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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 8.86  /  +0.23 %
  • Total Assets 5.9 Bil
  • Adj. Expense Ratio
    1.270%
  • Expense Ratio 1.270%
  • 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 4.78%
  • Effective Duration 3.35 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:18 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-highest 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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 2 Year Treasury Note

13.58 827.1 Mil
Government

JPMorgan Chase & Co. 3.65%

2.08 126.5 Mil
Corporate

Dominion Energy Inc 4.65%

2.00 122.1 Mil
Corporate

Principal Government Money Market R-6

1.91 116.3 Mil
—

Wells Fargo & Co. 3.9%

1.59 97.0 Mil
Corporate

The Charles Schwab Corporation 4%

1.57 95.7 Mil
Corporate

JPMorgan Chase & Co DR

1.52 92.8 Mil
Financial Services

Intesa Sanpaolo S.p.A. 7.7%

1.51 91.7 Mil
Corporate

Truist Financial Corp. 4.8%

1.49 90.8 Mil
Corporate

HSBC Capital Funding Dollar I L.P. 10.176%

1.46 89.1 Mil
Corporate