Principal Financial Group added an actively managed fixed-income ETF that focuses on investment-grade quality debt.

Principal recently launched the Principal Investment Grade Corporate Active ETF (NYSEArca: IG), which has a 0.26% expense ratio.

The active ETF will be managed by Principal Global Investors’ John R. Friedl, Paul S. Kim, Daniela Spassova and Timothy Warrick.

Related: ETF Trends Fixed Income Channel

The Principal Investment Grade Corporate Active ETF will try to provide current income and capital appreciation by investing in investment-grade corporate bonds rated BBB- or higher by S&P Global Ratings or Baa3 or higher by Moody’s Investors Service, according to a prospectus sheet.

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