PQDIPrincipal Spectrum Preferred and Income ETF
Seeks to provide current income.
Principal Funds · Since 2020 (5 years)
0.60%
#2918 out of 5,332 ETFs
$67M
#3094 out of 5,332 ETFs
5.20%
5 years
#2172 out of 5,332 ETFs
Performance
1 Year
+8.6%
3 Years
+9.0%
5 Years
+3.3%
What's inside
Asset allocation
Risk profile
3.2%
Moderate
-17.4%
Worst peak-to-trough loss
1.52
Excellent risk-adjusted returns
2.19
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05