BATS | ETF
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with large market capitalizations at the time of purchase that, in the opinion of Principal Global Investors, LLC ("PGI"), the fund"s investment advisor, display characteristics of a "blue chip" company.
Blue chip companies are firms that, in PGI"s view, are well established in their industries and have the potential for growth of capital and an expectation for above-average earnings.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| MSFT | Microsoft Corporation | Technology | Software - Infrastructure | 13.12% |
| AMZN | Amazon.com Inc | Consumer Cyclical | Internet Retail | 11.96% |
| GOOG | Alphabet Inc Class C | Communication Services | Internet Content & Information | 11.09% |
| K7X | BROOKFIELD CORP. CL.A | Financial Services | Asset Management | 7.30% |
| NFLX | Netflix Inc | Communication Services | Entertainment | 5.47% |
| TDG | Transdigm Group Incorporated | Industrials | Aerospace & Defense | 4.77% |
| MA | Mastercard Inc | Financial Services | Credit Services | 4.76% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 4.64% |
| PGR | Progressive Corp | Financial Services | Insurance - Property & Casualty | 4.62% |
| CDNS | Cadence Design Systems Inc | Technology | Software - Application | 3.53% |
| DHR | Danaher Corporation | Healthcare | Diagnostics & Research | 3.36% |
| HLT | Hilton Worldwide Holdings Inc | Consumer Cyclical | Lodging | 3.12% |
| SCHW | Charles Schwab Corp | Financial Services | Capital Markets | 2.96% |
| ORLY | O’Reilly Automotive Inc | Consumer Cyclical | Auto Parts | 2.88% |
| ROP | Roper Technologies, Inc. | Technology | Software - Application | 2.58% |
| CPRT | Copart Inc | Industrials | Specialty Business Services | 2.52% |
| CSGP | CoStar Group Inc | Real Estate | Real Estate Services | 2.48% |
| ZTS | Zoetis Inc | Healthcare | Drug Manufacturers - Specialty & Generic | 2.42% |
| AVGO | Broadcom Inc | Technology | Semiconductors | 2.31% |
| ABNB | Airbnb Inc | Consumer Cyclical | Travel Services | 2.19% |