Principal Investment Grade Corporate Active ETF IG gets a new portfolio manager who may well give this strategy the facelift it needs, but a history of management instability and a mediocre track record during downturns cast a shadow of uncertainty. The team’s efforts to continue process enhancements is a bright spot, though, earning this strategy a Morningstar Medalist Rating of Neutral.
Principal Investment Grd Corp Actv ETF IG
Morningstar’s Analysis IG
Will IG outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 17.0
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
JPMorgan Chase & Co. 6.254% | 3.79 | 2.8 Mil | Corporate |
Bank of America Corp. 5.468% | 3.61 | 2.6 Mil | Corporate |
Morgan Stanley 5.466% | 3.39 | 2.5 Mil | Corporate |
Us Ultra Bond Cbt Jun24 Xcbt 20240618 | 3.31 | 2.4 Mil | Government |
Us Long Bond(Cbt) Jun24 Xcbt 20240618 | 2.51 | 1.8 Mil | Government |
Wells Fargo & Co. 2.393% | 2.16 | 1.6 Mil | Corporate |
Becton, Dickinson and Company 3.7% | 1.98 | 1.5 Mil | Corporate |
NiSource Inc. 0.95% | 1.79 | 1.3 Mil | Corporate |
VMware Inc 4.65% | 1.75 | 1.3 Mil | Corporate |
T-Mobile USA, Inc. 3.375% | 1.73 | 1.3 Mil | Corporate |