Principal Funds has expanded its line of actively managed exchange traded funds with a new option to help income-minded investors gain exposure to global dividend-generating companies.
On Wednesday, Principal Funds launched the Principal Active Global Dividend Income ETF (BATS: GDVD). GDVD has a 0.58% expense ratio.
The active global dividend income ETF will be managed by the Principal Global Investors team, including Daniel R. Coleman, Paul S. Kim, Cliff Remily and Daniela Spassova.
GDVD will try to generate current income and long-term growth of income and capital by investing in dividend-paying equity securities. The advisors will utilize quantitative screens and research on an industry and company level to identify and monitor companies it believes have the commitment and capacity to pay dividends, according to the prospectus sheet.