Principal Active High Yield ETF (YLD US) – Portfolio Construction MethodologyThe investment process guiding the actively managed Principal Active High Yield ETF seeks to generate income and total return by allocating primarily to below-investment-grade fixed-income securities across global corporate bond and loan markets. Under normal circumstances the fund invests at least 80% of net assets plus borrowings in high yield bonds and bank loans, complemented by positions in US Treasury securities, investment-g ...