PCOV ETF — Principal Equity Premium Income ETF

Principal Equity Premium Income ETF (PCOV)

Updated October 16, 2026.

PCOV is an ETF. its trailing-12-month yield is 1.31%, its expense ratio is 0.34%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -2.2% over the past 0.2 years, 1.7 points behind SPY at -0.5%.

Principal Equity Premium Income ETF is an actively managed equity fund that invests at least 80% of assets in dividend-paying stocks while employing a covered call option-writing overlay to generate additional income. The fund has an expense ratio of 0.34%. It may appeal to income-focused investors seeking current payouts enhanced through options strategies, though the irregular distribution pattern and recent special distribution warrant attention to the actual payout schedule before investing.

PCOV performance versus SPY

Price and return data through 2026-10-16.

Total return is -2.2% over the past 0.2 years, 1.7 points behind SPY at -0.5%.

PCOV key facts

Distribution Safety Score™

50 · Unproven

Issuer

Principal

Asset type

ETF

Asset class

Equity

Inception date

08/19/2026

Expense ratio

0.34%

Distribution frequency

Monthly

Trailing yield

1.31%

Last close

$24.24 (as of 2026-10-16)

AUM

$10,124,338

Average volume

6.0

Dividend

$0.318

Ex-dividend date

10/01/2026

Payment date

10/05/2026

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.31%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Principal or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PCOV risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider PCOV — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PCOV

• All tickers starting with P

Tagged: Active, Covered Call, Options.

Frequently asked questions

More securities from Principal.