Principal Investment Grade Corporate Active ETF (IG)

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Show data:

Fund Prices
(as of ) (as of ) (as of ) (as of )

$ Price $ NAV $ Chg Price $ Chg NAV YTD % (Price)
24.05 24.05 24.71 24.71 -0.02 -0.02 NA NA -0.08 -0.08 NA NA NA NA NA NA

Average Annual Total Returns (%)
(as of ) (as of ) (as of ) (as of )

1 yr 3 yr 5 yr 10 yr Since
Incep
Incep
Date
NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA -0.06 -1.70 0.12 -1.38

Fund Expenses

Net
Expense
Gross
Expense
Expense Limit
Expiration
Expense Waiver
Expiration
0.26 0.26 N/A N/A
SEC Yield % Benchmark
4.22 LUACTRUU

Morningstar Rating

Category: Corporate Bond

N/A
182 funds
N/A
152 funds
N/A
82 funds
N/A
182 funds

​Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns, and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. 


Investment Strategy What's This?

The investment seeks to provide current income and, as a secondary objective, capital appreciation. 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.

Investment Manager or Sub-advisor

Principal Global Investors, LLC

Portfolio Managers

John Friedl
Since
Daniela Spassova
Since
Paul Kim
Since
Timothy Warrick
Since

Premium/Discount to NAV What's This?

Sorry, but there is no data available for this quarter.
Sorry, but there is no data available for this quarter.

This information shows differences between the per share net asset value (NAV) of the Fund and the market trading price of shares. For these purposes, the market price is the midpoint of the highest bid and lowest offer for Fund shares as of close of trading on the exchange where Fund shares are listed. Timing discrepancies may exist between NAV and closing price. Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.​

Total Returns What's This?


Average Annual Total Returns
as of
1Mo 3Mo YTD 1Yr 3Yr 5Yr 10Yr Since Inception*
Net Asset Value (NAV) Return -1.64 -1.47 NA NA NA NA NA -1.70
Market Price Return -1.50 -1.48 NA NA NA NA NA -1.38
Bloomberg Barclays U.S. Corporate Investment Grade Bond Index -1.46 -1.33 NA NA NA NA NA -1.23
Corporate Bond -1.28 -1.10 -3.20 -2.67 2.55 2.90 6.37 NA
Morningstar Percentile Rankings NA NA NA NA NA NA NA NA
# of Funds in Category 267 263 253 252 182 152 82 NA
Average Annual Total Returns
as of
1Mo 3Mo YTD 1Yr 3Yr 5Yr 10Yr Since Inception*
Net Asset Value (NAV) Return -0.18 1.28 NA NA NA NA NA -0.06
Market Price Return -0.23 1.27 NA NA NA NA NA 0.12
Bloomberg Barclays U.S. Corporate Investment Grade Bond Index -0.36 0.97 NA NA NA NA NA 0.24
* Inception date: What's This?

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.


Where gross and net expense ratios differ, Principal Management Corporation has contractually agreed to limit the investment option's expenses. Differences also may be due to Principal Management Corporation's decision to pay (through the same dates) certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.

Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.



Calendar Year Total Returns 2017 2016 2015 2014 2013
Net Asset Value (NAV) Return 0.00 0.00 0.00 0.00 0.00
Market Price Return 0.00 0.00 0.00 0.00 0.00
Bloomberg Barclays U.S. Corporate Investment Grade Bond Index 0.00 0.00 0.00 0.00 0.00
Corporate Bond 5.79 6.51 -1.39 6.93 -1.06
Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.

Expenses
as of

Total Investment Expense - Gross:
0.26%
Total Investment Expense - Net:
0.26%
Waiver Date:
NA
Contractual Cap Date:
NA

Distribution History What's This?

Ex-Date
Type
$ Per Share
11/01/2018
Income
0.082044
10/01/2018
Income
0.080656
09/04/2018
Income
0.081861
08/01/2018
Income
0.082162
07/02/2018
Income
0.077366
06/01/2018
Income
0.077363

Dividends are paid monthly.

Daily Pricing at NAV

Risk and Return Statistics
as of N/A

3 Year
5 Year
Alpha
--
--
Beta
--
--
R-Squared
--
--
Standard Deviation
--
--
Mean
--
--
Sharpe Ratio
--
--
Excess Return
--
--
Tracking Error
--
--
Information Ratio
--
--
Inception Date:

Risk and return statistical data is calculated by Morningstar, Inc. Excess Return is calculated by Principal Life Insurance Company.

Alpha - The difference between an investment's actual returns and its expected performance, given its level of risk (as measured by beta).

Beta - An investment's sensitivity to market movements.

R-Squared - Ranges from 0 to 100 and reveals how closely an investment's returns track those of a benchmark index.

Standard Deviation - Measures how much an investment's returns are likely to fluctuate.

Mean - Represents the annualized total return for a fund over 3 years.

Sharpe Ratio - Measures how an investment balances risks and rewards. The higher the Sharpe ratio, the better the investment's historical risk-adjusted performance.

Excess Return - The difference between an investment option's return and the return of an external standard such as a passive index.

Tracking Error - Also known as "excess risk", is defined as the standard deviation or volatility of excess returns.

Information Ratio - A risk-adjusted measure commonly used to evaluate an active manager's involvement skill. It's defined as the manager's excess return divided by the variability or standard deviation of the excess return.

Morningstar Star Rating™
as of N/A

3 Year
5 Year
Overall
Rating
---
---
---
# Funds
182
152
182
Morningstar Category: Corporate Bond
What's This?
Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Portfolio Composition
as of What's This?

Asset Type
Net
Short
Long
U.S. Bonds
84.05%
0.00%
84.05%
Non-U.S. Bonds
14.89%
0.00%
14.89%
U.S. Stocks
0.00%
0.00%
0.00%
Non-U.S. Stocks
0.00%
0.00%
0.00%
Preferred
0.00%
0.00%
0.00%
Other
0.00%
0.00%
0.00%
Cash
0.48%
0.00%
0.48%
Convertibles
0.59%
0.00%
0.59%
Total
100.00%

Top 10 Holdings
as of What's This?

Total Market Value
% of Net Assets
SABINE PASS LIQUEFACTION SR SECURED 05/24 5.75
3,943,677.38
1.77%
ROYAL BK SCOTLND GRP PLC SUBORDINATED 05/24 5.125
3,803,724.69
1.70%
DBS GROUP HOLDINGS LTD SUBORDINATED 144A 12/28 VAR
3,762,623.60
1.69%
DAIMLER FINANCE NA LLC COMPANY GUAR 144A 03/20 2.25
3,560,602.73
1.60%
GOLDMAN SACHS GROUP INC SR UNSECURED 01/27 3.85
3,535,767.27
1.58%
GOLDMAN SACHS GROUP INC SR UNSECURED 06/23 VAR
3,353,144.84
1.50%
SYNCHRONY BANK SR UNSECURED 06/22 3
3,303,709.99
1.48%
COMCAST CORP COMPANY GUAR 02/25 3.375
3,237,189.28
1.45%
BANK OF AMERICA CORP SUBORDINATED 10/26 4.25
3,187,046.43
1.43%
CANADIAN NATL RESOURCES SR UNSECURED 06/27 3.85
3,163,520.11
1.42%

Includes, but is not limited to, unsettled activity from creation/redemption transactions and portfolio security trades and accrued interest.

Values may exceed 100% if both long and short positions are included in the portfolio.

Holdings subject to change​.

Stock Sector Breakdown
as of
What's This?

% of Stocks

Cyclical
0.00
Basic Materials
0.00
Consumer Cyclical
0.00
Financial Services
0.00
Real Estate
0.00

Defensive
0.00
Consumer Defensive
0.00
Healthcare
0.00
Utilities
0.00

Sensitive
0.00
Communication Services
0.00
Energy
0.00
Industrials
0.00
Technology
0.00

Morningstar Style Box
as of
What's This?

Sorry, but there is no style box data available for this fund.

Analysis
as of

Average Market Cap (mil):
$
Price/Earnings Ratio:
N/A
Price/Book Ratio:
N/A
Price/Cash Flow Ratio:
N/A
Turnover Ratio:
47.80%
# Stock Holdings:
0
# Bond Holdings:
183
# Other Holdings:
3
# Total Holdings:
186

The Principal Investment Grade Corporate Active ETF is an actively managed exchange-traded fund incorporated in the United States. The Fund strives to outperform its benchmark, the Bloomberg Barclays U.S. Corporate Investment Grade Bond Index, over a full market cycle. The Fund seeks to provide current income and, as a secondary objective, capital appreciation by investing in primarily investment-grade corporate bonds.
 

The Bloomberg Barclays U.S. Corporate Investment Grade Bond Index measures the investment grade, fixed-rate, taxable corporate bond market. It includes U.S. dollar-denominated securities publicly issued by U.S. and non-U.S. industrial, utility, and financial issuers.

Find a Fund

Principal Investment Grade Corporate Active ETF (IG) Overview

Ticker
IG

Benchmark
Bloomberg Barclays U.S. Corporate Investment Grade Bond Index
(LUACTRUU)


Net Assets
as of
$223,044,508.33

Daily Volume
0

Shares Outstanding
9,300,001
30 Day SEC Yield
as of
4.22%

30 Day SEC Yield (Unsubsidized)
as of
4.22%

Distribution Yield
as of
4.08

Number of Holdings
as of
188

Premium/Discount to NAV
0.28%

Additional Tickers

NAV Per ShareIG.NV
Intraday NAVIG.IV
Shares OutstandingIG.SO
Estimated CashIG.EU
Total CashIG.TC

Disclosures

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to waive (through the same dates) certain expenses that would normally be payable by the fund. The net expense figure reflects the impact of any limits or waivers. Returns displayed are based on net total investment expense.

The Morningstar Style Box is a nine-square grid that provides a graphical representation of the “investment style” of stocks and mutual funds. For stocks and stock funds, it classifies securities according to market capitalization (the vertical axis) and growth and value factors (the horizontal axis). Fixed income funds are classified according to creditquality (the vertical axis) and sensitivity to changes in interest rates (the horizontal axis).

The model for the fixed- income style box is based on the two pillars of fixed-income performance: interest-rate sensitivity and credit quality. The three interest sensitivity groups are limited, moderate and extensive and the three credit quality groups are high, medium and low. These groupings display a portfolio’s effective duration and third party credit ratings to provide an overall representation of the fund’s risk orientation given the sensitivity to interest rate and credit rating of bonds in the portfolio.


Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns, and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted.

Investors should carefully consider a fund’s investment objectives, risks, charges, and expenses prior to investing.

Asset allocation and diversification do not ensure a profit or protect against a loss. Investing in ETFs involves risk, including possible loss of principal. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance.

Investor shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Ordinary brokerage commissions apply.

Returns shown for periods of less than one year are not annualized.

Morningstar Ratings do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


Footnotes

Fixed-income investments are subject to interest rate risk; as interest rates rise, their value will decline.


Unlike typical ETFs, there are no indices that the Principal Investment Grade Corporate Active ETF attempts to track or replicate. Thus, the ability of the Fund to achieve its objectives will depend on the effectiveness of the portfolio manager.


The Bloomberg Barclays U.S. Corporate Investment Grade Bond Index measures the investment grade, fixed-rate, taxable corporate bond market. It includes U.S. dollar-denominated securities publicly issued by U.S. and non-U.S. industrial, utility, and financial issuers.