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ETFs

Principal Spectrum Tax-Advantaged Dividend Active ETF

PQDI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 17 2020
Expense Ratio
0.60%
Type
US Diversified
Fund Owner
Principal Financial Services
Volume (1m avg. daily)
$2,798
AUM
$20,148,017
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CRAR4090034
CREDIT AGRICOLE SA JR SUBORDINA REGS 12/49 VAR
4.26%
UBS4792710
UBS GROUP AG JR SUBORDINA REGS 12/99 VAR
4.20%
n/a
Royal Bk Scot Grp Notes 2015-without fixed maturity Conv Additional Tier 1
4.19%
HBC4225465
HSBC HOLDINGS PLC JR SUBORDINA 12/49 VAR
4.12%
SGSOF4080586
SOCIETE GENERALE JR SUBORDINA REGS 12/49 VAR
4.07%
NRDE4810292
NORDEA BANK ABP JR SUBORDINA 144A 12/99 VAR
4.04%
LYG4729300
LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR
4.01%
ING4880203
ING GROEP NV JR SUBORDINA VAR
3.82%
n/a
American Express Co. - FXDFR PRF PERPETUAL USD 1000 - Der D
2.84%
NCBV
Bank Of America Corp. - FXDFR PRF PERPETUAL USD 1000 - Ser DD
2.83%
Invest with PQDI

What is PQDI?

The Principal Spectrum Tax-Advantaged Dividend Active ETF seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying securities at the time of purchase. Such securities include, without limitation, preferred securities and capital securities of U.S. and non-U.S. issuers. The fund invests significantly in securities that, at the time of issuance, are eligible to pay dividends that qualify for favorable U.S. federal income tax treatment, such as dividends treated as qualified dividend income ( QDI ) or qualified dividends from real estate investment trusts ( REITS ).

ETFs related toPQDI

ETFs correlated to PQDI include FPE, FPEI, PREF

PQDI
Principal Exchange-Traded Funds - Principal Spectrum Tax-Advantaged Dividend Active ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
FPEI
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
PREF
Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPQDI

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#LSPC

Lever up S&P with a Commodity Hedge

Category

Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Moderate

Create your own algorithmic trading strategy with PQDI using Composer

FAQ

PQDI is a US Diversified ETF. The Principal Spectrum Tax-Advantaged Dividend Active ETF seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying securities at the time of purchase. Such securities include, without limitation, preferred securities and capital securities of U.S. and non-U.S. issuers. The fund invests significantly in securities that, at the time of issuance, are eligible to pay dividends that qualify for favorable U.S. federal income tax treatment, such as dividends treated as qualified dividend income ( QDI ) or qualified dividends from real estate investment trusts ( REITS ).

PQDI dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, PQDI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PQDI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PQDI is 0.0067%. This is the percent change in the value of PQDI over the most recent 1-month period. The 3-month return on PQDI is 0.0227%. This is the percent change in the value of PQDI over the most recent 3-month period.

The standard deviation of PQDI for the past year is 0.0782%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PQDI include AOR, DRSK, and RLY.

ETFs correlated to PQDI include FPE, FPEI, and PREF.

ETFs that are inversely correlated to PQDI include BNKD, VIXM, and FAZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.