10.48 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 10.48
Category Preferred Stock
Net Assets 854.18 Mil
Yield 4.88%
Morningstar Risk Average
Morningstar Return Below Average
  • Last NAV update 9/16/2014 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 $10,000
  2010 2011 2012 2013 2014
Return 16.04% 1.17% 18.87% 1.47% 9.57%
Value ($) 11,603.63 11,738.83 13,953.87 14,158.40 15,513.86
  • Year to date performance as of 9/16/2014 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 -0.10%
3 Months 0.84%
1 Year 12.05%
3 Years* 9.75%
5 Years* 10.63%
  • * Annualized returns
  • Performance as of 9/16/2014 12:00 AM ET
PEER COMPARISON
  PPSAX Preferred Stock
5-Yr Return 10.63% 12.00%
Sharpe Ratio 1.65 3.94
Net Assets 854.18 Mil 273.75 Mil
Avg Market Cap NA NA
Avg P/E NA NA
Portfolio Turnover 32 56
HOLDINGS
Symbol Value ($)
Stocks 57.15%
Cash 1.44%
Fixed Income 39.92%
Other 1.49%
TOP 10 HOLDINGS
NAME % NET ASSETS
Jpmorgan Chase FRN 2.66%
Qbe Cap Fdg Iii 144A FRN 1.88%
Rabobank Nederland 144A FRN 1.74%
Prudential Finl FRN 1.73%
Nationwide Finl Svcs FRN 1.50%
General Elec Cap FRN 1.39%
General Elec Cap FRN 1.39%
Catlin Ins Co 144A FRN 1.37%
Sompo Japan Ins 144A FRN 1.36%
Wells Fargo & Co New FRN 1.36%
DATA PROVIDERS

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