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Morningstar

Principal Spectrum Pref&Cptl Scs IncJ PPSJX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 8.91  /  0.11 %
  • Total Assets 6.1 Bil
  • Adj. Expense Ratio
    1.010%
  • Expense Ratio 1.030%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 5.45%
  • Effective Duration 3.74 years

USD | NAV as of Jan 27, 2023 | 1-Day Return as of Jan 27, 2023, 11:16 PM GMT+00:00

Morningstar’s Analysis PPSJX

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

People Pillar

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

Summary

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Principal Spectrum Pref&Cptl Scs IncJ's recent fee cut isn't enough to counter the impact of its decreased People Pillar rating, resulting in a downgrade to this strategy's Morningstar Quantitative Rating to Neutral from Bronze. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

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