Principal Securitized Debt ETF (WDE)

The Principal Securitized Debt ETF is an actively managed fixed income fund from Principal Asset Management that invests primarily in securitized debt.

Its holdings can include agency and non-agency mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities backed by loans such as auto loans, credit card receivables and consumer debt, and collateralized loan obligations. The managers select securities based on credit analysis, structure and relative value across these sectors.

The fund offers diversified exposure to the securitized segment of the bond market in an exchange-traded format. Principal Asset Management is part of Principal Financial Group, headquartered in Des Moines, Iowa.