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Morningstar

Principal Spectrum Pref&Cptl Scs IncR1 PUSAX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.40  /  0.24 %
  • Total Assets 5.6 Bil
  • Adj. Expense Ratio
    1.570%
  • Expense Ratio 1.570%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 0
  • Status Limited
  • TTM Yield 4.98%
  • Effective Duration 3.71 years

USD | NAV as of May 27, 2023 | 1-Day Return as of May 27, 2023, 12:02 AM GMT+0

Morningstar’s Analysis PUSAX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Principal Spectrum Pref&Cptl Scs IncR1's Average People and Parent ratings limit this strategy to a Morningstar Medalist Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PUSAX

More PUSAX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 0
  • Bond Holdings 133
  • Other Holdings 176
  • % Assets in Top 10 Holdings 23.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 2 Year Treasury Note

13.22
753,841,400
Government

JPMorgan Chase & Co. 3.65%

2.13
121,652,840
Corporate

Dominion Energy Inc 4.65%

1.88
107,009,856
Corporate

Duke Energy Corp 4.875%

1.64
93,680,294
Corporate

JPMorgan Chase & Co DR

1.62
92,659,015
Financial Services

HSBC Capital Funding Dollar I L.P. 10.176%

1.53
87,221,328
Corporate

The Charles Schwab Corporation 4%

1.51
86,149,996
Corporate

Bank of America Corporation 6.5%

1.50
85,334,203
Corporate

Truist Financial Corporation 4.8%

1.44
81,938,425
Corporate

Liberty Mut Grp 144A FRN

1.41
80,676,151
Corporate