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 Moodys Investors Service, Inc. ("Moodys") or, if unrated, of comparable quality in the opinion of those selecting such investments. If the security has been rated by only one of those agencies, that rating will determine whether the security is investment grade. The fixed income securities in which the Fund invests include foreign securities, corporate securities, securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, and securities issued or guaranteed by foreign governments payable in U.S. dollars. The Fund invests in other investment companies, including exchange-traded funds that invest in fixed income securities. Under normal circumstances, the Fund maintains an average portfolio duration that is within +/- 10% of the duration of the Bloomberg Barclays U.S. Corporate Investment Grade Bond Index, which as of March 30, 2018 was 7.50 years. The Fund utilizes exchange-traded and over-the-counter derivative strategies.
Fund Profile
Fund Name Principal Investment Grade Corporate Active ETF
Fund Exchange Ticker IG
Fund Sponsor Principal Financial Services
Fund ISIN US74255Y8214
Net Expense Ratio 0.26 %
Fund Inception Date 19 April 2018
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Broad Market
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 18 January 2019
Asset Under Management 225.43 Million (USD)
1 Month Total Return 1.07 %
Year To Date Return 1.19 %
1 Year Total Return
3 Year Annualized Total Return
NAV 24.24
Share Outstanding 9,300,000
Top 10 Holdings (18 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Other Net Assets OTHR 0.03936909169581205
SABINE PASS LIQUEFACTION SR SECURED 05/24 5.75 BOND 0.017807774616734266
GOLDMAN SACHS GROUP INC SR UNSECURED 01/27 3.85 BOND 0.015957236705431015
DAIMLER FINANCE NA LLC COMPANY GUAR 144A 03/20 2.25 BOND 0.015941420082827614
ROYAL BK SCOTLND GRP PLC SUBORDINATED 05/24 5.125 BOND 0.015695610302790815
COMCAST CORP COMPANY GUAR 02/25 3.375 BOND 0.014751690207064037
SYNCHRONY BANK SR UNSECURED 06/22 3 BOND 0.014504187103169518
BANK OF AMERICA CORP SUBORDINATED 10/26 4.25 BOND 0.01448447565791658
MEDTRONIC INC COMPANY GUAR 03/20 2.5 BOND 0.01339410140394997