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 0.19 %
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 26 November 2021
Asset Under Management 489.35 Million (USD)
1 Month Total Return -0.81 %
Year To Date Return -1.91 %
1 Year Total Return -1.92 %
3 Year Annualized Total Return 7.57 %
NAV 26.38
Share Outstanding 18,550,000
Top 10 Holdings (26 November 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
BP CAP MARKETS AMERICA COMPANY GUAR 11/28 4.234 BOND 5.769600264806495e-05
SABINE PASS LIQUEFACTION SR SECURED 05/24 5.75 BOND 2.020351950797795e-05
GE CAPITAL INTL FUNDING COMPANY GUAR 11/35 4.418 BOND 0.01381848183548283
JPMORGAN CHASE + CO SR UNSECURED 02/27 VAR BOND 0.013810685945669069
BARCLAYS PLC SUBORDINATED 05/28 4.836 BOND 0.012619739301605714
CVS HEALTH CORP SR UNSECURED 03/48 5.05 BOND 0.012534084479648214
HSBC HOLDINGS PLC SR UNSECURED 05/27 VAR BOND 0.012465026763844516
BOEING CO SR UNSECURED 02/26 2.196 BOND 0.011077222584207097
BANK OF AMERICA CORP SUBORDINATED 10/26 4.25 BOND 0.011071597736508171
AERCAP IRELAND CAP/GLOBA COMPANY GUAR 02/24 3.15 BOND 0.010803492225892903