Principal Spectrum Preferred and Capital Securities Income Fund Class A
PPSAX
NASDAQ
Rating
Reward
Risk
Fund Information
Fund Type
Category
Sub-Category
Prospectus Objective
Inception Date
Open/Closed to New Investors
Minimum Initial Investment
Minimum Subsequent Investment
Front End Fee
Back End Fee
Asset Allocation
Cash
Stock
U.S. Stock
Non U.S. Stock
Bond
U.S. Bond
Non-U.S. Bond
Preferred
Convertible
Other
Services Offered
Top Holdings
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Similar Funds
Performance
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Forward Dividend Yield
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NAV
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Company Information
Provider
Principal Funds
Manager/Tenure
(Years)
(Years)
L. Phillip Jacoby (22), Mark Lieb (15), Fernando Diaz (14), 4 others
Website
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Address
1290 Broadway, Suite 1100
Denver - CO 80203
Denver - CO 80203
Country
United States
Phone Number
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Investment Strategy
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 and capital securities. 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.
