Principal Investment Grade Corporate Active ETF
$19.81−0.26 (−1.30%)
- Expense ratio
- 0.19%
- Fund size
- $203M
- 1Y return
- +0.1%
- Yield · Last 12 months
- 5.22%
- Holdings
- 250
- Volume · 30D
- 0M sh
- NAV per share
- $19.93
- 52W range
The ETF.net IG Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 67Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 96Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 57Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 58Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
Our read on IG
BMost investment-grade corporate bond ETFs just buy the index. IG hires a manager to pick the credits, charges 0.19% (the category median), and pays income monthly. Active credit work at an index-adjacent price.
The Fund seeks current income and, secondarily, capital appreciation.
Why people hold it
- Actively managed, not index-tracking: the manager can lean into or step away from individual issuers and sectors instead of owning the market by weight.
- At 0.19%, it costs the same as the typical investment-grade corporate bond ETF. The active mandate doesn't come with an active-management markup.
- Income comes first in the mandate (current income, with capital appreciation secondary), and distributions are paid monthly.
- Trading since 2018, with a portfolio that lines up closely with what the prospectus says it does. Sits in the upper half of its investment-grade corporate peer group.
Worth knowing
- Thinly traded compared with the index heavyweights, so bid-ask spreads can be wider and bigger orders need more patience.
- That 0.19% is several times the 0.03%-0.04% charged by the largest index peers, VCIT and USIG. The gap is the price of the manager's judgment.
- A small fund next to the multi-billion-dollar index leaders in this corner of the bond market.
IG Holdings
- Bonds
- 250
- 14%
- BANK OF AMERICA CORP SR UNSECURED 04/32 VAR
Sectors
- Financials100.0%
Geography
- United States86.65%
- United Kingdom2.73%
- Ireland2.59%
- Luxembourg2.35%
- Cayman Islands1.47%
- Switzerland0.92%
- Japan0.60%
- Spain0.59%
- 2.12%
IG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IG |
|---|---|
| Year to date | −0.7% |
| 1 month | −0.0% |
| 3 months | −1.3% |
| 1 year | +0.1% |
| 3 years | +5.4% |
| 5 years | −0.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IG |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | +8.1% | |
| 2024 | +2.0% | |
| 2023 | +7.5% | |
| 2022 | −17.0% | |
| 2021 | −0.9% | |
| 2020 | +10.8% |
IG in the news
ETF.net Research hasn’t filed on IG yet — coverage lands here as it’s written.
IG Dividends
- 5.22%
- $1.05
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.09 |
| Aug 3, 2026 | Aug 5, 2026 | $0.09 |
| Jul 1, 2026 | Jul 6, 2026 | $0.08 |
| Jun 1, 2026 | Jun 3, 2026 | $0.09 |
| May 1, 2026 | May 5, 2026 | $0.09 |
| Apr 1, 2026 | Apr 6, 2026 | $0.09 |
| Mar 2, 2026 | Mar 4, 2026 | $0.08 |
| Feb 2, 2026 | Feb 4, 2026 | $0.08 |
| Dec 29, 2025 | Dec 31, 2025 | $0.10 |
| Dec 1, 2025 | Dec 3, 2025 | $0.08 |
| Nov 3, 2025 | Nov 5, 2025 | $0.09 |
| Oct 1, 2025 | Oct 3, 2025 | $0.09 |
IG Risk
- 6.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.08
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IG Cost
- The middle half of Investment Grade Corporate funds
- Median 0.30%
15 of the 49 Investment Grade Corporate funds charge less.