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Principal Spectrum Pref&Cptl Scs IncR4 PQARX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.00  /  +0.18 %
  • Total Assets 6.1 Bil
  • Adj. Expense Ratio
    1.080%
  • 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 —
  • Status Open
  • TTM Yield 5.07%
  • 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 PQARX

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

  • People Pillar

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

Strength in Principal Spectrum Pref& Cptl Scs IncR4'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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PQARX

More PQARX Holdings
  • 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