Principal Investment Grade Corporate Active ETF

Frequently Asked Questions About IG

What does IG invest in?

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. "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").

What is the expense ratio of IG?

Principal Investment Grade Corporate Active ETF (IG) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.

What is IG's dividend yield?

IG's trailing-twelve-month yield is 5.18%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of IG?

Effective duration measures IG's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. IG's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of IG?

IG's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of IG?

Yield to maturity (YTM) is the total return you'd earn from IG if every bond in the portfolio is held to maturity at the current price. IG's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.