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 | 6.71% |
| AAPL | Apple Inc | Technology | Consumer Electronics | 5.28% |
| MSFT | Microsoft Corporation | Technology | Software - Infrastructure | 5.05% |
| AVGO | Broadcom Inc | Technology | Semiconductors | 3.84% |
| GOOG | Alphabet Inc Class C | Communication Services | Internet Content & Information | 2.82% |
| JPM | JPMorgan Chase & Co | Financial Services | Banks - Diversified | 2.66% |
| AMZN | Amazon.com Inc | Consumer Cyclical | Internet Retail | 2.60% |
| AMAT | Applied Materials Inc | Technology | Semiconductor Equipment & Materials | 2.43% |
| AMD | Advanced Micro Devices Inc | Technology | Semiconductors | 2.05% |
| UNH | UnitedHealth Group Incorporated | Healthcare | Healthcare Plans | 1.91% |
| V | Visa Inc. Class A | Financial Services | Credit Services | 1.89% |
| IBM | International Business Machines | Technology | Information Technology Services | 1.83% |
| 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% |
| GE | GE Aerospace | Industrials | Aerospace & Defense | 1.63% |
| TMO | Thermo Fisher Scientific Inc | Healthcare | Diagnostics & Research | 1.63% |
| MA | Mastercard Inc | Financial Services | Credit Services | 1.61% |
| SLB | Schlumberger NV | Energy | Oil & Gas Equipment & Services | 1.59% |
| CAT | Caterpillar Inc | Industrials | Farm & Heavy Construction Machinery | 1.57% |