Nasdaq - Delayed Quote USD

Principal Spectrum Pref&Cptl Scs IncA (PPSAX)

8.98 0.00 (0.00%)
At close: 8:00 PM EDT

Fund Summary

The fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in preferred securities and capital securities at the time of purchase. Preferred securities typically include preferred stock and various types of junior subordinated debt and trust preferred securities. It also invests up to 55% of its assets in below-investment-grade preferred securities and bonds (sometimes called “high yield bonds” or “junk bonds”), which are rated at the time of purchase Ba1 or lower by Moody’s and BB+ or lower by S&P Global.

Principal Spectrum Pref&Cptl Scs IncA

Des Moines, IA 50392
711 High Street
(800) 986-3343

Fund Overview

Category Preferred Stock
Fund Family Principal Funds
Net Assets 6.09B
YTD Return 3.65%
Yield 4.92%
Morningstar Rating
Inception Date Jan 16, 2007

Fund Operations

Last Dividend 0.14
Last Cap Gain -16.00
Holdings Turnover 16.50%
Average for Category --

Fees & Expenses

Expense PPSAX Category Average
Annual Report Expense Ratio (net) 1.82% 1.00%
Prospectus Net Expense Ratio 1.82% --
Prospectus Gross Expense Ratio 1.82% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.00%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

L. PHILLIP JACOBY, IV - Executive Director and Chief Investment Officer. Mr. Jacoby joined Spectrum in 1995 as a Portfolio Manager and most recently held the position of Managing Director and Senior Portfolio Manager until his appointment as CIO on January 1, 2010, following the planned retirement of his predecessor. Prior to joining Spectrum, Mr. Jacoby was a Senior Investment Officer at USL Capital Corporation (a subsidiary of Ford Motor Corporation) and co-manager of the preferred stock portfolio of its US Corporate Financing Division for six years. Mr. Jacoby began his career in 1981 with The Northern Trust Company, Chicago and then moved to Los Angeles to join E.F. Hutton & Co. as a Vice President and Institutional Salesman, Generalist Fixed Income Sales through most of the 1980s. Mr. Jacoby holds a BSBA (Finance) from the Boston University Questrom School of Business.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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