-agency mortgage-backed securities and asset-backed securities. It uses derivatives such as swap and futures to create it's portfolio. It employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Bloomberg US Aggregate Index and the Bloomberg U.S. Securitized: MBS/ABS/CMBS Blended Index comprising of 40% the Bloomberg US MBS Index, 30% the Bloomberg US ABS Index and 30% the Bloomberg US CMBS Index. Principal Exchange-Traded Funds - Principal Securitized Debt ETF is domiciled in the United States.