Principal Spectrum Tax-Advantaged Dividend Active ETF
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PQDI | Active ETF
$19.09
$24.1 M
5.11%
$0.98
0.60%
Vitals
YTD Return
9.6%
1 yr return
13.7%
3 Yr Avg Return
1.9%
5 Yr Avg Return
N/A
Net Assets
$24.1 M
Holdings in Top 10
35.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.50%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PQDI | Active ETF
$19.09
$24.1 M
5.11%
$0.98
0.60%
PQDI - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.15%
- Dividend Yield 5.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePrincipal Spectrum Tax-Advantaged Dividend Active ETF
-
Fund Family NamePrincipal Funds
-
Inception DateJun 16, 2020
-
Shares Outstanding1150001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManu Krishnan
Fund Description
PQDI - Performance
Return Ranking - Trailing
Period | PQDI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.6% | 4.1% | 17.6% | 44.87% |
1 Yr | 13.7% | 9.1% | 30.5% | 70.51% |
3 Yr | 1.9%* | -7.3% | 6.2% | 20.83% |
5 Yr | N/A* | -4.8% | 11.2% | 17.33% |
10 Yr | N/A* | 0.8% | 5.1% | 25.42% |
* Annualized
Return Ranking - Calendar
Period | PQDI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.6% | -3.6% | 14.2% | 53.85% |
2022 | -14.3% | -29.4% | -9.6% | 12.50% |
2021 | -2.1% | -3.4% | 17.2% | 86.11% |
2020 | N/A | -24.8% | 9.0% | N/A |
2019 | N/A | 6.4% | 19.1% | N/A |
Total Return Ranking - Trailing
Period | PQDI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.6% | 4.1% | 17.6% | 44.87% |
1 Yr | 13.7% | 9.1% | 30.5% | 70.51% |
3 Yr | 1.9%* | -7.3% | 6.2% | 20.83% |
5 Yr | N/A* | -4.8% | 11.2% | N/A |
10 Yr | N/A* | 0.8% | 5.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PQDI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -1.9% | 26.5% | 56.41% |
2022 | -9.6% | -26.0% | -5.8% | 12.50% |
2021 | 3.1% | -2.5% | 27.4% | 54.17% |
2020 | N/A | -19.2% | 12.3% | N/A |
2019 | N/A | 10.0% | 32.0% | N/A |
PQDI - Holdings
Concentration Analysis
PQDI | Category Low | Category High | PQDI % Rank | |
---|---|---|---|---|
Net Assets | 24.1 M | 24.1 M | 14.5 B | 100.00% |
Number of Holdings | 62 | 49 | 439 | 92.31% |
Net Assets in Top 10 | 13.2 M | 13.2 M | 1.89 B | 100.00% |
Weighting of Top 10 | 35.41% | 11.3% | 48.1% | 5.13% |
Top 10 Holdings
- Bank of Montreal 4.51%
- American Express Co. 4.22%
- JPMorgan Chase Co. 4.02%
- State Street Corp. 3.88%
- Bank of Nova Scotia 3.60%
- HSBC Holdings PLC 3.60%
- Wells Fargo Co. 2.93%
- PNC Financial Services Group, Inc. 2.92%
- Toronto-Dominion Bank 2.87%
- Dominion Energy, Inc. 2.87%
Asset Allocation
Weighting | Return Low | Return High | PQDI % Rank | |
---|---|---|---|---|
Bonds | 90.60% | 0.00% | 97.75% | 17.95% |
Convertible Bonds | 28.93% | 0.00% | 31.65% | 12.00% |
Preferred Stocks | 7.23% | 0.00% | 125.69% | 83.33% |
Cash | 2.17% | -0.02% | 11.04% | 39.74% |
Stocks | 0.00% | 0.00% | 41.20% | 91.03% |
Other | 0.00% | -4.41% | 10.15% | 66.67% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PQDI % Rank | |
---|---|---|---|---|
Corporate | 97.12% | 62.31% | 100.00% | 66.67% |
Cash & Equivalents | 1.43% | 0.00% | 11.04% | 56.41% |
Derivative | 0.00% | -0.56% | 9.46% | 66.67% |
Securitized | 0.00% | 0.00% | 0.00% | 78.67% |
Municipal | 0.00% | 0.00% | 0.00% | 78.67% |
Government | 0.00% | 0.00% | 21.71% | 90.67% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PQDI % Rank | |
---|---|---|---|---|
US | 90.60% | 0.00% | 97.61% | 8.97% |
Non US | 0.00% | 0.00% | 22.53% | 89.74% |
PQDI - Expenses
Operational Fees
PQDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.60% | 0.05% | 4.46% | 81.82% |
Management Fee | 0.60% | 0.00% | 1.00% | 29.49% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
PQDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
PQDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PQDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 15.50% | 12.00% | 199.00% | 19.12% |
PQDI - Distributions
Dividend Yield Analysis
PQDI | Category Low | Category High | PQDI % Rank | |
---|---|---|---|---|
Dividend Yield | 5.11% | 0.00% | 9.59% | 51.28% |
Dividend Distribution Analysis
PQDI | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PQDI | Category Low | Category High | PQDI % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.15% | 0.88% | 7.54% | 45.95% |
Capital Gain Distribution Analysis
PQDI | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 01, 2024 | $0.081 | OrdinaryDividend |
Oct 01, 2024 | $0.077 | OrdinaryDividend |
Sep 03, 2024 | $0.078 | OrdinaryDividend |
Aug 01, 2024 | $0.073 | OrdinaryDividend |
Jul 01, 2024 | $0.078 | OrdinaryDividend |
Jun 03, 2024 | $0.076 | OrdinaryDividend |
May 01, 2024 | $0.076 | OrdinaryDividend |
Apr 01, 2024 | $0.076 | OrdinaryDividend |
Mar 01, 2024 | $0.073 | OrdinaryDividend |
Feb 01, 2024 | $0.079 | OrdinaryDividend |
Dec 27, 2023 | $0.074 | OrdinaryDividend |
Dec 01, 2023 | $0.086 | OrdinaryDividend |
Nov 01, 2023 | $0.083 | OrdinaryDividend |
Oct 02, 2023 | $0.079 | OrdinaryDividend |
Sep 01, 2023 | $0.082 | OrdinaryDividend |
Aug 01, 2023 | $0.083 | OrdinaryDividend |
Jul 03, 2023 | $0.076 | OrdinaryDividend |
Jun 01, 2023 | $0.074 | OrdinaryDividend |
May 01, 2023 | $0.081 | OrdinaryDividend |
Apr 03, 2023 | $0.084 | OrdinaryDividend |
Mar 01, 2023 | $0.085 | OrdinaryDividend |
Feb 01, 2023 | $0.085 | OrdinaryDividend |
Dec 28, 2022 | $0.088 | OrdinaryDividend |
Dec 01, 2022 | $0.087 | OrdinaryDividend |
Nov 01, 2022 | $0.080 | OrdinaryDividend |
Oct 03, 2022 | $0.083 | OrdinaryDividend |
Sep 01, 2022 | $0.083 | OrdinaryDividend |
Aug 01, 2022 | $0.082 | OrdinaryDividend |
Jul 01, 2022 | $0.087 | OrdinaryDividend |
Jun 01, 2022 | $0.087 | OrdinaryDividend |
May 02, 2022 | $0.086 | OrdinaryDividend |
Apr 01, 2022 | $0.082 | OrdinaryDividend |
Mar 01, 2022 | $0.081 | OrdinaryDividend |
Feb 01, 2022 | $0.083 | OrdinaryDividend |
Dec 29, 2021 | $0.086 | OrdinaryDividend |
Dec 17, 2021 | $0.086 | OrdinaryDividend |
Dec 01, 2021 | $0.082 | OrdinaryDividend |
Nov 01, 2021 | $0.080 | OrdinaryDividend |
Oct 01, 2021 | $0.078 | OrdinaryDividend |
Sep 01, 2021 | $0.080 | OrdinaryDividend |
Aug 02, 2021 | $0.082 | OrdinaryDividend |
Jul 01, 2021 | $0.089 | OrdinaryDividend |
Jun 01, 2021 | $0.090 | OrdinaryDividend |
May 03, 2021 | $0.088 | OrdinaryDividend |
Apr 01, 2021 | $0.082 | OrdinaryDividend |
Mar 01, 2021 | $0.090 | OrdinaryDividend |
Feb 01, 2021 | $0.085 | OrdinaryDividend |
Dec 29, 2020 | $0.091 | OrdinaryDividend |
Dec 17, 2020 | $0.037 | OrdinaryDividend |
Dec 01, 2020 | $0.085 | OrdinaryDividend |
Nov 02, 2020 | $0.087 | OrdinaryDividend |
Oct 01, 2020 | $0.078 | OrdinaryDividend |
Sep 01, 2020 | $0.073 | OrdinaryDividend |
Aug 03, 2020 | $0.127 | OrdinaryDividend |
PQDI - Fund Manager Analysis
Managers
Manu Krishnan
Start Date
Tenure
Tenure Rank
Jun 16, 2020
1.96
2.0%
Manu Krishnan joined Spectrum in 2004. Mr. Krishnan earned a B.S. in Mechanical Engineering from the College of Engineering, Osmania University, India, an M.S. in Mechanical Engineering from the University of Delaware, and an M.B.A. in Finance from Cornell University. Mr. Krishnan has earned the right to use the Chartered Financial Analyst designation.
Kevin Nugent
Start Date
Tenure
Tenure Rank
Jun 16, 2020
1.96
2.0%
Kevin Nugent joined Spectrum in 2012. Previously, Mr. Nugent had been a Guaranteed Introducing Broker with MF Global through Nugent Investment Group, LLC, since 2002. Additionally, since 2007 he has been a portfolio manager at Huntington Bay Capital Management and HFP Investment Management, with an emphasis on trading a proprietary volatility strategy for a hedge fund. He has held senior positions at Smith Barney, UBS and Prudential Securities where he developed low risk market strategies by using a proprietary trading model and statistical analysis. He also has extensive experience in developing various hedging strategies for commercial and institutional clients. Mr. Nugent graduated in 1981 with a Bachelor of Arts degree from Ohio Wesleyan University. He holds a Series 3 (National Commodities Futures) license. He is NASD Series 65 (Uniform Investment Advisor Law Examination) examination qualified.
Fernando Diaz
Start Date
Tenure
Tenure Rank
Jun 16, 2020
1.96
2.0%
Prior to joining Spectrum in 2000, Mr. Diaz was head of preferred trading at Spear, Leeds & Kellogg and Pershing, a division of DLJ, where he initiated preferred trading operations at both firms. Mr. Diaz also worked at Goldman Sachs as an analyst in the Investment Banking division and in the Preferred Stock Department as a trader and product analyst.
Roberto Giangregorio
Start Date
Tenure
Tenure Rank
Jun 16, 2020
1.96
2.0%
Mr. Giangregorio joined Spectrum in 2003. Previously, he was an intern with the Cayuga MBA Fund LLC where he covered Utility Sector equities. He also worked for the Ford Motor Company for over eight years as an engine design engineer. Mr. Giangregorio holds a BS (Mechanical Engineering) from S.U.N.Y. at Stony Brook, a MS (Mechanical Engineering) from the University of Wisconsin-Madison and a MBA (Finance) with distinction from Cornell University.
Mark Lieb
Start Date
Tenure
Tenure Rank
Jun 16, 2020
1.96
2.0%
Prior to founding Spectrum in 1987, Mr. Lieb was a Founder, Director and Partner of DBL Preferred Management, Inc., a wholly owned corporate cash management subsidiary of Drexel Burnham Lambert, Inc. Mr. Lieb was instrumental in the formation and development of all aspects of DBL Preferred Management, Inc., including the daily management of preferred stock portfolios for institutional clients, hedging strategies, and marketing strategies. Mr. Lieb's prior employment included the development of the preferred stock trading desk at Mosley Hallgarten & Estabrook. Mr. Lieb holds a BA in Economics from Central Connecticut State College and a MBA (Finance) from the University of Hartford.
L. Jacoby
Start Date
Tenure
Tenure Rank
Jun 16, 2020
1.96
2.0%
Mr. Jacoby joined Spectrum in 1995 as a Portfolio Manager and most recently held the position of Managing Director and Senior Portfolio Manager until his appointment as CIO on January 1, 2010, following the planned retirement of his predecessor. Prior to joining Spectrum, Mr. Jacoby was a Senior Investment Officer at USL Capital Corporation (a subsidiary of Ford Motor Corporation) and co-manager of the preferred stock portfolio of its US Corporate Financing Division for six years. Mr. Jacoby began his career in 1981 with The Northern Trust Company, Chicago and then moved to Los Angeles to join E.F. Hutton & Co. as a Vice President and Institutional Salesman, Generalist Fixed Income Sales through most of the 1980s. Mr. Jacoby holds a BSBA (Finance) from the Boston University School of Management.
Satomi Yarnell
Start Date
Tenure
Tenure Rank
Aug 02, 2021
0.83
0.8%
Satomi Yarnell joined Spectrum in 2015. Ms. Yarnell earned a M.A. in Economics from Waseda University. Ms. Yarnell has earned the right to use the Chartered Financial Analyst designation and is a Chartered Member of Security Analyst Association of Japan (CMA).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.8 | 11.42 |