PQDI

Principal Spectrum Preferred and Income ETF

$19.52
+0.00%
Market closed. Last update: 11:42 PM ET

📎 Investment Objective

The Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) seeks to provide current income that is exempt from regular federal income taxes by investing primarily in a portfolio of dividend-paying equity securities.

Overview

ETF tracking Principal Spectrum Preferred and Income ETF

Category Value
Issuer Other
Inception Date 2020-06-17
Market Cap $59.6M
Average Volume N/A
Dividend Yield 4.14%
52-Week Range $18.56 - $19.68
VWAP $19.51

Performance

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Investment Summary

📎 Investment Objective

The Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) seeks to provide current income that is exempt from regular federal income taxes by investing primarily in a portfolio of dividend-paying equity securities.

🎯 Investment Strategy

The fund employs an active management strategy, utilizing fundamental research to identify companies that the portfolio managers believe are undervalued and have the potential to provide sustainable dividend income. The fund aims to construct a diversified portfolio of dividend-paying stocks across various sectors.

✨ Key Features

  • Actively managed portfolio of dividend-paying equities
  • Emphasis on tax-advantaged income generation
  • Diversified exposure across sectors
  • Potential for capital appreciation in addition to income

⚠️ Primary Risks

  • Market risk: The value of the fund's holdings may decline due to general market conditions
  • Dividend risk: Companies may reduce or eliminate dividend payments, impacting the fund's income generation
  • Sector concentration risk: The fund may have significant exposure to certain sectors, which could increase volatility
  • Active management risk: The fund's performance may deviate from the broader market due to the portfolio manager's investment decisions

👤 Best For

The Principal Spectrum Tax-Advantaged Dividend Active ETF may be suitable for investors seeking a source of tax-efficient income and long-term capital appreciation, with a moderate to high risk tolerance. The fund may be particularly appealing to investors in higher tax brackets who are looking to maximize their after-tax returns.