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Form N-PX · fund registrantSEC filer no. 1572661

Principal Exchange-Traded Funds

fund voting report, part of Principal

Vote records reported
9,431year to 30 June 2026
Against management
6.9%637 of 9,250 marked votes
Say-on-pay support
93.4%for, of for + against + abstain
Shareholder-proposal support
14.3%for, of for + against + abstain
89.5% for6.5% against4.0% other6.9% against management9,257 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

Principal Exchange-Traded Funds reported 9,431 vote records for the year to 30 June 2026. It marked 6.9% of its votes as cast against management (637 of 9,250), close to the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 5.4%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 93.4% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 14.3% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (21.3% of 47), COMPENSATION (14.2% of 381) and CORPORATE GOVERNANCE (13.7% of 424).

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share6.9%6.2%10.6%
Say-on-pay support rate93.4%91.6%86.0%
Shareholder-proposal support rate14.3%27.5%33.9%
Shares on loan, share of shares held0.00%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS6,2765,8411166.9%
SECTION 14A SAY-ON-PAY VOTES812711507.4%
AUDIT-RELATED83683420.2%
SHAREHOLDER RIGHTS AND DEFENSES47331421.3%
EXTRAORDINARY TRANSACTIONS736589.6%
CAPITAL STRUCTURE228208209.6%
COMPENSATION3823146814.2%
CORPORATE GOVERNANCE43031611113.7%
ENVIRONMENT OR CLIMATE1012990.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE501490.0%
DIVERSITY, EQUITY, AND INCLUSION571560.0%
OTHER SOCIAL ISSUES15961530.6%
OTHER1100.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 202412,60710.1%89.7%41.5%
year to 30 June 20258,7136.7%93.7%20.4%
year to 30 June 20269,4316.9%93.4%14.3%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Principal Exchange-Traded Funds voted against management on 44 of the 667 it marked either way (6.6%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 2 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 197 proposals from security holders that could be told apart in the filings and on which it cast a vote, Principal Exchange-Traded Funds voted for 35 (17.8%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
NVIDIA Corporation24 Jun 2026Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting...
Alphabet Inc.5 Jun 2026Shareholder proposal regarding equal shareholder voting
Tesla, Inc.6 Nov 2025A shareholder proposal to seek shareholder approval before adopting an amendment to the bylaws pursuant to...
Tesla, Inc.6 Nov 2025Declassify the Board of Directors
Tesla, Inc.6 Nov 2025Shareholder proposal: CORPORATE GOVERNANCE
QUALCOMM Incorporated17 Mar 2026Stockholder proposal entitled "Shareholder Ability to Call for a Special Meeting."
International Business Machines Corporation28 Apr 2026Stockholder Proposal Requesting a Right to Act by Written Consent
CATERPILLAR INC.10 Jun 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
AT&T INC.14 May 2026Shareholder Right to Act by Written Consent
Wells Fargo & Company28 Apr 2026Require Independent Board Chair
Wells Fargo & Company28 Apr 2026Shareholder Proposal - Govern by Majority Vote.
Comcast Corporation10 Jun 2026Adopt policy to have an independent chair
Palo Alto Networks, Inc.9 Dec 2025To consider and vote upon a shareholder proposal, if properly presented at the Annual Meeting, regarding...
Boston Scientific Corporation30 Apr 2026Stockholder proposal titled "Give Shareholders the Ability to Call for a Special Shareholder Meeting."
The Cigna Group22 Apr 2026Shareholder Proposal - Shareholder Right to Act by Written Consent
Ecolab Inc.7 May 2026Vote on a stockholder proposal regarding an independent board chair policy
FedEx Corporation29 Sep 2025Stockholder proposal regarding independent board chairman.
L3Harris Technologies, Inc.11 May 2026Shareholder Proposal titled "Improve Shareholder Ability to Call for a Special Shareholder Meeting".
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to a request that the Board take steps to implement one vote per share for...
FORD MOTOR COMPANY14 May 2026A shareholder proposal relating to public disclosure by share class of voting results on matters subject...
Airbnb, Inc.5 Jun 2026Dual-class sunset; and
The Hartford Insurance Group, Inc.20 May 2026Shareholder proposal that the Company adopt written consent rights for shareholders
Church & Dwight Co., Inc.1 May 2026Stockholder Proposal - Permit Stockholder Action by Written Consent.
Edison International23 Apr 2026Shareholder Proposal Regarding Retention of Equity
Cboe Global Markets, Inc.14 May 2026Stockholder proposal regarding shareholder right to act by written consent.
lululemon athletica inc.25 Jun 2026Declassify the Board of Directors
Global Payments Inc.30 Apr 2026Shareholder proposal regarding shareholder right to act by written consent.
Corpay, Inc.7 May 2026Shareholder proposal regarding an independent Board Chair requirement
Assurant, Inc.21 May 2026Stockholder proposal regarding action by written consent.
Exxon Mobil Corporation27 May 2026Proposal requesting Company to modify its Voluntary Retail Voting Program to provide multiple options not...
Dana Incorporated22 Apr 2026Shareholder proposal to require an independent Board Chairman.
Calix, Inc.14 May 2026To hold an advisory vote on a stockholder proposal relating to a simple majority vote.
ICU Medical, Inc.13 May 2026To approve, on an advisory basis, a stockholder proposal to establish a 10% stockholder special meeting right.
BlackLine, Inc.7 May 2026Declassify the board of directors
Dine Brands Global, Inc.14 May 2026A stockholder proposal regarding the right of stockholders to call a special meeting of stockholders at a...

Shares on loan

Principal Exchange-Traded Funds reported no shares on loan for the year to 30 June 2026. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

9 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Principal U.S. Small-Cap ETF4,4639.6%93.7%55.6%
Principal Value ETF1,4823.9%91.8%15.5%
Principal Quality ETF9904.7%92.9%17.3%
Principal Capital Appreciation Select ETF7766.1%92.6%14.3%
Principal International Equity ETF5472.3%not reportednot reported
Principal Real Estate Active Opportunities ETF5052.8%96.4%not reported
Principal U.S. Mega-Cap ETF4196.0%96.0%8.3%
Principal Focused Blue Chip ETF2315.6%100.0%5.1%
Principal Spectrum Preferred and Income ETF180.0%not reportednot reported

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did Principal Exchange-Traded Funds vote on executive pay?

In the year to 30 June 2026 Principal Exchange-Traded Funds reported 761 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 711 were for (93.4%), 50 against and 0 abstentions. Counting one item per company meeting, it voted against management on 44 of the 667 say-on-pay items it marked either way. A further 2 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Principal Exchange-Traded Funds vote against management?

6.9% of the time in the year to 30 June 2026: 637 of the 9,250 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did Principal Exchange-Traded Funds support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 99 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 14.3% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by Principal Exchange-Traded Funds (filer no. 1572661), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.