On Dec. 18, 2020, John Friedl and Tim Warrick were removed as portfolio managers on Principal Investment Grade Corporate ETF IG, and global head of investment-grade credit, Matt Minnetian, was added as the sole manager. Warrick will focus on building out Principal’s new direct lending team, while Friedl focuses on the core bond strategy.
Will IG outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IG’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the IG management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of IG’s parent organization’s priorities and whether they’re in line with investors’ interests.