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Trending ETFs

Principal Investment Grade Corporate Active ETF

etf
IG
Dividend policy
Active
Price as of:
$27.22 +0.11 +0%
primary theme
Corporate Bond
IG (ETF)

Principal Investment Grade Corporate Active ETF

Dividend policy
Active
Price as of:
$27.22 +0.11 +0%
primary theme
Corporate Bond
IG (ETF)
Principal Investment Grade Corporate Active ETF
Dividend policy
Active
Price as of:
$27.22 +0.11 +0%
primary theme
Corporate Bond

IG - Snapshot

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $332 M
  • Holdings in Top 10 13.4%

52 WEEK LOW AND HIGH

$27.10
$21.95
$27.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.26%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 73.30%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Aug 19, 2020
  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Corporate Bond
  • Fund Type Exchange Traded Fund
  • Investment Style Corporate Bond

Compare IG to Popular Corporate Bond Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$32.06

-0.06%

$44.56 B

2.60%

$0.83

blocked
blocked
blocked

-0.77%

-

$10.38

-0.10%

$37.58 B

2.52%

$0.26

blocked
blocked
blocked

-0.86%

-

$11.14

-0.18%

$20.79 B

3.45%

$0.39

blocked
blocked
blocked

-1.33%

-

$15.55

-0.26%

$6.34 B

2.58%

$0.40

blocked
blocked
blocked

-1.40%

-

$12.84

-0.16%

$3.59 B

2.54%

$0.33

blocked
blocked
blocked

-1.15%

-

Compare IG to Popular Corporate Bond ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$135.93

-0.43%

$55.24 B

2.69%

$3.67

blocked
blocked
blocked

-1.44%

-

$96.44

+0.07%

$44.56 B

2.60%

$2.50

blocked
blocked
blocked

-0.72%

-

$61.35

+0.10%

$11.11 B

2.76%

$1.69

blocked
blocked
blocked

-0.71%

-

$37.00

0.00%

$6.05 B

2.19%

$0.81

blocked
blocked
blocked

-0.48%

-

$61.31

+0.10%

$5.96 B

2.85%

$1.75

blocked
blocked
blocked

-1.07%

-

IG - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Investment Grade Corporate Active ETF
  • Fund Family Name
    Principal Funds
  • Inception Date
    Apr 18, 2018
  • Shares Outstanding
    12150001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Minnetian

Fund Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in investment grade corporate bonds and other fixed income securities at the time of purchase. "Investment grade" securities are rated BBB- or higher by S&P Global Ratings ("S&P Global") or Baa3 or higher by Moody's Investors Service, Inc. ("Moody's") or, if unrated, of comparable quality in the opinion of those selecting such investments.


IG - Performance

Return Ranking - Trailing

Period IG Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -1.7% 2.0% 18.94%
1 Yr 10.9% -1.9% 17.8% 31.22%
3 Yr N/A* 0.6% 8.6% N/A
5 Yr N/A* 2.9% 10.1% N/A
10 Yr N/A* 2.7% 8.3% N/A

* Annualized

Return Ranking - Calendar

Period IG Return Category Return Low Category Return High Rank in Category (%)
2020 5.5% -13.0% 10.6% 43.98%
2019 7.8% -3.9% 14.2% 84.83%
2018 N/A -52.7% 0.3% N/A
2017 N/A -3.5% 6.1% N/A
2016 N/A -0.7% 35.8% N/A

Total Return Ranking - Trailing

Period IG Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -1.7% 2.0% 18.94%
1 Yr 10.9% -1.9% 17.8% 26.70%
3 Yr N/A* 0.6% 8.6% N/A
5 Yr N/A* 2.9% 10.1% N/A
10 Yr N/A* 2.7% 8.3% N/A

* Annualized

Total Return Ranking - Calendar

Period IG Return Category Return Low Category Return High Rank in Category (%)
2020 5.5% -13.0% 10.6% 43.98%
2019 7.8% -3.9% 14.2% 84.76%
2018 N/A -14.6% 92.1% N/A
2017 N/A -3.5% 7.2% N/A
2016 N/A -0.7% 35.8% N/A

IG - Holdings

Concentration Analysis

IG Category Low Category High IG % Rank
Net Assets 332 M 7.37 M 55.2 B 59.21%
Number of Holdings 269 1 7680 73.80%
Net Assets in Top 10 35.2 M -27.2 M 3.64 B 60.26%
Weighting of Top 10 13.41% 1.7% 100.0% 46.49%

Top 10 Holdings

  1. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  2. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  3. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  4. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  5. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  6. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  7. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  8. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  9. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%
  10. Us Ultra Bond Cbt Mar21 Xcbt 20210322 2.04%

Asset Allocation

Weighting Return Low Return High IG % Rank
Bonds
90.07% 0.00% 128.33% 75.11%
Convertible Bonds
8.45% 0.00% 79.15% 1.31%
Cash
1.48% -41.09% 100.00% 56.33%
Stocks
0.00% 0.00% 3.20% 36.68%
Preferred Stocks
0.00% 0.00% 29.55% 54.59%
Other
0.00% -38.66% 5.66% 25.76%

Bond Sector Breakdown

Weighting Return Low Return High IG % Rank
Corporate
97.91% 0.00% 100.00% 13.97%
Cash & Equivalents
1.46% 0.00% 100.00% 63.32%
Securitized
0.63% 0.00% 41.59% 41.48%
Derivative
0.00% 0.00% 4.73% 38.86%
Municipal
0.00% 0.00% 4.12% 69.87%
Government
0.00% 0.00% 33.61% 86.90%

Bond Geographic Breakdown

Weighting Return Low Return High IG % Rank
US
72.76% 0.00% 125.21% 84.28%
Non US
17.31% 0.00% 42.48% 33.19%

IG - Expenses

Operational Fees

IG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.03% 8.55% 85.98%
Management Fee 0.26% 0.00% 1.35% 22.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

IG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.30% 0.00% 241.00% 49.32%

IG - Distributions

Dividend Yield Analysis

IG Category Low Category High IG % Rank
Dividend Yield 2.18% 0.00% 2.76% 1.31%

Dividend Distribution Analysis

IG Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

IG Category Low Category High IG % Rank
Net Income Ratio 3.37% -1.57% 8.62% 21.17%

Capital Gain Distribution Analysis

IG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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IG - Fund Manager Analysis

Managers

Matthew Minnetian


Start Date

Tenure

Tenure Rank

Dec 18, 2020

0.04

0.0%

Director—Insurance Strategies Matthew J. Minnetian manages investment-grade fixed-income portfolios and is Director of Insurance Strategies. Prior to joining the firm, he was a senior fixed-income research analyst at Donaldson, Lufkin & Jenrette (DLJ), where he covered investment-grade and high-yield insurance credits. Minnetian previously followed the insurance sector as an employee in DLJ’s Equity Research Group and as an industry analyst at Marsh & McLennan. He holds a BA and an MBA from Columbia University and is a CFA charterholder. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 23.35 5.66 1.0