The quantitative screening process has been available at Principal in a separately managed account option and as a component within its broader strategies.
The active ETF will hold small-, medium- and large-cap companies in both growth and value styles, along with real estate investment trusts or REITs. The fund will also hold international companies, with at least 40% of net assets in foreign and emerging market securities. GDVD will typically hold investments tied economically to at least three countries outside the U.S.
Top holdings include Microsoft Corp 2.9%, Taiwan Semiconductor 2.7%, Microchip Technology 2.7%, Deutsche Boerse AG 2.5% and Diageo PLC 2.4%.
The active global dividend ETF is among the few active equity ETF plays in the market as many active managers are loath to reveal their secret sauce under the daily disclosure requirements associated with the ETF investment vehicle.
For more information on new fund products, visit our new ETFs category.