---
ticker: "UUPP"
name: "Principal Exchange-Traded Funds - Principal CLO ETF"
url: "https://etf.net/etf/UUPP"
grade: "C"
score: 54
graded_at: "2026-10-12"
category: "Collateralized Loan Obligations (CLO)"
category_rank: "14 of 34"
methodology: "https://etf.net/methodology"
---

# UUPP: Principal Exchange-Traded Funds - Principal CLO ETF

Grade **C**, Score 54 of 100. Rank 14 of 34 in Collateralized Loan Obligations (CLO).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 83 | 1 of 34 |
| Mission | Not scored | — |
| Risk | 53 | 16 of 33 |
| Tradability | 19 | 33 of 34 |
| Holdings | 39 | 29 of 34 |
| Durability | 18 | 32 of 34 |

## Top holdings

The fund holds 29 positions. These are the largest 29, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Venture Cdo Ltd Ventr 2023 47A A1RR 144A | 4.71% |
| 2 | — | Apidos Clo Apid 2023 46A A2R 144A | 4.71% |
| 3 | — | Ares Clo Ltd Ares 2020 57A A1R2 144A | 4.71% |
| 4 | — | Madison Park Funding Ltd Mdpk 2021 38A A2R 144A | 4.71% |
| 5 | — | Brant Point Clo Ltd Brtpt 2024 5A A2 144A | 4.71% |
| 6 | — | Elmwood Clo 16 Ltd ELM16 2022 3A Arr 144A | 4.71% |
| 7 | — | Kkr Financial Clo Ltd Kkr 37A Ar 144A | 4.70% |
| 8 | — | Brant Point Clo Ltd Brtpt 2024 3A A1R 144A | 4.70% |
| 9 | — | Rin Ltd Rin 2023 2A A1R 144A | 4.70% |
| 10 | — | Capital Four Us Clo C4US 2022 2A A2R 144A | 4.69% |
| 11 | — | Anchorage Capital Clo Ltd Anchc 2016 8A A1R3 144A | 4.38% |
| 12 | — | Tcw Ltd Tcw 2025 1A A 144A | 4.03% |
| 13 | — | Treasury Bill 12/26 0.00000 | 3.90% |
| 14 | — | Abry Liquid Credit Clo Ltd Alc 2026 3A A1 144A | 3.89% |
| 15 | — | Empower Clo Ltd. Empwr 2024 1A A1R 144A | 3.37% |
| 16 | — | Brant Point Clo Ltd Brtpt 2025 7A A1 144A | 3.37% |
| 17 | — | Ngc Ltd Ngc 2024 1A Ajr 144A | 3.37% |
| 18 | — | Goldentree Loan Management Us Glm 2022 15A Ajr 144A | 3.37% |
| 19 | — | Wellfleet Clo Ltd Welf 2021 2A A1R 144A | 3.36% |
| 20 | — | Madison Park Funding Ltd Mdpk 2026 77A A1 144A | 3.36% |
| 21 | — | Magnetite Clo Ltd Magne 2023 34A A1R 144A | 3.36% |
| 22 | — | Madison Park Funding Ltd Mdpk 2022 55A A1R 144A | 2.49% |
| 23 | — | Sycamore Tree Clo Ltd Stcp 2025 6A A1 144A | 1.95% |
| 24 | — | Woodmont Trust Wdmnt 2023 12A A1R 144A | 1.87% |
| 25 | — | Point Au Roche Park Clo, Ltd Parpk 2021 1A Ar 144A | 1.75% |
| 26 | — | Bluemountain Clo Ltd Bluem 2021 28A A1R 144A | 1.68% |
| 27 | — | Silver Point Clo, Ltd Spclo 2025 12A A1 144A | 1.68% |
| 28 | — | Carval Clo Ltd Carvl 2024 2A A 144A | 1.68% |
| 29 | GVMXX | State Street Institutional Us State St Inst Us Gov Mm Prem | 0.09% |

Source: etf.net, https://etf.net/etf/UUPP. Please cite the page URL.