Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PQDI | Active ETF
$18.64
$20 M
4.69%
$0.88
0.60%
YTD Return
3.6%
1 yr return
15.9%
3 Yr Avg Return
0.8%
5 Yr Avg Return
N/A
Net Assets
$20 M
Holdings in Top 10
37.1%
Expense Ratio 0.60%
Front Load N/A
Deferred Load N/A
Turnover 15.50%
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PQDI | Active ETF
$18.64
$20 M
4.69%
$0.88
0.60%
Period | PQDI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -0.8% | 6.7% | 51.28% |
1 Yr | 15.9% | 10.2% | 29.9% | 46.15% |
3 Yr | 0.8%* | -7.6% | 8.1% | 22.22% |
5 Yr | N/A* | -4.5% | 6.3% | 17.33% |
10 Yr | N/A* | 1.1% | 4.9% | 25.42% |
* Annualized
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 |
Period | PQDI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -0.8% | 6.7% | 51.28% |
1 Yr | 15.9% | 10.2% | 29.9% | 46.15% |
3 Yr | 0.8%* | -7.6% | 8.1% | 22.22% |
5 Yr | N/A* | -4.5% | 6.3% | N/A |
10 Yr | N/A* | 1.1% | 4.9% | N/A |
* Annualized
Period | PQDI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.2% | -1.9% | 26.5% | 55.13% |
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 | Category Low | Category High | PQDI % Rank | |
---|---|---|---|---|
Net Assets | 20 M | 20 M | 14.5 B | 100.00% |
Number of Holdings | 49 | 45 | 450 | 98.72% |
Net Assets in Top 10 | 7.69 M | 7.69 M | 1.65 B | 100.00% |
Weighting of Top 10 | 37.11% | 12.1% | 45.9% | 3.85% |
Weighting | Return Low | Return High | PQDI % Rank | |
---|---|---|---|---|
Bonds | 86.43% | 0.00% | 98.46% | 29.49% |
Convertible Bonds | 28.93% | 0.00% | 31.65% | 12.00% |
Preferred Stocks | 10.18% | 0.00% | 126.07% | 71.79% |
Cash | 3.39% | -0.02% | 9.83% | 15.38% |
Stocks | 0.00% | 0.00% | 28.30% | 98.72% |
Other | 0.00% | -4.48% | 12.19% | 82.05% |
Weighting | Return Low | Return High | PQDI % Rank | |
---|---|---|---|---|
Corporate | 97.12% | 62.31% | 100.00% | 66.67% |
Cash & Equivalents | 2.73% | 0.00% | 9.28% | 28.21% |
Derivative | 0.00% | -0.63% | 12.19% | 83.33% |
Securitized | 0.00% | 0.00% | 0.00% | 90.67% |
Municipal | 0.00% | 0.00% | 0.00% | 90.67% |
Government | 0.00% | 0.00% | 21.71% | 100.00% |
Weighting | Return Low | Return High | PQDI % Rank | |
---|---|---|---|---|
US | 86.43% | 0.00% | 98.46% | 29.49% |
Non US | 0.00% | 0.00% | 22.53% | 96.15% |
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 |
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 |
PQDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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 | Category Low | Category High | PQDI % Rank | |
---|---|---|---|---|
Dividend Yield | 4.69% | 0.00% | 9.40% | 52.56% |
PQDI | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
PQDI | Category Low | Category High | PQDI % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.15% | 0.88% | 7.54% | 45.95% |
PQDI | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Mar 06, 2024 | $0.073 | OrdinaryDividend |
Feb 06, 2024 | $0.079 | OrdinaryDividend |
Jan 02, 2024 | $0.074 | OrdinaryDividend |
Dec 06, 2023 | $0.086 | OrdinaryDividend |
Nov 06, 2023 | $0.083 | OrdinaryDividend |
Oct 05, 2023 | $0.079 | OrdinaryDividend |
Sep 07, 2023 | $0.082 | OrdinaryDividend |
Aug 04, 2023 | $0.083 | OrdinaryDividend |
Jul 07, 2023 | $0.076 | OrdinaryDividend |
Jun 06, 2023 | $0.074 | OrdinaryDividend |
May 04, 2023 | $0.081 | OrdinaryDividend |
Apr 06, 2023 | $0.084 | OrdinaryDividend |
Mar 06, 2023 | $0.085 | OrdinaryDividend |
Feb 06, 2023 | $0.085 | OrdinaryDividend |
Jan 03, 2023 | $0.088 | OrdinaryDividend |
Dec 06, 2022 | $0.087 | OrdinaryDividend |
Nov 04, 2022 | $0.080 | OrdinaryDividend |
Oct 06, 2022 | $0.083 | OrdinaryDividend |
Sep 07, 2022 | $0.083 | OrdinaryDividend |
Aug 04, 2022 | $0.082 | OrdinaryDividend |
Jul 07, 2022 | $0.087 | OrdinaryDividend |
Jun 06, 2022 | $0.087 | OrdinaryDividend |
May 05, 2022 | $0.086 | OrdinaryDividend |
Apr 06, 2022 | $0.082 | OrdinaryDividend |
Mar 04, 2022 | $0.081 | OrdinaryDividend |
Feb 04, 2022 | $0.083 | OrdinaryDividend |
Jan 03, 2022 | $0.087 | OrdinaryDividend |
Dec 06, 2021 | $0.082 | OrdinaryDividend |
Nov 04, 2021 | $0.080 | OrdinaryDividend |
Oct 06, 2021 | $0.078 | OrdinaryDividend |
Sep 07, 2021 | $0.080 | OrdinaryDividend |
Aug 05, 2021 | $0.082 | OrdinaryDividend |
Jul 07, 2021 | $0.089 | OrdinaryDividend |
Jun 04, 2021 | $0.090 | OrdinaryDividend |
May 06, 2021 | $0.088 | OrdinaryDividend |
Apr 07, 2021 | $0.082 | OrdinaryDividend |
Mar 04, 2021 | $0.090 | OrdinaryDividend |
Feb 04, 2021 | $0.085 | OrdinaryDividend |
Jan 04, 2021 | $0.091 | OrdinaryDividend |
Dec 04, 2020 | $0.085 | OrdinaryDividend |
Nov 05, 2020 | $0.087 | OrdinaryDividend |
Oct 06, 2020 | $0.078 | OrdinaryDividend |
Sep 04, 2020 | $0.073 | OrdinaryDividend |
Aug 06, 2020 | $0.127 | OrdinaryDividend |
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.
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.
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.
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.
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.
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.
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).
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.8 | 11.42 |
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