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.
Principal Spectrum Pref&Cptl Scs IncJ PPSJX
- NAV / 1-Day Return 8.86 / +0.09 %
- Total Assets 6.1 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.080%
- Distribution Fee Level Low
- Share Class Type Retirement, Medium
- Category Preferred Stock
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 5.20%
- Effective Duration 3.38 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0
Morningstar’s Analysis PPSJX
Will PPSJX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 15.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
JPMorgan Chase & Co. 3.65% | 2.08 | 126.0 Mil | Corporate |
Dominion Energy Inc 4.65% | 2.02 | 122.3 Mil | Corporate |
Wells Fargo & Co. 3.9% | 1.82 | 110.0 Mil | Corporate |
The Charles Schwab Corporation 4% | 1.59 | 95.9 Mil | Corporate |
Intesa Sanpaolo S.p.A. 7.7% | 1.58 | 95.7 Mil | Corporate |
Truist Financial Corp. 4.8% | 1.51 | 91.3 Mil | Corporate |
Bank of America Corp. 6.5% | 1.41 | 85.3 Mil | Corporate |
Liberty Mut Grp 144A FRN | 1.37 | 82.8 Mil | Corporate |
Huntington Bancshares Incorporated 4.45% | 1.33 | 80.4 Mil | Corporate |
BNP Paribas SA 8.5% | 1.30 | 78.5 Mil | Corporate |