Document


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

November 25 , 2024

State Street Global Services One Congress Street

Boston, Massachusetts 02114-2016 Attention: David Whelan, Vice President

Re: PRINCIPAL EXCHANGE-TRADED FUNDS (the "Fund")

Ladies and Gentlemen:

Please be advised that the undersigned Fund has established a new series of shares to be known as Principal International Equity ETF (the "Portfolio").

In accordance with Section 20.5, the Additional Portfolios provision, of the Custodian Agreement dated as of May 21, 2015, as amended, modified, or supplemented from time to time (the "Agreement"), by and

among each registered investment company party thereto, and State Street Bank and Trust Company ("State Street", the undersigned Fund hereby requests that State Street act as Custodian for the new Portfolio under the terms of the Agreement, and that Appendix A to the Agreement is hereby amended and restated as set forth on Exhibit A attached hereto. In connection with such request, the undersigned Fund hereby confirms, as of the date hereof, its representations and warranties set forth in Section 20.6 of the Agreement.

Please indicate your acceptance of the foregoing by executing two copies of this letter agreement, returning one to the Fund and retaining one for your records.

Sincerely,

PRINCIPAL EXCHANGE-TRADED FUNDS

on behalf of:

PRINCIPAL INTERNATIONAL EQUITY ETF

By: /s/ Adam Shaikh

Name: Adam Shaikh

Title: Vice President and Assistant General Counsel


Agreed and Accepted:
STATE STREET BANK AND TRUST COMPANY

By:			/s/ David Whelan
Name:			David Whelan
Title:			Managing Director

Effective Date: November 5, 2024

APPENDIX A

Custodian agreement

Principal Active High Yield ETF

Principal Focused Blue Chip ETF

Principal International Equity ETF

Principal Investment Grade Corporate Active ETF

Principal Quality ETF

Principal Real Estate Active Opportunities ETF

Principal Spectrum Preferred Securities Active ETF

Principal Spectrum Tax-Advantaged Dividend Active ETF

Principal U.S. Mega-Cap ETF

Principal U.S. Small-Cap ETF Principal Value ETF