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Principal Spectrum Pref&Cptl Scs IncR4 PQARX

Quantitative rating as of
  • NAV / 1-Day Return 9.03  /  0.11 %
  • Total Assets 6.1 Bil
  • Adj. Expense Ratio
    1.070%
  • Expense Ratio 1.070%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.30%
  • Effective Duration 3.74 years

Morningstar’s Analysis PQARX

Will PQARX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Summary

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A drop in People Pillar rating is the primary driver of Principal Spectrum Pref&Cptl Scs IncR4's downgrade to a Morningstar Quantitative Rating of Neutral from Bronze. 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.

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