---
ticker: "WDE"
name: "Principal Exchange-Traded Funds - Principal Securitized Debt ETF"
url: "https://etf.net/etf/WDE"
grade: "C"
score: 49
graded_at: "2026-10-12"
category: "Multi-Sector Securitized Bond"
category_rank: "3 of 11"
methodology: "https://etf.net/methodology"
---

# WDE: Principal Exchange-Traded Funds - Principal Securitized Debt ETF

Grade **C**, Score 49 of 100. Rank 3 of 11 in Multi-Sector Securitized Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 90 | 1 of 11 |
| Mission | Not scored | — |
| Risk | 20 | 10 of 10 |
| Tradability | 23 | 9 of 11 |
| Holdings | 27 | 11 of 11 |
| Durability | 19 | 11 of 11 |

## Top holdings

The fund holds 64 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | GVMXX | State Street Institutional Us State St Inst Us Gov Mm Prem | 6.75% |
| 2 | — | Treasury Bill 12/26 0.00000 | 3.76% |
| 3 | — | Great America Leasing Receivab Galc 2025 1 A3 144A | 3.36% |
| 4 | — | Mswf Commercial Mortgage Trust Mswf 2023 1 A5 | 3.35% |
| 5 | — | Us Treasury N/B 06/31 4.125 | 3.33% |
| 6 | — | Enterprise Fleet Financing Llc Eff 2025 4 A3 144A | 3.31% |
| 7 | — | Ggp Trust Ggp 2026 Ssp A 144A | 3.26% |
| 8 | — | Pg+e Recovery Fnd Llc Sr Secured 01/40 5.256 | 3.23% |
| 9 | — | Cone Commercial Mortgage Trust Cone 2026 DFW3 A 144A | 3.22% |
| 10 | — | Bank Bank 2021 BN35 Xb | 3.07% |
| 11 | — | Gls Auto Select Receivables Tr Gsar 2026 1A A2 144A | 2.70% |
| 12 | — | Morgan Stanley Capital I Trust Msc 2016 UBS9 As | 2.63% |
| 13 | — | Volkswagen Auto Lease Trust Vwalt 2025 B A3 | 2.46% |
| 14 | — | Bfld Trust Bfld 2025 5MW A 144A | 2.43% |
| 15 | — | Fed Hm Ln Pc Pool SL5761 Fr 07/56 Fixed 5.5 | 2.28% |
| 16 | — | Gs Mortgage Securities Trust Gsms 2020 GC47 Xa | 2.10% |
| 17 | — | Fed Hm Ln Pc Pool RJ5734 Fr 01/56 Fixed 5 | 2.06% |
| 18 | — | Gnma Ii Tba 30 Yr 5 Jumbos | 1.74% |
| 19 | — | Fnma Pool MA4511 Fn 01/52 Fixed 2 | 1.70% |
| 20 | — | Barclays Commercial Mortgage’s Bbcms 2026 5C43 A1 | 1.69% |
| 21 | — | Smrt Commercial Mortgage Trust Smrt 2026 Mini A 144A | 1.69% |
| 22 | — | Bank Bank 2026 BNK52 Xa | 1.65% |
| 23 | — | BANK5 BANK5 2026 5YR20 As | 1.64% |
| 24 | — | Nyc Commercial Mortgage Trust Nyc 2026 7W34 A 144A | 1.62% |
| 25 | — | Gnma Ii Pool MA7589 G2 09/51 Fixed 2.5 | 1.62% |
| 26 | — | Barclays Commercial Mortgage’s Bbcms 2024 C30 A1 | 1.57% |
| 27 | — | Bx Trust Bx 2026 VLT10 A 144A | 1.54% |
| 28 | — | Fnma Pool FS4708 Fn 05/53 Fixed Var | 1.51% |
| 29 | — | Fnma Pool FA5109 Fn 06/52 Fixed Var | 1.35% |
| 30 | — | Bank Bank 2018 BN10 Xa | 1.24% |

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