Principal Investment Grade Corporate Active ETF (IG)
| Assets | $434.78M |
| NAV | $25.50 |
| Expense Ratio | 0.19% |
| PE Ratio | n/a |
| Shares Out | 17.05M |
| Dividend (ttm) | $0.80 |
| Dividend Yield | 3.11% |
| Ex-Dividend Date | Dec 29, 2021 |
| 1-Year Return | -5.53% |
| Volume | 3,337 |
| Open | 25.66 |
| Previous Close | 25.61 |
| Day's Range | 25.57 - 25.69 |
| 52-Week Low | 25.53 |
| 52-Week High | 25.53 |
| Beta | 0.23 |
| Holdings | 305 |
| Inception Date | Apr 18, 2018 |
About IG
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.
Top 10 Holdings
13.08% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Chase & Co. 1.04% | N/A | 1.57% |
| Barclays PLC 4.836% | N/A | 1.43% |
| HSBC Holdings PLC 1.589% | N/A | 1.42% |
| CVS Health Corp 5.05% | N/A | 1.39% |
| The Boeing Company 2.196% | N/A | 1.27% |
| Bank of America Corporation 4.25% | BAC 4.25 10.22.26 MTN | 1.26% |
| Aercap Ireland Capital DAC 3.15% | N/A | 1.23% |
| Costar Group Inc 2.8% | N/A | 1.19% |
| Ally Financial Inc. 8% | N/A | 1.16% |
| Anheuser-Busch InBev Worldwide Inc. 4.375% | N/A | 1.15% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2021 | $0.06884 | Jan 3, 2022 |
| Dec 17, 2021 | $0.0341 | Dec 22, 2021 |
| Dec 1, 2021 | $0.06805 | Dec 6, 2021 |
| Nov 1, 2021 | $0.06639 | Nov 4, 2021 |
| Oct 1, 2021 | $0.066 | Oct 6, 2021 |
| Sep 1, 2021 | $0.06585 | Sep 7, 2021 |
News
An Active Bond ETF Can Better Adapt to Today's Changing Conditions
Fixed income investors should consider an actively managed fixed income exchange traded fund strategy that is capable of maneuvering through a quickly changing bond market while generating attractive yi...
Why Today's Bond Market Demands Active Management
As the prospect of easy money comes to an end and we are faced with a more challenging bond market environment, investors will have to adapt their fixed income portfolios to account for a more hawkish F...
Don't Turn Away from Corporate Bond ETFs Yet
Some investment-grade corporate bond strategies are proving steady amid another spike in coronavirus case counts across the U.S. The Principal Investment Grade Corporate Active ETF (NYSEArca: IG) is cer...
Equity Market Volatility Doesn't Ding IG's Credentials
Equities are contending with a bout of pre-election volatility, but that turbulence isn't weighing on investment-grade corporate bonds, highlighting advantages of the Principal Investment Grade Corporat...
Get Active in Search for Quality IG Credit
With corporate bonds still not out of the downgrade woods, an active approach to investment-grade credit could be alluring for income investors. The Principal Investment Grade Corporate Active ETF (NYSE...
Bonds Edging Out Stocks Thus Far in 2020
Don’t call it a comeback, but the stocks are rallying to hopefully end a September sell-off on a high note. But amid the Covid-19 pandemic, the safe confines of bonds are still edging out stocks in a me...
What’s Scaring Off High Yield ETF Investors?
Halloween is just over a month away, but fixed income investors are already getting spooked by high yield ETFs. With Covid-19 and a forthcoming presidential election feeding into uncertainty, will a hig...
A Resilient Approach to Investment-Grade Credit
A recent spate of equity market volatility didn’t punish investment-grade corporate debt, highlighting benefits associated with the Principal Investment Grade Corporate Active ETF (NYSEArca: IG). Active...
This Credit ETF Holds Steady Among Equity Market Turbulence
Equity markets incurred a big bout of volatility to start September, but some corporate credit instruments, including the Principal Investment Grade Corporate Active ETF (NYSEArca: IG), held steady. IG ...
It Pays to be Active as Corporate Bond Issuance Surges
Data confirm plenty of companies are taking advantage of record-low interest rates to either refinance old debt or issue new bonds. That spate of new issuance could spotlight the benefits of active mana...
Spreads Say Principal Corporate Bond Is Worth Considering
Corporate bond yield spreads are subdued and that could pave the way for opportunity with the right exchange funds, including the Principal Investment Grade Corporate Active ETF (NYSEArca: IG). IG is an...
Will Fear Keep Investors From Taking On More Corporate Bonds?
If gold’s rally is evident of anything, it’s that investors are still wary of the uncertainty that the coronavirus pandemic might bring moving forward. As such, this could inject a heavy load of volatil...
EU Stimulus Package is a Game-Changer for European Debt Market
With nations around the globe implementing their own rescue packages to stave off the economic effects of the coronavirus, it was only a matter of time before the European Union (EU) would follow. After...
Second Quarter Saw Strong Returns in Corporate Bonds
As the Federal Reserve poured funds into the bond markets, particularly exchange-traded funds (ETFs) and individual bonds, it was corporate bonds that were the major beneficiary during the second quarte...
Firmer Corporate Bond Market Could Bolster This Fund
After enduring some strife earlier this year, the investment-grade corporate bond market is showing signs of firming up and that could be to the benefit of ETFs, such as the Principal Investment Grade C...
Check Out This Corporate Bond ETF After Fed Purchases Revealed
First, it was ETFs and most recently, it was individual bond purchases as the U.S. Federal Reserve looked to shore up the fixed income market.
Demographic Trends Are Vital to the Corporate Bond Investment Thesis
With the Federal Reserve buying billions of dollars worth of corporate bond ETFs, products such as the Principal Investment Grade Corporate Active ETF (NYSEArca: IG), are receiving some renewed attentio...
Research Shows Inflows into Bond Funds Are Helping Equities
The recent market rally ended with a six-day winning streak for the Dow Jones Industrial Average as optimism floods in on the U.S. economy slowly re-opening and easing lockdown measures.
Maybe the Fed Should Consider This Corporate Bond ETF
Inflows to fixed income exchange traded funds are soaring this year and the Federal Reserve’s pledge to provide some ballast to the investment-grade and high-yield corporate bonds markets is a big reaso...
Is the High Yield Bond Bounce a Sustainable Rally?
High yield bond issues have been surging after the U.S. Federal Reserve decided to backstop junk debt as part of their economic stimulus efforts.