NYSE Arca · ETF
Invest in PQDI ETF from India
Indian and foreign residents can buy Principal Spectrum Preferred and ETF (PQDI) units directly through Paasa.
By Paasa · Updated
PQDI at a glance
- Price
- $18.73-$0.04 (0.19%)
- Expense ratio
- 0.6%
- Day range
- $18.70 – $18.78
- Assets
- $112.4M
- Domicile
- the US
- Holdings
- 101
- Launched
- 2020
- Dividends
- Distributing
- 1 month
- -2.75%
- 6 months
- -1.99%
- YTD
- -4.39%
- 1 year
- -4.68%
- 5 years
- -13.01%
Price change, excluding dividends.
Top 10 holdings
- 1WELLS FARGO + COMPANY JR SUBORDINA 12/99 VAR4.3%
- 2ING GROEP NV JR SUBORDINA 12/99 VAR3.6%
- 3TORONTO DOMINION BANK JR SUBORDINA 10/82 VAR2.8%
- 4CREDIT AGRICOLE SA JR SUBORDINA 144A 12/99 VAR2.7%
- 5ALLSTATE CORP PREFFERD STOCK2.6%
- 6BNP PARIBAS JR SUBORDINA 144A 12/99 VAR2.1%
- 7CITIGROUP INC JR SUBORDINA 12/99 VAR2.0%
- 8BANK OF NOVA SCOTIA JR SUBORDINA 01/84 VAR2.0%
- 9CITIZENS FINANCIAL GROUP PREFERRED STOCK 7.3752.0%
- 10STATE STREET CORP JR SUBORDINA 12/99 VAR1.9%
PQDI holds 101 securities in total. These 10 are 25.8% of the fund.
Where the money is invested
Sectors
- Financial Services17.4%
- Communication Services0.8%
Countries
- United States45.4%
- Canada16.4%
- United Kingdom10.5%
- France9.0%
- Netherlands3.7%
- Switzerland3.5%
How to invest in PQDI from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search PQDI and buy
Find the fund by its ticker, PQDI, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in PQDI from India
What PQDI holds
The fund's primary objective is to deliver ongoing income to investors. Typically, and under usual market conditions, it dedicates a minimum of 80% of its total investment capital – which comprises its net assets and any funds borrowed for investment purposes – to preferred securities and a diverse range of other instruments designed to generate income.
Hold a dollar asset
PQDI is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one PQDI unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy PQDI from India?
Yes. Indian residents can buy Principal Spectrum Preferred and ETF (PQDI) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does PQDI invest in?
Principal Spectrum Preferred and ETF holds 101 securities. Its largest holdings are WELLS FARGO + COMPANY JR SUBORDINA 12/99 VAR (4.3%), ING GROEP NV JR SUBORDINA 12/99 VAR (3.6%) and TORONTO DOMINION BANK JR SUBORDINA 10/82 VAR (2.8%). Financial Services is its largest sector at 17.4%. It is a distributing fund domiciled in the US.
What is the expense ratio of PQDI?
Principal Spectrum Preferred and ETF has an expense ratio of 0.6% a year, taken from the fund's assets rather than billed to you. The fund manages about $112.4M.
How are PQDI dividends taxed in India?
Principal Spectrum Preferred and ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell PQDI?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one PQDI unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $18.73, and there is no minimum trade size.
What happens to my PQDI units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.