IG - Principal Investment Grade Corporate Active ETF
| Assets | $319.27M |
| NAV | $26.17 |
| Expense Ratio | 0.26% |
| PE Ratio | n/a |
| Beta (5Y) | 0.25 |
| Dividend (ttm) | $1.21 |
| Dividend Yield | 4.61% |
| Ex-Dividend Date | Apr 1, 2021 |
| 1-Year Return | - |
| Trading Day | April 20 |
| Last Price | $26.28 |
| Previous Close | $26.22 |
| Change ($) | 0.06 |
| Change (%) | 0.24% |
| Day's Open | 26.27 |
| Day's Range | 26.23 - 26.30 |
| Day's Volume | 22,265 |
| 52-Week Range | 24.41 - 27.49 |
Fund Description
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.
| Asset Class Fixed Income | Inception Date Apr 18, 2018 |
| Exchange NYSEARCA | Ticker Symbol IG |
| Index Tracked Bloomberg Barclays U.S. Corporate Bond Index | |
Top 10 Holdings
14.41% of assets| Name | Symbol | Weight |
|---|---|---|
| Us Ultra Bond Cbt Jun21 Xcbt 20210621 | 603698.SS | 1.78% |
| Aercap Ireland Capital DAC 3.15% | n/a | 1.74% |
| JPMorgan Chase & Co. 1.04% | n/a | 1.55% |
| The Boeing Company 2.7% | n/a | 1.50% |
| HSBC Holdings plc 1.59% | n/a | 1.45% |
| NatWest Group plc 5.12% | n/a | 1.32% |
| General Motors Financial Company Inc 3.95% | n/a | 1.31% |
| Cigna Corporation 4.38% | n/a | 1.27% |
| Ally Financial Inc. 5.8% | n/a | 1.26% |
| CVS Health Corp 5.05% | CVS 5.05 03/25/48 | 1.23% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 1, 2021 | $0.066 | Apr 7, 2021 |
| Mar 1, 2021 | $0.063 | Mar 4, 2021 |
| Feb 1, 2021 | $0.062 | Feb 4, 2021 |
| Dec 17, 2020 | $0.457 | Dec 22, 2020 |
| Nov 2, 2020 | $0.066 | Nov 5, 2020 |
| Oct 1, 2020 | $0.067 | Oct 6, 2020 |
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...
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...
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...
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...
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 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...
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 ...
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...
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...
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...
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...
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...
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...
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.
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...
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.
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...
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.