Symbols

PQDI

Principal Spectrum Preferred and Income ETF·ARCA

--(--)

Key Stats

Assets Under Management

66.36MUSD

Fund Flows (1Y)

28.18MUSD

Dividend Yield

5.02%

Discount/Premium to NAV

0.27%

Shares Outstanding

3.40M

Expense Ratio

0.60%

About Principal Spectrum Preferred and Income ETF

Issuer

Principal

Brand

Principal

Home Page

https://www.principalam.com/us/fund/pqdi

Inception Date

Jun 16, 2020

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Principal Global Investors LLC

Distributor

ALPS Distributors, Inc.

PQDI aims to provide current income by investing in a diversified portfolio of global USD denominated securities in the preferred and capital securities market. The fund targets exposure to securities whose payments and distributions qualifies for favorable US federal income tax treatment. Securities selected are dividend-paying securities, including preferred stocks, depositary receipts, REITs, junior subordinated debts, corporate bonds and contingent convertible securities. Due to the nature of preferreds, the fund's holdings are concentrated in the financial sector. PQDI can hold securities of any credit quality and maturity, however the active management of the fund looks to enhance returns as compared to passively managed funds in the space.