Principal Financial Services, Inc.
711 High Street
Des Moines, IA 50392
www.principal.com
principallogoregcolor.jpg

May 20, 2026

Mr. Kamal Bhatia
Chief Executive Officer and President Principal Exchange-Traded Funds Principal Financial Group
Des Moines, IA 50392

Dear Mr. Bhatia:

Principal Financial Services, Inc. intends to purchase the following shares (the “Shares”):


Principal Exchange-Traded Funds –
Purchase Amount
Shares Purchased
Principal Securitized Debt ETF
$25.00
1
Principal Long Duration ETF
$25.00
1
Principal CLO ETF
$25.00
1
Principal Inflation Protection ETF
$25.00
1
Each share of the Principal Exchange – Traded Funds has no par value and a price of $25.00 per share. In connection with such purchase, Principal Financial Services, Inc. represents and warrants that it will purchase such Shares as an investment and not with a view to resell, distribute or redeem.

PRINCIPAL FINANCIAL SERVICES, INC.
BY/s/ George Djurasovic
George Djurasovic
Interim General Counsel