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Upturn AI SWOT - About
Principal Exchange-Traded Funds - Principal Investment Grade Corporate Active ETF (IG)
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Upturn Advisory Summary
04/01/2025: IG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 2.01% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 17878 | Beta 1.2 | 52 Weeks Range 18.98 - 21.00 | Updated Date 04/2/2025 |
52 Weeks Range 18.98 - 21.00 | Updated Date 04/2/2025 |
Upturn AI SWOT
Principal Exchange-Traded Funds - Principal Investment Grade Corporate Active ETF
ETF Overview
Overview
The Principal Investment Grade Corporate Active ETF (IG) is an actively managed ETF focusing on investment-grade corporate bonds. Its objective is to provide current income and long-term capital appreciation by investing in a diversified portfolio of U.S. dollar-denominated corporate bonds.
Reputation and Reliability
Principal is a well-established financial services company with a strong reputation. They have a long history of managing assets and providing investment solutions.
Management Expertise
The management team comprises experienced fixed-income professionals with expertise in credit analysis and portfolio construction.
Investment Objective
Goal
To provide current income and long-term capital appreciation.
Investment Approach and Strategy
Strategy: Actively managed, not tracking a specific index. Employs a bottom-up approach to identify attractive investment opportunities in investment-grade corporate bonds.
Composition Primarily invests in investment-grade corporate bonds with varying maturities.
Market Position
Market Share: Market share information for this specific ETF is not readily available.
Total Net Assets (AUM): 143114683
Competitors
Key Competitors
- LQD
- VCIT
- AGG
- VCSH
- HYG
- IEF
- TLT
Competitive Landscape
The investment-grade corporate bond ETF market is highly competitive with established players like iShares (LQD) and Vanguard (VCIT) holding significant market share. Principal's IG competes by offering active management, potentially generating alpha relative to passive index trackers. However, active management comes with higher expense ratios and the risk of underperforming the benchmark. Advantages include Principalu2019s strong credit research and security selection while disadvantages include limited fund history versus competitors.
Financial Performance
Historical Performance: Historical performance data should be obtained from reliable financial data sources.
Benchmark Comparison: Benchmark comparisons should be conducted using appropriate investment-grade corporate bond indices.
Expense Ratio: 0.23
Liquidity
Average Trading Volume
Liquidity is moderate, adequate for most retail investors but lower than larger, more established ETFs.
Bid-Ask Spread
The bid-ask spread is generally competitive, but can widen during periods of market volatility.
Market Dynamics
Market Environment Factors
Economic growth, interest rate movements, and credit spreads significantly impact the performance of investment-grade corporate bonds. Corporate earnings and overall market sentiment influence creditworthiness.
Growth Trajectory
Growth depends on investor demand for actively managed fixed-income products and Principal's ability to deliver competitive performance. Changes in the portfolio composition reflect the active management strategy.
Moat and Competitive Advantages
Competitive Edge
Principal's advantage lies in its active management approach, which aims to outperform passive benchmarks through skilled security selection and tactical allocation. This active approach can potentially add value in navigating complex credit markets. The ETF's diversified holdings help mitigate risk, and the experienced management team leverages in-depth credit research. The potential alpha generation offsets the ETF's higher expense ratio versus passively managed funds.
Risk Analysis
Volatility
Investment-grade corporate bonds generally exhibit lower volatility compared to equities, but are still sensitive to interest rate movements and credit spread widening.
Market Risk
Market risk includes interest rate risk (rising rates can decrease bond values) and credit risk (downgrades or defaults can negatively impact returns).
Investor Profile
Ideal Investor Profile
Ideal for investors seeking current income and long-term capital appreciation through investment-grade corporate bonds. Suitable for those who believe in active management's potential to outperform passive benchmarks.
Market Risk
Suitable for long-term investors seeking a component for a diversified fixed-income portfolio, but may also appeal to active traders seeking tactical opportunities in the credit markets.
Summary
Principal Investment Grade Corporate Active ETF (IG) is an actively managed ETF focused on investment-grade corporate bonds, seeking to provide income and capital appreciation. It competes in a market dominated by passively managed, index-tracking ETFs, differentiating itself through active security selection. Principal's experienced management team and bottom-up approach are key competitive advantages. Investors should consider the higher expense ratio and the potential for underperformance inherent in active management before investing.
Similar Companies
AGG
iShares Core U.S. Aggregate Bond ETF
AGG
iShares Core U.S. Aggregate Bond ETF
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
IEF
iShares 7-10 Year Treasury Bond ETF
IEF
iShares 7-10 Year Treasury Bond ETF
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
TLT
iShares 20+ Year Treasury Bond ETF
TLT
iShares 20+ Year Treasury Bond ETF
USIG
iShares Broad USD Investment Grade Corporate Bond ETF
USIG
iShares Broad USD Investment Grade Corporate Bond ETF
VCIT
Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares
VCIT
Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares
VCSH
Vanguard Short-Term Corporate Bond Index Fund ETF Shares
VCSH
Vanguard Short-Term Corporate Bond Index Fund ETF Shares
Sources and Disclaimers
Data Sources:
- Principal Funds Website
- Morningstar
- ETF.com
- Bloomberg
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your own research and consultation with a qualified financial advisor. Market share information is based on publicly available data and may not be exact. Performance data is not guaranteed and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Principal Exchange-Traded Funds - Principal Investment Grade Corporate Active ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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).
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