EX-99.(L)(IV) 11 etf-investmentletter092116.htm ETF INVESTMENT LETTER - 092116 Exhibit


Principal Financial Services, Inc.
711 High Street, Des Moines, IA 50392
515 247 5111 tel
www.principal.com
newprincipallogo.jpg




September 21, 2016


Mr. Mike Beer
Chief Executive Officer and President
Principal Exchange-Traded Funds
Principal Financial Group
Des Moines, IA 50392


Dear Mr. Beer:

Principal Financial Services, Inc. intends to purchase the following shares (the “Shares”):
Principal Exchange-Traded Funds
Purchase
Amount
Shares
Purchased
Principal U.S. Small Cap Index ETF
$25.00
1

Each share of the Principal Exchange-Traded Funds has no par value and a price of $25 per share. In connection with such purchases, Principal Financial Services, Inc. represents and warrants that it will purchase such Shares as an investment and not with a view to resell, distribute or redeem.
PRINCIPAL FINANCIAL SERVICES, INC.
 
 
BY
/s/ Clint Woods
 
Clint Woods
 
Vice President and Associate General Counsel