10.32 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 10.32
Category Preferred Stock
Net Assets 969.09 Mil
Yield 5.09%
Morningstar Risk Below Average
Morningstar Return Low
  • Last NAV update 4/17/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks to provide current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of each purchase. It concentrates its investments (invests more than 25% of its net assets) in securities in the U.S. and non-U.S. financial services (i.e., banking, insurance and commercial finance,) industry. The fund also regularly invests in the real estate investment trust (i.e. REIT) and utility industries.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 16.04% 1.17% 18.87% 1.47% 5.89%
Value ($) 11,603.63 11,738.83 13,953.87 14,158.40 14,992.60
  • Year to date performance as of 4/17/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Principal Funds
Fund Manager L. Jacoby IV
Tenure (Years) 12
Fund Status Open
Minimum Initial Purchase 1,000.00
Minimum IRA Investment NA
Front Load 3.75
Expense Ratio 1.07%
PERFORMANCE
Symbol Value ($)
1 Month 1.19%
3 Months 4.00%
1 Year 3.84%
3 Years* 7.40%
5 Years* 17.64%
  • * Annualized returns
  • Performance as of 4/17/2014 12:00 AM ET
PEER COMPARISON
  PPSAX Preferred Stock
5-Yr Return 17.64% 19.68%
Sharpe Ratio 1.23 0.57
Net Assets 969.09 Mil 273.75 Mil
Avg Market Cap NA NA
Avg P/E 11.66 NA
Portfolio Turnover 32 49
HOLDINGS
Symbol Value ($)
Stocks 60.56%
Cash 3.84%
Fixed Income 33.79%
Other 1.83%
TOP 10 HOLDINGS
NAME % NET ASSETS
Goldman Sachs Cap I 6.345% 2.81%
Qbe Cap Fdg Iii 144A FRN 2.01%
Prudential Finl FRN 1.78%
Catlin Ins Co 144A FRN 1.71%
Rabobank Nederland 144A FRN 1.69%
Nationwide Finl Svcs FRN 1.55%
Jpmorgan Chase FRN 1.49%
Sompo Japan Ins 144A FRN 1.45%
General Elec Cap FRN 1.45%
General Elec Cap FRN 1.43%
DATA PROVIDERS

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