ETF Evaluator:
Principal Securitized Debt ETF ()
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(as of May 21)
Best Performing in Securitized Bond - Diversified Over the Last Year
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ETF Details
Principal Securitized Debt ETF Overview
Principal Securitized Debt ETF (WDE) is an actively managed Taxable Bond Securitized Bond - Diversified exchange-traded fund (ETF). Principal Funds launched the ETF in 2026.
The investment seeks to provide current income and, as a secondary objective, capital appreciation during periods of U.S. corporate credit spread widening.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securitized credit investments. It will invest in derivatives, including futures, credit default swaps and other types of swaps, for hedging purposes, for tactical positioning, and to manage duration.
About Principal Securitized Debt ETF (WDE)
There are 4 members of the management team with an average tenure of 0.28 years: Jason Haigh (2026), Zach Gassmann (2026), Laura Rank (2026) and Jed Weirup (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 4 primary benchmarks: Bloomberg US CMBS TR USD index with a weighting of 30%, Bloomberg ABS TR USD index with a weighting of 30%, Bloomberg US MBS TR USD index with a weighting of 40% and Bloomberg US Agg Bond TR USD index with a weighting of 100%. Principal Securitized Debt ETF has 47 securities in its portfolio. The top 10 holdings constitute 47.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Principal Securitized Debt ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Principal Securitized Debt ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 105.4% (105.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Principal Securitized Debt ETF has -5.4% of the portfolio in cash.
Assets Under Management
The fund has $19 million in total assets, which is below the $912 million average for the Securitized Bond - Diversified category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WDE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Principal Securitized Debt ETF expense ratio is low compared to funds in the Securitized Bond - Diversified category. Principal Securitized Debt ETF has an expense ratio of 0.19%, which is 54% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Principal Securitized Debt ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 154% for the Securitized Bond - Diversified category.
Recently, in the month of July 2026, Principal Securitized Debt ETF returned -0.9%, which earned it a grade of D, as the Securitized Bond - Diversified category had an average return of -0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Principal Securitized Debt ETF has a trailing yield of 0.00%, which is below the 5.35% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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WDE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WDE Return (NAV) | -0.9% | na | na | na | na | na |
| WDE Return (Price) | 0.4% | na | na | na | na | na |
| NAV +/- Price Return | -1.255% | na | na | na | na | na |
| Securitized Bond - Diversified Avg | -0.4% | 0.2% | 4.5% | 5.8% | 1.6% | 2.7% |
| WDE Grade (NAV) | D | na | na | na | na | na |
| +/- Category (NAV) | -0.4% | na | na | na | na | na |
| WDE Tax-Cost Ratio | na | na | na | na | na | na |
WDE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WDE Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| WDE Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Securitized Bond - Diversified Avg | 1.1% | 7.6% | 5.1% | 6.6% | -10.6% | 1.3% | 2.9% | 5.9% | 1.6% | 3.7% | 3.0% |
| WDE Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 20 Mil |
| Share Class Assets: | $ 20 Mil |
| Turnover: | na |
| Expense Ratio: | 0.19% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US CMBS TR USD; Bloomberg ABS TR USD; Bloomberg US MBS TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Haigh Jason (2026), Gassmann Zach (2026), Rank Laura (2026), Weirup Jed (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 47 |
| % in Top 10 Holdings: | 47.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 105.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -5.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Principal Funds |
| Phone Number: | 800-222-5852 |
| Website: | |
| Inception Date: | May 21, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.19% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.41% |
