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ETFs

Principal Investment Grade Corporate Active ETF

IG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 19 2018
Expense Ratio
0.19%
Type
Global Bonds
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$830,175
AUM
$50,668,519
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US TREASURY N/B 05/33 3.375
4.38%
WFC4994162
WELLS FARGO + COMPANY SR UNSECURED 06/28 VAR
2.12%
UAL4403826
UNITED AIR 2016 2 A PTT PASS THRU CE 04/30 3.1
2.06%
BDX27A
Becton Dickinson & Co. - 3.70% NT REDEEM 06/06/2027 USD 1000
1.99%
n/a
JPMORGAN CHASE + CO SR UNSECURED 02/27 VAR
1.97%
n/a
US TREASURY N/B 11/32 4.125
1.96%
TMUS5650474
T MOBILE USA INC COMPANY GUAR 06/54 6
1.94%
NABZ5031622
NATIONAL AUSTRALIA BANK SUBORDINATED 144A 08/30 2.332
1.78%
NI25
NiSource Inc - 0.95% NT REDEEM 15/08/2025 USD 2000
1.77%
VMW27A
Vmware Inc. - 4.65% NT REDEEM 15/05/2027 USD 2000
1.76%
Invest with IG

What is 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 Moodys Investors Service, Inc. ("Moodys") or, if unrated, of comparable quality in the opinion of those selecting such investments. If the security has been rated by only one of those agencies, that rating will determine whether the security is investment grade. The fixed income securities in which the Fund invests include foreign securities, corporate securities, securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, and securities issued or guaranteed by foreign governments payable in U.S. dollars. The Fund invests in other investment companies, including exchange-traded funds that invest in fixed income securities. Under normal circumstances, the Fund maintains an average portfolio duration that is within +/- 10% of the duration of the Bloomberg Barclays U.S. Corporate Investment Grade Bond Index, which as of March 30, 2018 was 7.50 years. The Fund utilizes exchange-traded and over-the-counter derivative strategies.

ETFs related toIG

ETFs correlated to IG include GIGB, VCEB, LQD

IG
Principal Exchange-Traded Funds - Principal Investment Grade Corporate Active ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
CORP
Pimco Exchange Traded Fund - PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond ETF
DYLD
Two Roads Shared Trust - LeaderShares Dynamic Yield ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with IG using Composer

FAQ

IG is a Global Bonds ETF. 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 Moodys Investors Service, Inc. ("Moodys") or, if unrated, of comparable quality in the opinion of those selecting such investments. If the security has been rated by only one of those agencies, that rating will determine whether the security is investment grade. The fixed income securities in which the Fund invests include foreign securities, corporate securities, securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, and securities issued or guaranteed by foreign governments payable in U.S. dollars. The Fund invests in other investment companies, including exchange-traded funds that invest in fixed income securities. Under normal circumstances, the Fund maintains an average portfolio duration that is within +/- 10% of the duration of the Bloomberg Barclays U.S. Corporate Investment Grade Bond Index, which as of March 30, 2018 was 7.50 years. The Fund utilizes exchange-traded and over-the-counter derivative strategies.

Yes, IG is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, IG is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IG is -0.0112%. This is the percent change in the value of IG over the most recent 1-month period. The 3-month return on IG is -0.0268%. This is the percent change in the value of IG over the most recent 3-month period.

The standard deviation of IG for the past year is 0.085%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IG include GVI, BLV, and BSV.

ETFs correlated to IG include GIGB, VCEB, and LQD.

ETFs that are inversely correlated to IG include TBX, TTT, and TBF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.