Principal Exchange Traded Funds Etf Profile
| IG Etf | USD 20.02 0.08 0.40% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Principal Exchange is trading at 20.02 as of the 19th of April 2024. This is a -0.4 percent decrease since the beginning of the trading day. The etf's lowest day price was 19.99. Principal Exchange has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over 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 25th of April 2023 and ending today, the 19th of April 2024. 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
| 0.89 | LQD | iShares iBoxx Investment | PairCorr |
| 0.95 | IGIB | iShares 5 10 | PairCorr |
| 0.97 | USIG | iShares Broad USD | PairCorr |
| 0.9 | SPIB | SPDR Barclays Interm Sell-off Trend | PairCorr |
| 0.98 | SUSC | iShares ESG USD | PairCorr |
| 0.98 | QLTA | iShares Aaa | PairCorr |
| 0.96 | CORP | PIMCO Investment Grade | PairCorr |
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 Manager | Paolo Gallo |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Investment Grade ETFs, Broad Debt ETFs, Corporate Bond, Principal Funds (View all Sectors) |
| Issuer | Principal |
| Inception Date | 2018-04-18 |
| Benchmark | Not Applicable |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 75.81 Million |
| Average Trading Valume | 13,706.9 |
| Asset Type | Fixed Income |
| Category | Broad Debt |
| Focus | Investment Grade |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Principal Global Investors, LLC |
| Advisor | Principal Global Investors, LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | John R. Friedl, Paul S. Kim, Daniela Spassova, Timothy Warrick |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 159 |
| Market Maker | Jane Street |
| Total Expense | 0.26 |
| Management Fee | 0.26 |
| Country Name | USA |
| Returns Y T D | (3.02) |
| Currency Code | USD |
| Open Figi | BBG00KN7G3Y3 |
| In Threey Volatility | 9.36 |
| 1y Volatility | 8.54 |
| 200 Day M A | 20.2607 |
| 50 Day M A | 20.4894 |
| Code | IG |
| Updated At | 18th of April 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.56) |
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 Investment Grade ETFs. Principal Exchange currently have 18.2 M in assets under management (AUM). , while the total return for the last 3 years was -3.8%.
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
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 close to 99%. 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 0.3222. 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, principal Exchange Traded Funds has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Principal Exchange to move above the current price in 90 days from now is close to 99 (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
| SCUPX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
| PIFIX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
| SAUPX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
| PFIPX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
| PFIFX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
| PFILX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
| PFIJX | Strategic Asset Management | Mutual Fund | Allocation--15% to 30% Equity |
Principal Exchange 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.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.14) |
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.Did you try this?
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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 Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Principal Exchange 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 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 price. Note that the Principal Exchange 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
The market value of Principal Exchange 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.