NASDAQ | ETF
Under normal circumstances, the fund primarily invests in equity securities.
For security selection and portfolio construction, Principal Global Investors, LLC (PGI) uses a proprietary quantitative model designed to identify equity securities in the S&P 500 Growth Index that exhibit growth characteristics, including higher quality, growth potential, and pricing power.
Higher quality means securities that PGI believes possess higher quality characteristics relative to their peers, measured by profitability, earnings quality, balance sheet strength, and solvency.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| NVDA | NVIDIA Corporation | Technology | Semiconductors | 6.55% |
| AAPL | Apple Inc | Technology | Consumer Electronics | 5.27% |
| MSFT | Microsoft Corporation | Technology | Software - Infrastructure | 4.95% |
| AVGO | Broadcom Inc | Technology | Semiconductors | 3.91% |
| JPM | JPMorgan Chase & Co | Financial Services | Banks - Diversified | 2.66% |
| GOOG | Alphabet Inc Class C | Communication Services | Internet Content & Information | 2.61% |
| AMZN | Amazon.com Inc | Consumer Cyclical | Internet Retail | 2.52% |
| AMAT | Applied Materials Inc | Technology | Semiconductor Equipment & Materials | 2.12% |
| AMD | Advanced Micro Devices Inc | Technology | Semiconductors | 2.05% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 2.05% |
| UNH | UnitedHealth Group Incorporated | Healthcare | Healthcare Plans | 1.91% |
| IBM | International Business Machines | Technology | Information Technology Services | 1.83% |
| GE | GE Aerospace | Industrials | Aerospace & Defense | 1.76% |
| MA | Mastercard Inc | Financial Services | Credit Services | 1.76% |
| APH | Amphenol Corporation | Technology | Electronic Components | 1.71% |
| MRK | Merck & Company Inc | Healthcare | Drug Manufacturers - General | 1.70% |
| ABBV | AbbVie Inc | Healthcare | Drug Manufacturers - General | 1.68% |
| TMO | Thermo Fisher Scientific Inc | Healthcare | Diagnostics & Research | 1.59% |
| CAT | Caterpillar Inc | Industrials | Farm & Heavy Construction Machinery | 1.57% |
| ORLY | O’Reilly Automotive Inc | Consumer Cyclical | Auto Parts | 1.55% |