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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal Investment Grade Corporate Active ETF

IG | Active ETF

$20.68

$75.8 M

5.00%

$1.04

0.19%

Vitals

YTD Return

2.9%

1 yr return

8.5%

3 Yr Avg Return

-2.8%

5 Yr Avg Return

0.4%

Net Assets

$75.8 M

Holdings in Top 10

20.4%

52 WEEK LOW AND HIGH

$20.7
$19.96
$21.49

Expenses

OPERATING FEES

Expense Ratio 0.19%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 67.80%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal Investment Grade Corporate Active ETF

IG | Active ETF

$20.68

$75.8 M

5.00%

$1.04

0.19%

IG - Profile

Distributions

  • YTD Total Return 2.9%
  • 3 Yr Annualized Total Return -2.8%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.30%
DIVIDENDS
  • Dividend Yield 5.0%
  • 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
    17200001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Darryl Trunnel

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"). If a security has been rated by only one of the rating agencies, that rating will determine the security’s rating; if the security is rated differently by the rating agencies, the highest rating will be used; and if the security has not been rated by either of the rating agencies, those selecting such investments will determine the security’s quality.
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 portfolio is not managed to a particular maturity. Under normal circumstances, the Fund maintains an average portfolio duration that is within +/- 10% of the duration of the Bloomberg U.S. Corporate Investment Grade Bond Index, which as of September 30, 2024 was 7.09 years. The Fund actively trades securities.
The Fund invests in derivatives, including treasury futures for hedging or to otherwise manage fixed-income exposure, as well as credit default swaps and credit index futures, including buying and selling on individual securities and/or baskets of securities, to efficiently manage exposures to certain sectors or individual issuers. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index.
The Fund’s strategies may result in the active and frequent trading of the Fund’s portfolio securities.
Read More

IG - Performance

Return Ranking - Trailing

Period IG Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -1.4% 7.7% 61.27%
1 Yr 8.5% 3.6% 12.2% 57.23%
3 Yr -2.8%* -7.7% 40.6% 79.65%
5 Yr 0.4%* -7.1% 25.4% 70.63%
10 Yr N/A* -0.1% 14.4% 16.67%

* Annualized

Return Ranking - Calendar

Period IG Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -5.6% 6.3% 89.60%
2022 -22.4% -28.7% 142.1% 97.67%
2021 -4.0% -12.3% 4.9% 42.60%
2020 5.5% -8.0% 10.6% 53.33%
2019 7.8% 4.3% 13.4% 89.68%

Total Return Ranking - Trailing

Period IG Return Category Return Low Category Return High Rank in Category (%)
YTD 2.9% -1.4% 7.7% 61.27%
1 Yr 8.5% 3.6% 12.2% 57.23%
3 Yr -2.8%* -7.7% 40.6% 79.65%
5 Yr 0.4%* -7.1% 25.4% 70.63%
10 Yr N/A* -0.1% 14.4% N/A

* Annualized

Total Return Ranking - Calendar

Period IG Return Category Return Low Category Return High Rank in Category (%)
2023 7.5% -5.6% 12.9% 83.82%
2022 -17.0% -25.6% 151.8% 84.88%
2021 -0.9% -5.1% 7.5% 60.36%
2020 10.8% -8.0% 116.0% 39.39%
2019 15.6% 6.7% 17.4% 12.26%

IG - Holdings

Concentration Analysis

IG Category Low Category High IG % Rank
Net Assets 75.8 M 17.6 M 47.3 B 86.13%
Number of Holdings 188 4 10364 93.64%
Net Assets in Top 10 18.3 M -29.6 M 3.03 B 79.19%
Weighting of Top 10 20.40% 1.7% 143.7% 13.87%

Top 10 Holdings

  1. Morgan Stanley 3.30%
  2. JPMorgan Chase Co. 2.67%
  3. Bank of America Corp. 2.17%
  4. Wells Fargo Co. 2.05%
  5. Becton Dickinson Co. 1.86%
  6. Principal Government Money Market Fund 1.80%
  7. NiSource, Inc. 1.66%
  8. T-Mobile USA, Inc. 1.65%
  9. VMware LLC 1.63%
  10. ATT, Inc. 1.60%

Asset Allocation

Weighting Return Low Return High IG % Rank
Bonds 		98.73% 0.00% 136.47% 16.18%
Convertible Bonds 		3.83% 0.00% 78.47% 62.43%
Cash 		2.85% -43.80% 45.89% 41.62%
Stocks 		0.00% 0.00% 99.98% 54.91%
Preferred Stocks 		0.00% 0.00% 9.18% 57.23%
Other 		-0.04% -4.61% 11.28% 90.75%

Bond Sector Breakdown

Weighting Return Low Return High IG % Rank
Corporate 		94.82% 41.80% 99.52% 15.61%
Cash & Equivalents 		2.85% 0.00% 45.89% 32.37%
Government 		1.68% 0.00% 25.63% 76.88%
Securitized 		0.59% 0.00% 23.18% 59.54%
Municipal 		0.00% 0.00% 3.37% 77.46%
Derivative 		-0.04% -2.67% 2.14% 78.61%

Bond Geographic Breakdown

Weighting Return Low Return High IG % Rank
US 		98.73% 0.00% 110.12% 14.45%
Non US 		0.00% 0.00% 47.05% 60.69%

IG - Expenses

Operational Fees

IG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.19% 0.03% 3.33% 88.24%
Management Fee 0.19% 0.00% 1.35% 15.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 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% 4.00% 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 67.80% 0.00% 259.00% 51.46%

IG - Distributions

Dividend Yield Analysis

IG Category Low Category High IG % Rank
Dividend Yield 5.00% 0.00% 6.00% 18.50%

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 2.30% 0.38% 5.93% 47.37%

Capital Gain Distribution Analysis

IG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

IG - Fund Manager Analysis

Managers

Darryl Trunnel

Start Date

Tenure

Tenure Rank

Mar 25, 2022

0.18

0.2%

Darryl is portfolio manager at Principal Global Fixed Income with responsibility for emerging markets and manages opportunistic credit strategies. Darryl joined the firm in 2008. Darryl has 25 years experience in the asset management industry, and prior to joining PGI was founder, principal, and portfolio manager at Blackhawk Capital Management, Iowa City, Iowa. In this capacity, he managed and operated a hedge fund including managing and trading the corporate bond and credit derivative portfolio. His background also includes positions with Credit Suisse First Boston as a director, with Eagle Capital as a principal and corporate bond trading manager, and with Cargill as an options trading and trading technology manager. He received a bachelor's degree in agricultural business from Iowa State University. Darryl has earned the right to use the Chartered Financial Analyst designation and is a member of both the CFA Institute and the CFA Society of Iowa.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.81 4.41

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