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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 8.67  /  0.34 %
  • Total Assets 5.7 Bil
  • Adj. Expense Ratio
    1.030%
  • Expense Ratio 1.030%
  • 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 5.32%
  • Effective Duration 3.60 years

USD | NAV as of Sep 21, 2023 | 1-Day Return as of Sep 21, 2023, 10:29 PM 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

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PPSAX

More PPSAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 132
  • Other Holdings 174
  • % Assets in Top 10 Holdings 22.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 2 Year Treasury Note

11.62
668,630,070
Government

JPMorgan Chase & Co. 3.65%

2.14
123,030,959
Corporate

Barclays PLC 8%

2.08
119,734,859
Corporate

Dominion Energy Inc 4.65%

1.97
113,116,295
Corporate

JPMorgan Chase & Co DR

1.59
91,742,163
Financial Services

Duke Energy Corp 4.875%

1.59
91,542,417
Corporate

The Charles Schwab Corporation 4%

1.55
89,193,070
Corporate

Bank of America Corporation 6.5%

1.52
87,663,084
Corporate

HSBC Capital Funding Dollar I L.P. 10.176%

1.51
86,593,013
Corporate

Truist Financial Corporation 4.8%

1.48
84,999,141
Corporate