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UUPP

GradeCChicago Board Options Exchange

Principal Exchange-Traded Funds - Principal CLO ETF

Specialty Bonds · Principal Funds · Inception 2026-05-20 · SEC filings

$25.20+0.18 (+0.74%)

As of Sep 23, 2026, 10:12 AM EDT

History starts May 21, 2026.History starts May 21, 2026.History starts May 21, 2026.
Intraday session: up, 3 prints from 25.02 to 25.20. Range 25.02 to 25.20. Use the arrow keys to read each point.$25.00$25.05$25.10$25.1510 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$15M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
30
Volume · 30D
0M sh
NAV per share
$25.12
52W range
low $24.91high $25.33

The ETF.net UUPP Grade

C

52/ 100

Rank 15 of 34 in Collateralized Loan Obligations (CLO)⁠

Confidence Medium

Six-pillar profile for UUPP. Scores out of 100: Cost 83, Risk 59, Mission not scored, Tradability 2, Holdings 42, Durability 21. Strongest: Cost (83). Weakest: Tradability (2). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 83
    Category rank12/34 · top 35%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank16/33 · top 48%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 2
    Category rank34/34 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 42
    Category rank27/34 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 21
    Category rank32/34 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

UUPP Holdings

As of Sep 22, 2026, 9:43 PM
Asset class
Bonds
Holdings
30
Top-10 weight
47%
Largest holding
VENTURE CDO LTD VENTR 2023 47A A1RR 144A4.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—VENTURE CDO LTD VENTR 2023 47A A1RR 144A4.69%700,000$701K1
002—APIDOS CLO APID 2023 46A A2R 144A4.69%700,000$701K3
003—BRANT POINT CLO LTD BRTPT 2024 3A A1R 144A4.69%700,000$701K2
004—ARES CLO LTD ARES 2020 57A A1R2 144A4.69%700,000$701K1
005—MADISON PARK FUNDING LTD MDPK 2021 38A A2R 144A4.69%700,000$701K2
006—BRANT POINT CLO LTD BRTPT 2024 5A A2 144A4.69%700,000$701K1
007—ELMWOOD CLO 16 LTD ELM16 2022 3A ARR 144A4.69%700,000$700K2
008—RIN LTD RIN 2023 2A A1R 144A4.69%700,000$700K3
009—KKR FINANCIAL CLO LTD KKR 37A AR 144A4.68%700,000$700K1
010—CAPITAL FOUR US CLO C4US 2022 2A A2R 144A4.67%700,000$698K1
011—ANCHORAGE CAPITAL CLO LTD ANCHC 2016 8A A1R3 144A4.36%650,000$651K1
012—TREASURY BILL 12/26 0.000004.31%650,000$643K17
013—TCW LTD TCW 2025 1A A 144A4.01%600,000$600K2
014—ABRY LIQUID CREDIT CLO LTD ALC 2026 3A A1 144A3.88%580,000$579K3
015—EMPOWER CLO LTD. EMPWR 2024 1A A1R 144A3.35%500,000$501K3

Showing 1–15 of 29 holdings

UUPP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

UUPP$10,069
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. UUPP $10,069. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for UUPP. Periods over one year show the average yearly return.
PeriodUUPP
Year to dateFund launched this year—
1 month−0.1%
3 months+0.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UUPP
YearReturn barUUPP
2026 YTD+1.2%

History from May 21, 2026

UUPP in the news

ETF.net Research hasn’t filed on UUPP yet — coverage lands here as it’s written.

UUPP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Jul 1, 2026 $0.12; Aug 3, 2026 $0.11; Sep 1, 2026 $0.10. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.10
Aug 3, 2026Aug 5, 2026$0.11
Jul 1, 2026Jul 6, 2026$0.12

UUPP Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−0.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

UUPP Cost

Expense ratio0.19%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

No Collateralized Loan Obligations (CLO) fund charges less.

UUPP costs $19.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.