Principal Global Investors, LLC 801 Grand Avenue Des Moines, IA 50392

May 21, 2026

State Street Global Services

One Congress Street

Boston, Massachusetts 02114-2016

Attention: David Whelan, Vice President

Re:    Principal Exchange-Traded Funds (the “Fund”)

Ladies and Gentlemen:

Please be advised that the undersigned Fund has established new series of shares to be known as Principal CLO ETF, Principal Inflation Protection ETF, Principal Long Duration ETF, and Principal Securitized Debt ETF (the “Portfolios”).

In accordance with Section 20.5, the Additional Portfolios provision, of the Custodian Agreement dated as of May 21, 2015, as amended, modified, or supplemented from time to time (the “Agreement”), by and among each registered investment company party thereto, and State Street Bank and Trust Company (“State Street”), the undersigned Fund hereby requests that State Street act as Custodian for the new Portfolios under the terms of the Agreement, and that Appendix A to the Agreement is hereby amended and restated as set forth on Exhibit A attached hereto. In connection with such request, the undersigned Fund hereby confirms, as of the date hereof, its representations and warranties set forth in Section 20.6 of the Agreement.

Please indicate your acceptance of the foregoing by executing two copies of this letter agreement, returning one to the Fund and retaining one for your records.

						Sincerely,
						PRINCIPAL EXCHANGE-TRADED FUNDS
						On behalf of:
						PRINCIPAL CLO ETF
						PRINCIPAL INFLATION PROTECTION ETF
						PRINCIPAL LONG DURATION ETF
						PRINCIPAL SECURITIZED DEBT ETF
						By:			/s/ Adam U. Shaikh
						Name:			Adam U. Shaikh
						Title:			Vice President, Assistant General Counsel, and     Assistant Secretary
Agreed and Accepted:
STATE STREET BANK AND TRUST COMPANY
By:			/s/ Jacqueline M. Carr
Name:			Jacqueline M. Carr
Title:			Managing Director
Effective Date: May 21, 2026

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        EXHIBIT A

APPENDIX A

TO

CUSTODIAN AGREEMENT

Principal Active High Yield ETF

Principal Capital Appreciation Select ETF

Principal CLO ETF

Principal Focused Blue Chip ETF

Principal Inflation Protection ETF

Principal International Equity ETF

Principal Investment Grade Corporate ETF*

Principal Long Duration ETF

Principal Quality ETF

Principal Real Estate Active Opportunities ETF

Principal Securitized Debt ETF

Principal Spectrum Preferred Securities Active ETF

Principal Spectrum Preferred and Income ETF**

Principal U.S. Mega-Cap ETF

Principal U.S. Small-Cap ETF

Principal Value ETF

*  Name changed: April 21, 2026

** Name changed November 1, 2025