# Principal Exchange-Traded Funds - Principal Long Duration ETF (DWWN): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dwwn for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Principal Funds · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2026-05-20 DWWN is an actively managed ETF designed to generate current income, with a secondary goal of capital appreciation, during periods of falling US interest rates. The fund mainly invests in US Treasury STRIPS (Separate Trading of Registered Interest and Principal of Securities). These instruments are created by separating a Treasury security's interest payments from its principal. The detached interest components are sold individually as zero-interest securities, while the principal is redeemed at par upon maturity. While the fund is not managed to a specific maturity, it targets an average p... ## Key Facts | Metric | Value | |---|---| | Price | $23.75 | | Expense Ratio | 0.19% | | Assets Under Management | $10.9M | | NAV | $24.25 | | Holdings Count | 57 | | Distribution Yield (TTM) | 1.89% | | Annual Distribution (TTM) | $0.45 /share | | Distribution Frequency | Monthly | | 52-Week Range | $21.97 – $26.87 | | Beta | 0.46 | ## Latest Distribution - Amount: $0.1042 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-05 ## Frequently Asked Questions ### What does DWWN invest in? DWWN is an actively managed ETF designed to generate current income, with a secondary goal of capital appreciation, during periods of falling US interest rates. The fund mainly invests in US Treasury STRIPS (Separate Trading of Registered Interest and Principal of Securities). These instruments are created by separating a Treasury security's interest payments from its principal. The detached interest components are sold individually as zero-interest securities, while the principal is redeemed at par upon maturity. While the fund is not managed to a specific maturity, it targets an average portfolio duration within around 10% of its benchmark index, which focuses on maturities exceeding 20 years. The fund may also hold other US Treasury securities. To manage duration and pursue tactical positioning, the fund utilizes derivatives. The funds strategy may result in frequent and active trading. ### What is the expense ratio of DWWN? Principal Exchange-Traded Funds - Principal Long Duration ETF (DWWN) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations. ### What is DWWN's dividend yield? DWWN's trailing-twelve-month yield is 1.89%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of DWWN? Effective duration measures DWWN's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DWWN's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of DWWN? DWWN's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of DWWN? Yield to maturity (YTM) is the total return you'd earn from DWWN if every bond in the portfolio is held to maturity at the current price. DWWN's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does DWWN pay a dividend? Yes, Principal Exchange-Traded Funds - Principal Long Duration ETF (DWWN) distributes dividends to shareholders. The trailing-twelve-month yield is 1.89%. Full dividend history is on this page. ### How often does DWWN pay dividends? Principal Exchange-Traded Funds - Principal Long Duration ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is DWWN's next ex-dividend date? The most recently announced ex-dividend date for DWWN was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will DWWN's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DWWN charge its expense ratio? The expense ratio is deducted in tiny daily slices from DWWN's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DWWN cost more than a fund like VOO? DWWN is actively managed (current expense ratio 0.19%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DWWN's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DWWN? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DWWN (0.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dwwn - Distribution history: https://www.dividenddata.com/funds/dwwn/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dwwn/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dwwn/expenses - Peer comparison: https://www.dividenddata.com/funds/dwwn/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.