IG
Principal Investment Grade Corporate Active ETF·NYSE
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Key Stats
Assets Under Management
160.84MUSD
Fund Flows (1Y)
66.52MUSD
Dividend Yield
4.59%
Discount/Premium to NAV
0.10%
Shares Outstanding
7.70M
Expense Ratio
0.19%
About Principal Investment Grade Corporate Active ETF
Issuer
Principal
Brand
Principal
Inception Date
Apr 18, 2018
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Principal Global Investors LLC
Distributor
ALPS Distributors, Inc.
IG provides active exposure to the investment-grade taxable corporate bond space. The fund's objective is to provide current income and, secondarily, capital appreciation. IG seeks to outperform a broad, market-weighted index of US investment-grade corporate bonds over the long term. The fund manager is not constrained to securities with a specific maturity but aims for an average portfolio similar to the Bloomberg U.S. Corporate Investment Grade Bond Index. As with most actively managed funds, IG may experience higher turnover and higher tax distributions than passively managed funds. The fund can also elect to make investment decisions at their discretion.
Classification
Asset Class
Fixed Income
Category
Corporate, Broad-based
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Active
Geography
Developed Markets
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Analysis
Asset
No data available
Holdings
Symbol
Ratio
BANK OF AMERICA CORP SR UNSECURED 04/32 VAR
2.39%
STATE STREET INSTITUTIONAL US STATE ST INST US GOV MM PREM
1.58%
MICRON TECHNOLOGY INC SR UNSECURED 01/35 5.8
1.55%
PNC FINANCIAL SERVICES SR UNSECURED 01/35 VAR
1.49%
HUNTINGTON BANCSHARES SR UNSECURED 02/35 VAR
1.48%
BOEING CO SR UNSECURED 05/50 5.805
1.26%
Symbol
Ratio
DT MIDSTREAM INC COMPANY GUAR 144A 06/29 4.125
1.21%
DELTA AIR LINES/SKYMILES SR SECURED 144A 10/28 4.75
1.19%
NET OTHER ASSETS
1.19%
GLENCORE FUNDING LLC COMPANY GUAR 144A 04/29 5.371
1.17%
Top 10 Weight 14.51%
10 Total Holdings
See all holdings
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