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Trending ETFs

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$5.78 B

-

0.82%

Vitals

YTD Return

N/A

1 yr return

8.5%

3 Yr Avg Return

6.0%

5 Yr Avg Return

7.9%

Net Assets

$5.78 B

Holdings in Top 10

17.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.90%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

-

$5.78 B

-

0.82%

PPSPX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 6.0%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Preferred Securities Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Sep 27, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Manu Krishnan

Fund Description


PPSPX - Performance

Return Ranking - Trailing

Period PPSPX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 5.0% 22.1% N/A
1 Yr 8.5% -8.1% 7.3% N/A
3 Yr 6.0%* -4.7% 9.0% N/A
5 Yr 7.9%* -4.2% 4.2% N/A
10 Yr 6.8%* -0.1% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period PPSPX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -15.3% -2.5% N/A
2022 N/A -7.8% 14.8% N/A
2021 N/A -2.1% 8.7% N/A
2020 N/A -17.9% 1.4% N/A
2019 N/A -6.8% 10.0% N/A

Total Return Ranking - Trailing

Period PPSPX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 5.0% 22.1% N/A
1 Yr 8.5% -7.7% 13.7% N/A
3 Yr 6.0%* -0.2% 15.0% N/A
5 Yr 7.9%* -1.8% 10.3% N/A
10 Yr 6.8%* 2.3% 16.7% N/A

* Annualized

Total Return Ranking - Calendar

Period PPSPX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -15.2% 4.5% N/A
2022 N/A 0.9% 18.3% N/A
2021 N/A -2.1% 20.1% N/A
2020 N/A -17.2% 6.2% N/A
2019 N/A -2.2% 23.8% N/A

PPSPX - Holdings

Concentration Analysis

PPSPX Category Low Category High PPSPX % Rank
Net Assets 5.78 B 45.7 M 7.62 B N/A
Number of Holdings 294 15 323 N/A
Net Assets in Top 10 964 M 22.8 M 1.08 B N/A
Weighting of Top 10 17.54% 15.5% 91.1% N/A

Top 10 Holdings

  1. Jpmorgan Chase FRN 2.87%
  2. General Elec FRN 2.46%
  3. Centaur Fdg Pfd 144A 2.13%
  4. Nationwide Finl Svcs FRN 1.57%
  5. Rabobank Nederland 144A FRN 1.53%
  6. Bk New York Mellon FRN 1.45%
  7. Credit Suisse Intl 144A Cv 1.43%
  8. Wells Fargo & Co, San Francisco Ca Pfd 1.41%
  9. Prudential Finl FRN 1.36%
  10. Barclays Cv FRN 1.34%

Asset Allocation

Weighting Return Low Return High PPSPX % Rank
Bonds
41.90% 0.00% 67.73% N/A
Preferred Stocks
36.48% 0.00% 81.38% N/A
Convertible Bonds
11.71% 1.11% 98.86% N/A
Stocks
5.25% 0.00% 29.12% N/A
Cash
4.60% -2.58% 10.26% N/A
Other
0.05% 0.00% 7.34% N/A

Stock Sector Breakdown

Weighting Return Low Return High PPSPX % Rank
Financial Services
3.02% 0.00% 1.65% N/A
Industrials
0.55% 0.00% 3.10% N/A
Utilities
0.53% 0.00% 8.38% N/A
Communication Services
0.46% 0.00% 1.34% N/A
Real Estate
0.07% 0.00% 27.18% N/A
Technology
0.00% 0.00% 3.87% N/A
Healthcare
0.00% 0.00% 2.28% N/A
Energy
0.00% 0.00% 1.17% N/A
Consumer Defense
0.00% 0.00% 1.32% N/A
Consumer Cyclical
0.00% 0.00% 3.86% N/A
Basic Materials
0.00% 0.00% 1.60% N/A

Stock Geographic Breakdown

Weighting Return Low Return High PPSPX % Rank
US
4.53% 0.00% 29.12% N/A
Non US
0.72% 0.00% 3.95% N/A

Bond Sector Breakdown

Weighting Return Low Return High PPSPX % Rank
Corporate
89.81% 11.08% 99.76% N/A
Cash & Equivalents
4.60% -2.58% 9.96% N/A
Derivative
0.05% 0.00% 1.99% N/A
Securitized
0.00% 0.00% 59.40% N/A
Municipal
0.00% 0.00% 0.00% N/A
Government
0.00% 0.00% 2.43% N/A

Bond Geographic Breakdown

Weighting Return Low Return High PPSPX % Rank
US
25.76% 0.00% 63.67% N/A
Non US
16.14% 0.00% 22.35% N/A

PPSPX - Expenses

Operational Fees

PPSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.46% 4.01% N/A
Management Fee 0.70% 0.26% 1.15% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

PPSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PPSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PPSPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.90% 7.00% 213.00% N/A

PPSPX - Distributions

Dividend Yield Analysis

PPSPX Category Low Category High PPSPX % Rank
Dividend Yield 0.00% 0.00% 0.05% N/A

Dividend Distribution Analysis

PPSPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

PPSPX Category Low Category High PPSPX % Rank
Net Income Ratio 5.08% -0.03% 5.51% N/A

Capital Gain Distribution Analysis

PPSPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PPSPX - Fund Manager Analysis

Managers

Manu Krishnan


Start Date

Tenure

Tenure Rank

Dec 31, 2010

6.42

6.4%

Manu Krishnan, CFA - Portfolio Manager and Portfolio Risk Manager Mr. Krishnan is a Portfolio Manager and Portfolio Risk Manager at Spectrum Asset Management. Prior to joining Spectrum in 2004, Manu was an Operational Analyst with the Strategy and Analysis group at Capital One Financial Corporation. Manu also worked as a software development engineer with the MathWorks, Inc. for three years developing algorithms for control and embedded systems. He received an MBA in Finance from Cornell University, an M.S. in Mechanical Engineering from the University of Delaware, a B.S. in Mechanical Engineering from the College of Engineering at Osmania University, India. He has earned the right to use the Chartered Financial Analyst designation.

Roberto Giangregorio


Start Date

Tenure

Tenure Rank

Dec 31, 2010

6.42

6.4%

Bob Giangregorio - Portfolio Manager Mr. Giangregorio is a Portfolio Manager at Spectrum Asset Management. Mr. Giangregorio joined Spectrum in 2003 after receiving his MBA. Mr. Giangregorio was an intern with the Cayuga MBA Fund LLC where he covered Utility Sector equities. He also worked for the Ford Motor Company for over eight years as an engine design engineer. He received a BS in Mechanical Engineering from S.U.N.Y. at Stony Brook and an MS in Mechanical Engineering from the University of Wisconsin-Madison. He also received an MBA with a distinction in Finance from Cornell University.

Kevin Nugent


Start Date

Tenure

Tenure Rank

Dec 01, 2014

2.5

2.5%

Kevin Nugent Mr. Nugent has been a Guaranteed Introducing Broker with MF Global through Nugent Investment Group, LLC, since 2002. Additionally, since 2007 he has been a portfolio manager at Huntington Bay Capital Management and HFP Investment Management, with an emphasis on trading a proprietary volatility strategy for a hedge fund.He has held senior positions at Smith Barney, UBS and Prudential Securities where he developed low risk market strategies by using a proprietary trading model and statistical analysis. He also has extensive experience in developing various hedging strategies for commercial and institutional clients. Mr. Nugent graduated in 1981 with a Bachelor of Arts degree from Ohio Wesleyan University. He holds a Series 3 (National Commodities Futures) license. He is NASD Series 65 (Uniform Investment Advisor Law Examination) examination qualified.

Fernando Diaz


Start Date

Tenure

Tenure Rank

Dec 31, 2010

6.42

6.4%

Fernando “Fred” Diaz - Vice President and Portfolio Manager Mr. Diaz is Vice President and a Portfolio Manager at Spectrum Asset Management. Prior to joining Spectrum in 2000, Mr. Diaz was head of preferred trading at both Spear, Leeds & Kellogg and Pershing, a division of DLJ, where he initiated preferred trading operations at both firms. Mr. Diaz also worked at Goldman Sachs as an analyst in the Investment Banking division and in the Preferred Stock Department as a trader and product analyst.

Mark A. Lieb


Start Date

Tenure

Tenure Rank

Jul 01, 2009

7.92

7.9%

Prior to founding Spectrum in 1987, Mr. Lieb was a Founder, Director and Partner of DBL Preferred Management, Inc., a wholly owned corporate cash management subsidiary of Drexel Burnham Lambert, Inc. Mr. Lieb was instrumental in the formation and development of all aspects of DBL Preferred Management, Inc., including the daily management of preferred stock portfolios for institutional clients, hedging strategies, and marketing strategies. Mr. Lieb's prior employment included the development of the preferred stock trading desk at Mosley Hallgarten & Estabrook. Mr. Lieb holds a BA in Economics from Central Connecticut State College and a MBA (Finance) from the University of Hartford.

L. Phillip Jacoby


Start Date

Tenure

Tenure Rank

May 01, 2002

15.09

15.1%

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 School of Management."

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 34.05 9.6 8.5