UUPPPrincipal CLO ETF
Seeks to provide current income and, as a secondary objective, capital appreciation during periods of rising U.S. interest rates.
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What's inside
Asset class
Region
Strategy
active selection
Fund details
- Where to buy
- Cboe BZX
- Objective
- Seeks to provide current income and, as a secondary objective, capital appreciation during periods of rising U.S. interest rates.
- Strategy
- Actively manages a portfolio primarily invested in collateralized loan obligations (CLOs), targeting at least 80% of net assets in these securities. Focuses on senior tranches, typically investment grade-rated, while also investing in floating rate securities and derivatives for hedging and tactical positioning. Maintains a portfolio duration of less than 1 year, relying on professional judgment for fundamental, technical, and valuation considerations.
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Next steps
Data updated on 2026-05-26