---
ticker: "PQDI"
name: "Principal Spectrum Preferred and Income ETF"
url: "https://etf.net/etf/PQDI"
grade: "C"
score: 48
graded_at: "2026-10-12"
category: "Preferred Securities"
category_rank: "22 of 31"
methodology: "https://etf.net/methodology"
---

# PQDI: Principal Spectrum Preferred and Income ETF

Grade **C**, Score 48 of 100. Rank 22 of 31 in Preferred Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 25 | 23 of 31 |
| Mission | 82 | 3 of 26 |
| Risk | 71 | 5 of 31 |
| Tradability | 22 | 28 of 31 |
| Holdings | 42 | 22 of 29 |
| Durability | 42 | 21 of 31 |

## Top holdings

The fund holds 126 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Wells Fargo & Company Jr Subordina 12/99 Var | 4.10% |
| 2 | — | Ing Groep NV Jr Subordina 12/99 Var | 4.06% |
| 3 | — | Toronto Dominion Bank Jr Subordina 10/82 Var | 2.67% |
| 4 | — | Credit Agricole SA Jr Subordina 144A 12/99 Var | 2.52% |
| 5 | ALL-PJ | Allstate Corp Prefferd Stock | 2.43% |
| 6 | — | American Express Co Jr Subordina 12/99 Var | 2.21% |
| 7 | — | Goldman Sachs Group Inc Jr Subordina 12/99 Var | 2.03% |
| 8 | — | Bnp Paribas Jr Subordina 144A 12/99 Var | 1.98% |
| 9 | — | Citigroup Inc Jr Subordina 12/99 Var | 1.97% |
| 10 | — | Bank of Nova Scotia Jr Subordina 01/84 Var | 1.95% |
| 11 | CFG-PH | Citizens Financial Group Preferred Stock 7.375 | 1.89% |
| 12 | — | Nordea Bank Abp Jr Subordina 144A 12/99 Var | 1.88% |
| 13 | — | State Street Corp Jr Subordina 12/99 Var | 1.84% |
| 14 | — | Citigroup Inc Jr Subordina 12/99 Var | 1.74% |
| 15 | — | Societe Generale Jr Subordina 144A 12/99 Var | 1.71% |
| 16 | — | Royal Bank of Canada Jr Subordina 05/84 Var | 1.56% |
| 17 | — | Electricite De France SA Jr Subordina 144A 12/99 Var | 1.53% |
| 18 | — | Bank of Montreal Jr Subordina 05/84 Var | 1.48% |
| 19 | RF-PF | Regions Financial Corp Preferred Stock Var | 1.45% |
| 20 | — | Ubs Group AG Jr Subordina 144A 12/99 Var | 1.42% |
| 21 | — | Bank of America Corp Jr Subordina 12/99 Var | 1.38% |
| 22 | — | Bank of Montreal Jr Subordina 11/84 Var | 1.37% |
| 23 | — | Banco Bilbao Vizcaya Arg Jr Subordina 12/99 Var | 1.37% |
| 24 | — | JPMorgan Chase & Co Jr Subordina 12/99 Var | 1.36% |
| 25 | — | Pnc Financial Services Jr Subordina 12/99 Var | 1.36% |
| 26 | — | Toronto Dominion Bank Jr Subordina 10/85 Var | 1.34% |
| 27 | — | Nomura Holdings Inc Jr Subordina 12/99 Var | 1.33% |
| 28 | — | Allianz SE Jr Subordina 144A 12/99 Var | 1.30% |
| 29 | MTB-PJ | M+t Bank Corporation Preferred Stock 7.5 | 1.27% |
| 30 | — | Goldman Sachs Group Inc Jr Subordina 12/99 Var | 1.23% |

Source: etf.net, https://etf.net/etf/PQDI. Please cite the page URL.