IGPrincipal Investment Grade Corporate ETF

Get income8y track recordRanked #452 of 1,622 in this goal

Seeks current income and capital appreciation.

By Principal Funds · Launched 2018

Annual Cost

0.19%

#957 of 5,562 · low cost

Fund Size

$180M

#2,383 of 5,562 · mid-size

Dividend YieldGoal

5.04%

Track Record

8 years

#1,732 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,550+5.5%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 16.3% of fund✓ well diversified

MORGAN STANLEY

2.7%

BANK OF AMERICA CORP

2.2%

Principal Government Money Market Fund

1.6%

MICRON TECHNOLOGY INC

1.5%

JPMORGAN CHASE & CO

1.5%

PNC FINANCIAL SERVICES

1.5%

HUNTINGTON BANCSHARES

1.5%

DELTA AIR LINES/SKYMILES

1.3%

BOEING CO

1.3%

DT MIDSTREAM INC

1.2%

Asset allocation

Bonds

97.6%

Cash

2.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.6%Low

Year-on-year price swings

Max drawdown

-23.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.33Below average

Sortino (3Y)

0.47Moderate downside risk

Bond profile

Duration

5.2 years

Avg maturity

9.9 years

Credit ratings

1.1%

32.5%

BBB

61.9%

4.5%

Where to buy

Listing

Exchange: NYSE Arca, Cboe BZX

Full fund details

Objective: Seeks current income and capital appreciation.
Strategy: Actively managed ETF investing primarily in investment-grade corporate bonds and fixed-income securities. Maintains an average portfolio duration close to the Bloomberg U.S. Corporate Investment Grade Bond Index, using derivatives for hedging and exposure management.
Inception date: April 18, 2018
Fund family: Principal Funds