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Morningstar

Principal Spectrum Pref&Cptl Scs IncR3 PNARX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.51  /  0.00
  • Total Assets 5.7 Bil
  • Adj. Expense Ratio
    1.260%
  • Expense Ratio 1.260%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 5.31%
  • Effective Duration 3.51 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 11:18 PM GMT+0

Morningstar’s Analysis PNARX

Will PNARX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PNARX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PNARX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PNARX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Principal Spectrum Pref& Cptl Scs IncR3's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PNARX

More PNARX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 133
  • Other Holdings 171
  • % Assets in Top 10 Holdings 23.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Dec 23

12.12
659,580,948
Government

JPMorgan Chase & Co. 3.65%

2.21
120,381,428
Corporate

Dominion Energy Inc 4.65%

2.09
113,843,731
Corporate

Barclays PLC 8%

1.77
96,633,271
Corporate

JPMorgan Chase & Co DR

1.70
92,699,237
Financial Services

Duke Energy Corp 4.875%

1.64
89,398,891
Corporate

Wells Fargo & Company 3.9%

1.63
88,632,736
Corporate

Intesa Sanpaolo S.p.A. 7.7%

1.59
86,617,639
Corporate

HSBC Capital Funding Dollar I L.P. 10.176%

1.59
86,337,076
Corporate

Bank of America Corporation 6.5%

1.55
84,476,257
Corporate