Principal Investment Grade Corporate Active ETF
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.2%
1 yr return
0.2%
3 Yr Avg Return
-4.0%
5 Yr Avg Return
0.6%
Net Assets
$75.8 M
Holdings in Top 10
24.5%
52 WEEK LOW AND HIGH
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 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IG - Profile
Distributions
- YTD Total Return -3.2%
- 3 Yr Annualized Total Return -4.0%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.30%
- Dividend Yield 5.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePrincipal Investment Grade Corporate Active ETF
-
Fund Family NamePrincipal Funds
-
Inception DateApr 18, 2018
-
Shares Outstanding17200001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDarryl Trunnel
Fund Description
IG - Performance
Return Ranking - Trailing
Period | IG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.2% | -6.8% | 3.3% | 91.48% |
1 Yr | 0.2% | -4.4% | 8.9% | 79.55% |
3 Yr | -4.0%* | -10.0% | 38.9% | 81.50% |
5 Yr | 0.6%* | -4.4% | 25.8% | 69.18% |
10 Yr | N/A* | -0.6% | 13.9% | 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% | 89.77% |
2022 | -22.4% | -28.7% | 142.1% | 97.71% |
2021 | -4.0% | -12.3% | 4.9% | 43.60% |
2020 | 5.5% | -8.0% | 10.6% | 52.98% |
2019 | 7.8% | 4.3% | 13.4% | 88.61% |
Total Return Ranking - Trailing
Period | IG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.2% | -6.8% | 3.3% | 91.48% |
1 Yr | 0.2% | -4.4% | 8.9% | 79.55% |
3 Yr | -4.0%* | -10.0% | 38.9% | 81.50% |
5 Yr | 0.6%* | -4.4% | 25.8% | 69.18% |
10 Yr | N/A* | -0.6% | 13.9% | 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% | 83.52% |
2022 | -17.0% | -25.6% | 151.8% | 85.14% |
2021 | -0.9% | -5.1% | 7.5% | 60.47% |
2020 | 10.8% | -8.0% | 116.0% | 39.88% |
2019 | 15.6% | 6.7% | 17.4% | 12.03% |
IG - Holdings
Concentration Analysis
IG | Category Low | Category High | IG % Rank | |
---|---|---|---|---|
Net Assets | 75.8 M | 5.45 M | 47.3 B | 84.66% |
Number of Holdings | 128 | 4 | 10179 | 95.45% |
Net Assets in Top 10 | 18 M | -29.6 M | 3.67 B | 78.98% |
Weighting of Top 10 | 24.55% | 1.6% | 143.5% | 7.95% |
Top 10 Holdings
- JPMorgan Chase Co. 3.79%
- Bank of America Corp. 3.63%
- Morgan Stanley 3.46%
- U.S. Treasury Notes 2.82%
- Wells Fargo Co. 2.10%
- Becton Dickinson Co. 1.94%
- VMware LLC 1.71%
- NiSource, Inc. 1.71%
- T-Mobile USA, Inc. 1.71%
- ATT, Inc. 1.68%
Asset Allocation
Weighting | Return Low | Return High | IG % Rank | |
---|---|---|---|---|
Bonds | 99.01% | 0.00% | 136.47% | 5.68% |
Convertible Bonds | 3.83% | 0.00% | 78.47% | 61.36% |
Cash | 1.01% | -43.80% | 45.81% | 92.05% |
Stocks | 0.00% | 0.00% | 99.96% | 54.55% |
Preferred Stocks | 0.00% | 0.00% | 9.18% | 56.25% |
Other | -0.02% | -1.14% | 13.53% | 98.86% |
Bond Sector Breakdown
Weighting | Return Low | Return High | IG % Rank | |
---|---|---|---|---|
Corporate | 94.82% | 41.80% | 99.80% | 15.91% |
Government | 1.68% | 0.00% | 25.63% | 76.70% |
Cash & Equivalents | 0.99% | 0.00% | 45.81% | 72.16% |
Securitized | 0.59% | 0.00% | 23.18% | 59.66% |
Municipal | 0.00% | 0.00% | 3.62% | 80.11% |
Derivative | -0.02% | -0.21% | 2.35% | 97.16% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | IG % Rank | |
---|---|---|---|---|
US | 99.01% | 0.00% | 109.04% | 5.11% |
Non US | 0.00% | 0.00% | 47.05% | 57.95% |
IG - Expenses
Operational Fees
IG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.19% | 0.02% | 46.23% | 87.93% |
Management Fee | 0.19% | 0.00% | 1.35% | 15.34% |
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% | 51.15% |
IG - Distributions
Dividend Yield Analysis
IG | Category Low | Category High | IG % Rank | |
---|---|---|---|---|
Dividend Yield | 5.13% | 0.00% | 6.07% | 17.05% |
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% | 47.13% |
Capital Gain Distribution Analysis
IG | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 04, 2024 | $0.086 | OrdinaryDividend |
Mar 06, 2024 | $0.087 | OrdinaryDividend |
Feb 06, 2024 | $0.088 | OrdinaryDividend |
Jan 02, 2024 | $0.082 | OrdinaryDividend |
Dec 06, 2023 | $0.079 | OrdinaryDividend |
Nov 06, 2023 | $0.078 | OrdinaryDividend |
Oct 05, 2023 | $0.071 | OrdinaryDividend |
Sep 07, 2023 | $0.080 | OrdinaryDividend |
Aug 04, 2023 | $0.076 | OrdinaryDividend |
Jul 07, 2023 | $0.082 | OrdinaryDividend |
Jun 06, 2023 | $0.075 | OrdinaryDividend |
May 04, 2023 | $0.082 | OrdinaryDividend |
Apr 06, 2023 | $0.074 | OrdinaryDividend |
Mar 06, 2023 | $0.067 | OrdinaryDividend |
Feb 06, 2023 | $0.068 | OrdinaryDividend |
Jan 03, 2023 | $0.223 | OrdinaryDividend |
Dec 06, 2022 | $0.254 | OrdinaryDividend |
Nov 04, 2022 | $0.262 | OrdinaryDividend |
Oct 06, 2022 | $0.115 | OrdinaryDividend |
Sep 07, 2022 | $0.130 | OrdinaryDividend |
Aug 04, 2022 | $0.069 | OrdinaryDividend |
Jul 07, 2022 | $0.068 | OrdinaryDividend |
Jun 06, 2022 | $0.073 | OrdinaryDividend |
May 05, 2022 | $0.069 | OrdinaryDividend |
Apr 06, 2022 | $0.069 | OrdinaryDividend |
Mar 04, 2022 | $0.067 | OrdinaryDividend |
Feb 04, 2022 | $0.066 | OrdinaryDividend |
Jan 03, 2022 | $0.069 | OrdinaryDividend |
Dec 06, 2021 | $0.068 | OrdinaryDividend |
Nov 04, 2021 | $0.066 | OrdinaryDividend |
Oct 06, 2021 | $0.066 | OrdinaryDividend |
Sep 07, 2021 | $0.066 | OrdinaryDividend |
Aug 05, 2021 | $0.066 | OrdinaryDividend |
Jul 07, 2021 | $0.059 | OrdinaryDividend |
Jun 04, 2021 | $0.066 | OrdinaryDividend |
May 06, 2021 | $0.044 | OrdinaryDividend |
Apr 07, 2021 | $0.066 | OrdinaryDividend |
Mar 04, 2021 | $0.063 | OrdinaryDividend |
Feb 04, 2021 | $0.062 | OrdinaryDividend |
Jan 04, 2021 | $0.060 | OrdinaryDividend |
Dec 04, 2020 | $0.062 | OrdinaryDividend |
Nov 05, 2020 | $0.066 | OrdinaryDividend |
Oct 06, 2020 | $0.067 | OrdinaryDividend |
Sep 04, 2020 | $0.065 | OrdinaryDividend |
Aug 06, 2020 | $0.073 | OrdinaryDividend |
Jul 07, 2020 | $0.081 | OrdinaryDividend |
Jun 04, 2020 | $0.067 | OrdinaryDividend |
May 06, 2020 | $0.077 | OrdinaryDividend |
Apr 06, 2020 | $0.078 | OrdinaryDividend |
Mar 05, 2020 | $0.076 | OrdinaryDividend |
Feb 06, 2020 | $0.076 | OrdinaryDividend |
Jan 02, 2020 | $0.085 | OrdinaryDividend |
Dec 05, 2019 | $0.081 | OrdinaryDividend |
Nov 06, 2019 | $0.073 | OrdinaryDividend |
Oct 04, 2019 | $0.080 | OrdinaryDividend |
Sep 06, 2019 | $0.079 | OrdinaryDividend |
Aug 06, 2019 | $0.084 | OrdinaryDividend |
Jul 05, 2019 | $0.092 | OrdinaryDividend |
Jun 06, 2019 | $0.081 | OrdinaryDividend |
May 06, 2019 | $0.081 | OrdinaryDividend |
Apr 04, 2019 | $0.079 | OrdinaryDividend |
Mar 06, 2019 | $0.087 | OrdinaryDividend |
Feb 06, 2019 | $0.079 | OrdinaryDividend |
Jan 02, 2019 | $0.082 | OrdinaryDividend |
Dec 06, 2018 | $0.081 | OrdinaryDividend |
Nov 06, 2018 | $0.082 | OrdinaryDividend |
Oct 04, 2018 | $0.081 | OrdinaryDividend |
Sep 07, 2018 | $0.082 | OrdinaryDividend |
Aug 06, 2018 | $0.082 | OrdinaryDividend |
Jul 06, 2018 | $0.366 | OrdinaryDividend |
Jun 06, 2018 | $0.077 | OrdinaryDividend |
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 | 6.74 | 4.41 |