Capital Securities Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.1%
1 yr return
11.6%
3 Yr Avg Return
0.0%
5 Yr Avg Return
3.6%
Net Assets
$1.11 B
Holdings in Top 10
21.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 14.20%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PCSFX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.34%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameCapital Securities Fund
-
Fund Family NamePrincipal Funds
-
Inception DateMar 14, 2014
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManu Krishnan
Fund Description
PCSFX - Performance
Return Ranking - Trailing
Period | PCSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -4.0% | 3.6% | 2.56% |
1 Yr | 11.6% | 2.6% | 17.6% | 21.79% |
3 Yr | 0.0%* | -8.8% | 5.9% | 22.22% |
5 Yr | 3.6%* | -5.6% | 4.8% | 7.58% |
10 Yr | 4.4%* | 0.6% | 4.6% | 6.67% |
* Annualized
Return Ranking - Calendar
Period | PCSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.7% | -3.6% | 14.2% | 52.56% |
2022 | -16.0% | -29.4% | -9.6% | 34.72% |
2021 | -0.8% | -3.4% | 17.2% | 55.56% |
2020 | 2.3% | -24.8% | 9.0% | 14.49% |
2019 | 11.0% | 6.4% | 19.1% | 64.62% |
Total Return Ranking - Trailing
Period | PCSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -4.0% | 3.6% | 2.56% |
1 Yr | 11.6% | 2.6% | 17.6% | 21.79% |
3 Yr | 0.0%* | -8.8% | 5.9% | 22.22% |
5 Yr | 3.6%* | -5.6% | 4.8% | 7.58% |
10 Yr | 4.4%* | 0.6% | 4.6% | 6.67% |
* Annualized
Total Return Ranking - Calendar
Period | PCSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.8% | -1.9% | 26.5% | 35.90% |
2022 | -11.4% | -26.0% | -5.8% | 31.94% |
2021 | 3.7% | -2.5% | 27.4% | 45.83% |
2020 | 7.7% | -19.2% | 12.3% | 7.25% |
2019 | 17.4% | 10.0% | 32.0% | 56.92% |
NAV & Total Return History
PCSFX - Holdings
Concentration Analysis
PCSFX | Category Low | Category High | PCSFX % Rank | |
---|---|---|---|---|
Net Assets | 1.11 B | 24.1 M | 14.5 B | 43.59% |
Number of Holdings | 171 | 45 | 450 | 71.79% |
Net Assets in Top 10 | 227 M | 7.69 M | 1.65 B | 53.85% |
Weighting of Top 10 | 21.68% | 12.1% | 48.1% | 43.59% |
Top 10 Holdings
- US Bancorp 2.36%
- Duke Energy Corp 2.33%
- Zurich Finance Ireland Designated Activity Co 2.30%
- American Express Co 2.17%
- Bank of New York Mellon Corp/The 2.16%
- Bank of Nova Scotia/The 2.15%
- Dominion Energy Inc 2.15%
- Charles Schwab Corp/The 2.14%
- Discover Financial Services 1.97%
- Truist Financial Corp 1.95%
Asset Allocation
Weighting | Return Low | Return High | PCSFX % Rank | |
---|---|---|---|---|
Bonds | 97.45% | 0.00% | 98.46% | 2.56% |
Convertible Bonds | 20.77% | 0.00% | 31.65% | 50.67% |
Cash | 2.40% | -0.02% | 10.76% | 48.72% |
Preferred Stocks | 0.27% | 0.00% | 125.53% | 98.72% |
Stocks | 0.13% | 0.00% | 28.30% | 33.33% |
Other | 0.00% | -4.48% | 12.19% | 70.51% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PCSFX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 54.17% |
Technology | 0.00% | 0.00% | 0.00% | 60.42% |
Real Estate | 0.00% | 0.00% | 100.00% | 20.83% |
Industrials | 0.00% | 0.00% | 7.56% | 31.25% |
Healthcare | 0.00% | 0.00% | 4.02% | 31.25% |
Financial Services | 0.00% | 0.00% | 100.00% | 31.25% |
Energy | 0.00% | 0.00% | 11.41% | 64.58% |
Communication Services | 0.00% | 0.00% | 1.77% | 64.58% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 60.42% |
Consumer Cyclical | 0.00% | 0.00% | 0.00% | 60.42% |
Basic Materials | 0.00% | 0.00% | 0.00% | 12.50% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PCSFX % Rank | |
---|---|---|---|---|
US | 0.13% | 0.00% | 28.30% | 33.33% |
Non US | 0.00% | 0.00% | 1.93% | 73.08% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PCSFX % Rank | |
---|---|---|---|---|
Corporate | 98.38% | 62.31% | 100.00% | 26.67% |
Cash & Equivalents | 2.40% | 0.00% | 10.76% | 33.33% |
Government | 0.17% | 0.00% | 21.71% | 62.67% |
Derivative | 0.00% | -0.63% | 12.19% | 70.51% |
Securitized | 0.00% | 0.00% | 0.00% | 70.67% |
Municipal | 0.00% | 0.00% | 0.00% | 70.67% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PCSFX % Rank | |
---|---|---|---|---|
US | 97.45% | 0.00% | 98.46% | 2.56% |
Non US | 0.00% | 0.00% | 22.53% | 84.62% |
PCSFX - Expenses
Operational Fees
PCSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.05% | 0.05% | 4.46% | 100.00% |
Management Fee | 0.00% | 0.00% | 1.00% | 2.56% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
PCSFX 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% | 1.00% | N/A |
Trading Fees
PCSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
PCSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 14.20% | 12.00% | 199.00% | 13.24% |
PCSFX - Distributions
Dividend Yield Analysis
PCSFX | Category Low | Category High | PCSFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.89% | 35.90% |
Dividend Distribution Analysis
PCSFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
PCSFX | Category Low | Category High | PCSFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.34% | 0.88% | 7.54% | 37.84% |
Capital Gain Distribution Analysis
PCSFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 25, 2024 | $0.038 | OrdinaryDividend |
Feb 26, 2024 | $0.038 | OrdinaryDividend |
Jan 26, 2024 | $0.038 | OrdinaryDividend |
Dec 27, 2023 | $0.052 | OrdinaryDividend |
Nov 27, 2023 | $0.052 | OrdinaryDividend |
Oct 26, 2023 | $0.051 | OrdinaryDividend |
Sep 26, 2023 | $0.050 | OrdinaryDividend |
Aug 28, 2023 | $0.038 | OrdinaryDividend |
Jul 26, 2023 | $0.038 | OrdinaryDividend |
Jun 27, 2023 | $0.038 | OrdinaryDividend |
May 25, 2023 | $0.038 | OrdinaryDividend |
Apr 25, 2023 | $0.037 | OrdinaryDividend |
Mar 28, 2023 | $0.038 | OrdinaryDividend |
Feb 23, 2023 | $0.040 | OrdinaryDividend |
Jan 26, 2023 | $0.039 | OrdinaryDividend |
Dec 28, 2022 | $0.055 | OrdinaryDividend |
Nov 23, 2022 | $0.051 | OrdinaryDividend |
Oct 26, 2022 | $0.050 | OrdinaryDividend |
Sep 27, 2022 | $0.050 | OrdinaryDividend |
Aug 26, 2022 | $0.038 | OrdinaryDividend |
Jul 26, 2022 | $0.038 | OrdinaryDividend |
Jun 27, 2022 | $0.038 | OrdinaryDividend |
May 25, 2022 | $0.038 | OrdinaryDividend |
Apr 26, 2022 | $0.036 | OrdinaryDividend |
Mar 28, 2022 | $0.037 | OrdinaryDividend |
Feb 23, 2022 | $0.036 | OrdinaryDividend |
Jan 26, 2022 | $0.036 | OrdinaryDividend |
Dec 29, 2021 | $0.048 | OrdinaryDividend |
Nov 24, 2021 | $0.044 | OrdinaryDividend |
Oct 26, 2021 | $0.048 | OrdinaryDividend |
Sep 27, 2021 | $0.047 | OrdinaryDividend |
Aug 26, 2021 | $0.034 | OrdinaryDividend |
Jul 27, 2021 | $0.035 | OrdinaryDividend |
Jun 25, 2021 | $0.035 | OrdinaryDividend |
May 25, 2021 | $0.038 | OrdinaryDividend |
Apr 27, 2021 | $0.038 | OrdinaryDividend |
Mar 26, 2021 | $0.038 | OrdinaryDividend |
Feb 23, 2021 | $0.038 | OrdinaryDividend |
Jan 26, 2021 | $0.038 | OrdinaryDividend |
Dec 29, 2020 | $0.051 | OrdinaryDividend |
Nov 24, 2020 | $0.050 | OrdinaryDividend |
Oct 27, 2020 | $0.047 | OrdinaryDividend |
Sep 25, 2020 | $0.046 | OrdinaryDividend |
Aug 26, 2020 | $0.040 | OrdinaryDividend |
Jul 28, 2020 | $0.039 | OrdinaryDividend |
Jun 25, 2020 | $0.041 | OrdinaryDividend |
May 26, 2020 | $0.041 | OrdinaryDividend |
Apr 27, 2020 | $0.041 | OrdinaryDividend |
Mar 26, 2020 | $0.040 | OrdinaryDividend |
Feb 25, 2020 | $0.040 | OrdinaryDividend |
Jan 28, 2020 | $0.040 | OrdinaryDividend |
Dec 27, 2019 | $0.063 | OrdinaryDividend |
Nov 25, 2019 | $0.052 | OrdinaryDividend |
Oct 28, 2019 | $0.050 | OrdinaryDividend |
Sep 25, 2019 | $0.045 | OrdinaryDividend |
Aug 27, 2019 | $0.045 | OrdinaryDividend |
Jul 26, 2019 | $0.043 | OrdinaryDividend |
Jun 25, 2019 | $0.044 | OrdinaryDividend |
May 29, 2019 | $0.045 | OrdinaryDividend |
Apr 25, 2019 | $0.045 | OrdinaryDividend |
Mar 26, 2019 | $0.044 | OrdinaryDividend |
Feb 25, 2019 | $0.045 | OrdinaryDividend |
Jan 28, 2019 | $0.042 | OrdinaryDividend |
Dec 27, 2018 | $0.077 | OrdinaryDividend |
Nov 27, 2018 | $0.051 | OrdinaryDividend |
Oct 26, 2018 | $0.048 | OrdinaryDividend |
Aug 28, 2018 | $0.038 | OrdinaryDividend |
Jul 26, 2018 | $0.041 | OrdinaryDividend |
Jun 26, 2018 | $0.043 | OrdinaryDividend |
May 29, 2018 | $0.044 | OrdinaryDividend |
Apr 25, 2018 | $0.046 | OrdinaryDividend |
Mar 26, 2018 | $0.044 | OrdinaryDividend |
Feb 23, 2018 | $0.045 | OrdinaryDividend |
Jan 26, 2018 | $0.046 | OrdinaryDividend |
Dec 27, 2017 | $0.060 | OrdinaryDividend |
Nov 27, 2017 | $0.043 | OrdinaryDividend |
Oct 26, 2017 | $0.045 | OrdinaryDividend |
Sep 26, 2017 | $0.046 | OrdinaryDividend |
Aug 28, 2017 | $0.037 | OrdinaryDividend |
Jul 26, 2017 | $0.040 | OrdinaryDividend |
Jun 27, 2017 | $0.044 | OrdinaryDividend |
May 25, 2017 | $0.044 | OrdinaryDividend |
Apr 25, 2017 | $0.044 | OrdinaryDividend |
Mar 28, 2017 | $0.045 | OrdinaryDividend |
Feb 23, 2017 | $0.044 | OrdinaryDividend |
Jan 26, 2017 | $0.043 | OrdinaryDividend |
Dec 28, 2016 | $0.042 | OrdinaryDividend |
Nov 30, 2016 | $0.050 | OrdinaryDividend |
Oct 31, 2016 | $0.048 | OrdinaryDividend |
Sep 30, 2016 | $0.030 | OrdinaryDividend |
Aug 31, 2016 | $0.032 | OrdinaryDividend |
Jul 29, 2016 | $0.042 | OrdinaryDividend |
Jun 30, 2016 | $0.040 | OrdinaryDividend |
May 31, 2016 | $0.042 | OrdinaryDividend |
Apr 29, 2016 | $0.041 | OrdinaryDividend |
Mar 31, 2016 | $0.043 | OrdinaryDividend |
Feb 29, 2016 | $0.044 | OrdinaryDividend |
Jan 29, 2016 | $0.043 | OrdinaryDividend |
Dec 28, 2015 | $0.080 | OrdinaryDividend |
Nov 30, 2015 | $0.043 | OrdinaryDividend |
Oct 30, 2015 | $0.041 | OrdinaryDividend |
Sep 30, 2015 | $0.039 | OrdinaryDividend |
Aug 31, 2015 | $0.043 | OrdinaryDividend |
Jul 31, 2015 | $0.044 | OrdinaryDividend |
Jun 30, 2015 | $0.046 | OrdinaryDividend |
May 29, 2015 | $0.044 | OrdinaryDividend |
Apr 30, 2015 | $0.044 | OrdinaryDividend |
Mar 31, 2015 | $0.044 | OrdinaryDividend |
Feb 27, 2015 | $0.047 | OrdinaryDividend |
Jan 30, 2015 | $0.050 | OrdinaryDividend |
Dec 29, 2014 | $0.058 | OrdinaryDividend |
Nov 26, 2014 | $0.057 | OrdinaryDividend |
Oct 31, 2014 | $0.051 | OrdinaryDividend |
Sep 30, 2014 | $0.048 | OrdinaryDividend |
Aug 29, 2014 | $0.045 | OrdinaryDividend |
Jul 31, 2014 | $0.046 | OrdinaryDividend |
Jun 30, 2014 | $0.031 | OrdinaryDividend |
May 30, 2014 | $0.045 | OrdinaryDividend |
Apr 30, 2014 | $0.023 | OrdinaryDividend |
PCSFX - Fund Manager Analysis
Managers
Manu Krishnan
Start Date
Tenure
Tenure Rank
Mar 14, 2014
8.22
8.2%
Manu Krishnan joined Spectrum in 2004. Mr. Krishnan earned a B.S. in Mechanical Engineering from the College of Engineering, Osmania University, India, an M.S. in Mechanical Engineering from the University of Delaware, and an M.B.A. in Finance from Cornell University. Mr. Krishnan has earned the right to use the Chartered Financial Analyst designation.
Fernando Diaz
Start Date
Tenure
Tenure Rank
Mar 14, 2014
8.22
8.2%
Prior to joining Spectrum in 2000, Mr. Diaz was head of preferred trading at 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 Lieb
Start Date
Tenure
Tenure Rank
Mar 14, 2014
8.22
8.2%
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.
Roberto Giangregorio
Start Date
Tenure
Tenure Rank
Mar 14, 2014
8.22
8.2%
Mr. Giangregorio joined Spectrum in 2003. Previously, he 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. Mr. Giangregorio holds a BS (Mechanical Engineering) from S.U.N.Y. at Stony Brook, a MS (Mechanical Engineering) from the University of Wisconsin-Madison and a MBA (Finance) with distinction from Cornell University.
L. Jacoby
Start Date
Tenure
Tenure Rank
Mar 14, 2014
8.22
8.2%
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.
Satomi Yarnell
Start Date
Tenure
Tenure Rank
Aug 02, 2021
0.83
0.8%
Satomi Yarnell joined Spectrum in 2015. Ms. Yarnell earned a M.A. in Economics from Waseda University. Ms. Yarnell has earned the right to use the Chartered Financial Analyst designation and is a Chartered Member of Security Analyst Association of Japan (CMA).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.8 | 11.42 |