Principal Exchange Traded Funds Etf Profile

IG Etf  USD 20.51  0.06  0.29%   


7 of 100


Odds Of Distress

Less than 1

Very Small
Principal Exchange is trading at 20.51 as of the 6th of December 2023. This is a 0.29 percent increase since the beginning of the trading day. The etf's lowest day price was 20.51. Principal Exchange has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Principal Exchange Traded Funds are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of December 2022 and ending today, the 6th of December 2023. Click here to learn more.
The fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent 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. The company has 52.86 M outstanding shares of which 10.22 M shares are currently sold short in the market by investors with about 0.0 days to cover all shorted shares. More on Principal Exchange Traded Funds

Moving together with Principal Etf

+1.0LQDIShares IBoxx Investment Aggressive PushPairCorr
+1.0IGIBIShares 5-10 YearPairCorr
+1.0USIGIShares Broad USDPairCorr
+0.95SPIBSPDR Barclays IntermPairCorr
+1.0SUSCIShares ESG USDPairCorr
+1.0QLTAIShares Aaa -PairCorr
+1.0CORPPIMCO Investment GradePairCorr

Principal Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Principal Exchange's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Principal Exchange or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, General ManagerPaolo Gallo
Thematic Ideas
(View all Themes)
Business ConcentrationBroad Debt ETFs, Investment Grade ETFs (View all Sectors)
Average Analyst Recommendation
Analysts covering Principal Exchange report their recommendations after researching Principal Exchange's financial statements, talking to executives and customers, or listening in on Principal Exchange's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Principal Exchange-T. The Principal consensus assessment is calculated by taking the average forecast from all of the analysts covering Principal Exchange.
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Principal Exchange's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Inception Date2018-04-18
BenchmarkNot Applicable
Entity TypeRegulated Investment Company
Asset Under Management69.94 Million
Average Trading Valume18,158.6
Asset TypeFixed Income
CategoryBroad Debt
FocusInvestment Grade
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorPrincipal Global Investors, LLC
AdvisorPrincipal Global Investors, LLC
CustodianState Street Bank and Trust Company
DistributorALPS Distributors, Inc.
Portfolio ManagerJohn R. Friedl, Paul S. Kim, Daniela Spassova, Timothy Warrick
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Jun
ExchangeNYSE Arca, Inc.
Number of Constituents129
Market MakerJane Street
Total Expense0.26
Management Fee0.26
Country NameUSA
Returns Y T D3.64
Currency CodeUSD
Open FigiBBG00KN7G3Y3
In Threey Volatility9.01
1y Volatility9.41
200 Day M A20.2845
50 Day M A19.6408
Updated At5th of December 2023
Currency NameUS Dollar
In Threey Sharp Ratio(0.81)
Principal Exchange Traded Funds [IG] is traded in USA and was set up on 2018-04-18. The fund is currently listed under Corporate Bond category as part of Principal Funds family of funds. The entity is thematically classified as Broad Debt ETFs. Principal Exchange-T currently have 18.2 M in assets under management (AUM). , while the total return for the last 3 years was -4.8%. Principal Exchange Traded Funds reports about 150.22 M in cash with (9.21 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.84.
Check Principal Exchange Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Principal Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Principal Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Principal Exchange Traded Funds Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Principal Exchange Target Price Odds Analysis

In reference to a normal probability distribution, the odds of Principal Exchange jumping above the current price in 90 days from now is near 1%. The Principal Exchange Traded Funds probability density function shows the probability of Principal Exchange etf to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon Principal Exchange has a beta of 0.3029. This usually indicates as returns on the market go up, Principal Exchange average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Principal Exchange Traded Funds will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0346, implying that it can generate a 0.0346 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 20.51HorizonTargetOdds Above 20.51
99.33%90 days
Based on a normal probability distribution, the odds of Principal Exchange to move above the current price in 90 days from now is near 1 (This Principal Exchange Traded Funds probability density function shows the probability of Principal Etf to fall within a particular range of prices over 90 days) .

Principal Exchange Top Holders

SCUPXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PIFIXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
SAUPXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PFIPXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PFIFXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PFILXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
PFIJXStrategic Asset ManagementMutual FundAllocation--15% to 30% Equity
More Details

Principal Exchange-T Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Principal Exchange market risk premium is the additional return an investor will receive from holding Principal Exchange long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Principal Exchange. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Principal Exchange's alpha and beta are two of the key measurements used to evaluate Principal Exchange's performance over the market, the standard measures of volatility play an important role as well.

Principal Exchange-T Technical Analysis

The output start index for this execution was zero with a total number of output elements of sixty-one. Principal Exchange-T Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Principal Exchange price patterns.

Principal Exchange Against Markets

Picking the right benchmark for Principal Exchange etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Principal Exchange etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Principal Exchange is critical whether you are bullish or bearish towards Principal Exchange Traded Funds at a given time. Please also check how Principal Exchange's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Principal Exchange without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Principal Etf?

Before investing in Principal Exchange, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Principal Exchange. To buy Principal Exchange etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Principal Exchange. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Principal Exchange etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Principal Exchange Traded Funds etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Principal Exchange Traded Funds etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Principal Exchange Traded Funds, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Principal Etf please use our How to Invest in Principal Exchange guide.

Already Invested in Principal Exchange Traded Funds?

The danger of trading Principal Exchange Traded Funds is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Principal Exchange is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Principal Exchange. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Principal Exchange-T is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Principal Exchange-T offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Principal Exchange's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Principal Exchange Traded Funds Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Principal Exchange Traded Funds Etf:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Principal Exchange Traded Funds. Also, note that the market value of any ETF could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Principal Exchange-T information on this page should be used as a complementary analysis to other Principal Exchange's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Principal Exchange's price analysis, check to measure Principal Exchange's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Principal Exchange is operating at the current time. Most of Principal Exchange's value examination focuses on studying past and present price action to predict the probability of Principal Exchange's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Principal Exchange's price. Additionally, you may evaluate how the addition of Principal Exchange to your portfolios can decrease your overall portfolio volatility.
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The market value of Principal Exchange-T is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Exchange's value that differs from its market value or its book value, called intrinsic value, which is Principal Exchange's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Exchange's market value can be influenced by many factors that don't directly affect Principal Exchange's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Exchange's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Exchange is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Exchange's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.