Principal Preferred Securities Fund Class J (PPSJX)

9.85
Net Asset Value
0.00%
1 Day
-3.34%
Year-to-Date
Overall Morningstar Rating
Preferred stock
Style or Category
No Load
Sales Expenses
1.03%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide current income. The fund invests at least 80% of its net assets- plus any borrowing for investment purposes- in preferred securities at the time of purchase. Preferred securities typically include preferred stock and various types of junior subordinated debt and trust preferred securities. It concentrates its investments (invests more than 25% of its net assets) in securities in the financial services (i.e.- banking- insurance and commercial finance) industry.

Performance

1 month-0.59% 3 years+4.41%
3 months-0.49% 5 years+4.71%
1 year+1.90% Since inception+5.24%
Data through --

Peer Comparisonvs. Preferred stock

 PPSJXCategory
Performance 5-yr return+4.71%+4.36%
Expense ratio1.03%1.21%
Risk 5 year sharpe ratio1.270.88
Net assets$5.8B$1.9B
Average market cap--$19.3B
Average P/E--18.7
Portfolio turnover16%16%

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Fund Management and Purchase Info

Fund familyPrincipal Funds
Fund manager & tenureL. Jacoby / 16 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

Fixed income62.98%
Other34.78%
Cash2.20%
International stock0.03%
U.S. stock0.00%
Top 5 Sectors
Portfolio weighting
Financial service 99.98%
Utilities 0.02%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Top 10 Holdings
Portfolio weighting
-- 2.61%
-- 1.94%
-- 1.76%
-- 1.57%
-- 1.56%
-- 1.51%
-- 1.51%
WFCPRL Wells Fargo & Co1.39%
-- 1.35%
-- 1.34%