PSET

PSET actively invests in equity securities in the S&P 500 Index or S&P 400 that they believe exhibit higher quality, growth potential, and pricing power. The fund manager uses a proprietary quantitative model to identify and select companies for inclusion. Higher quality is measured by a company's profitability, earnings quality, balance sheet strength, and solvency. Pricing power is the extent to which a company can raise the prices of its products without reducing the demand for them. The fund adviser uses internal and external resources to develop and refine its investment themes, and to identify and take advantage of trends that may impact the fund and its holdings. The fund is rebalanced annually, but may make any adjustments at its discretion. Prior to June 17, 2022, the fund tracked the NASDAQ US Price Setters Index. Prior to Sep. 30, 2020, the fund name was Principal Price Setters Index ETF.