Principal Investment Grade Corporate Active ETF
$19.61+0.01 (+0.03%)
- 0.19%
- $202M
- −1.9%
- 5.32%
- 0M sh
- $19.56
- low $19.36high $21.36
The ETF.net IG Grade
B
Score 64 out of 100
- 20 of 49
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B68 out of 100Rank 15 of 49Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 27 of 45Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 20 of 49Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D32 out of 100Rank 37 of 49Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C54 out of 100Rank 27 of 49Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 34 of 49
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
- 253
- 15%
- GVMXX
Sectors
- Financials100.0%
Geography
- United States87.51%
- Ireland2.66%
- United Kingdom2.23%
- Luxembourg2.19%
- Cayman Islands1.52%
- Switzerland0.94%
- Japan0.61%
- Spain0.60%
- 1.75%
IG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
IG$9,809
Returns run to the Oct 12, 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 | −2.5% |
| 1 month | −1.2% |
| 3 months | −2.6% |
| 1 year | −1.9% |
| 3 years | +5.5% |
| 5 years | −0.7% |
| 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 | −2.5% | |
| 2025 | +8.1% | |
| 2024 | +2.0% | |
| 2023 | +7.5% | |
| 2022 | −17.0% | |
| 2021 | −0.9% | |
| 2020 | +10.8% |
IG in the news
Filings Digest
VanEck cuts its CLO ETF fee from 0.36% to 0.29%
IG Dividends
- 5.32%
- $1.04
- $0.09 per share
- Monthly
Distribution history
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.
- −22.8%
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
0.19%
IG0.19%
- The middle half of Investment Grade Corporate funds
- Median 0.29%
15 of the 49 Investment Grade Corporate funds charge less.
Other funds in Investment Grade Corporate
- BPFIGInvesco Fundamental Investment Grade Corporate Bond ETFExpense ratio 0.22%1 year return −0.4%
- BMIGVanEck Moody’s Analytics IG Corporate Bond ETFExpense ratio 0.20%1 year return −2.3%
- BINVGGMO Systematic Investment Grade Credit ETFExpense ratio 0.25%1 year return −1.7%
- BCORPPIMCO Investment Grade Corporate Bond Index Exchange-Traded FundExpense ratio 0.41%1 year return −2.0%
- BFLCOFranklin Investment Grade Corporate ETFExpense ratio 0.35%1 year return −2.2%