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Morningstar

Principal Spectrum Pref&Cptl Scs IncA PPSAX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.99  /  0.00
  • Total Assets 6.0 Bil
  • Adj. Expense Ratio
    1.050%
  • Expense Ratio 1.050%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.92%
  • Effective Duration 3.35 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 12:14 AM GMT+0

Morningstar’s Analysis PPSAX

Will PPSAX 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 PPSAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PPSAX 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 PPSAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Principal Spectrum Pref& Cptl Scs IncA'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 PPSAX

More PPSAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 2 Year Treasury Note

13.18 791.3 Mil
Government

JPMorgan Chase & Co. 3.65%

2.16 129.4 Mil
Corporate

Dominion Energy Inc 4.65%

2.01 120.9 Mil
Corporate

Wells Fargo & Co. 3.9%

1.61 96.6 Mil
Corporate

The Charles Schwab Corporation 4%

1.58 94.9 Mil
Corporate

Intesa Sanpaolo S.p.A. 7.7%

1.57 94.0 Mil
Corporate

JPMorgan Chase & Co DR

1.54 92.4 Mil
Financial Services

Truist Financial Corp. 4.8%

1.51 90.7 Mil
Corporate

HSBC Capital Funding Dollar I L.P. 10.176%

1.47 88.4 Mil
Corporate

Bank of America Corp. 6.5%

1.45 87.3 Mil
Corporate