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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.44

$8.51 B

4.48%

$0.47

0.96%

Vitals

YTD Return

0.2%

1 yr return

7.9%

3 Yr Avg Return

6.8%

5 Yr Avg Return

5.6%

Net Assets

$8.51 B

Holdings in Top 10

15.6%

52 WEEK LOW AND HIGH

$10.4
$10.11
$10.56

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.10%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Preferred Stock


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.44

$8.51 B

4.48%

$0.47

0.96%

PPARX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 6.8%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.29%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Spectrum Preferred and Capital Securities Income Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Jun 01, 2004
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    L. Jacoby

Fund Description

The fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in preferred securities and capital securities at the time of purchase. Preferred securities typically include preferred stock and various types of junior subordinated debt and trust preferred securities. It concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries (i.e., banking, insurance and commercial finance) within the financial services sector.


PPARX - Performance

Return Ranking - Trailing

Period PPARX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -11.6% 14.7% 50.89%
1 Yr 7.9% -1.3% 41.2% 78.22%
3 Yr 6.8%* 0.4% 11.9% 64.94%
5 Yr 5.6%* 1.2% 9.6% 57.97%
10 Yr 7.1%* 6.1% 11.7% 67.39%

* Annualized

Return Ranking - Calendar

Period PPARX Return Category Return Low Category Return High Rank in Category (%)
2020 0.7% -79.5% 4.8% 47.73%
2019 10.7% 6.4% 20.1% 76.32%
2018 -9.7% -15.2% -5.7% 28.57%
2017 5.1% -7.3% 8.8% 57.81%
2016 -2.1% -6.1% 6.5% 82.26%

Total Return Ranking - Trailing

Period PPARX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -11.6% 14.5% 51.79%
1 Yr 7.9% -4.0% 41.2% 54.84%
3 Yr 6.8%* -0.7% 11.9% 45.87%
5 Yr 5.6%* -2.3% 9.6% 42.11%
10 Yr 7.1%* 3.0% 11.7% 47.54%

* Annualized

Total Return Ranking - Calendar

Period PPARX Return Category Return Low Category Return High Rank in Category (%)
2020 0.7% -24.8% 4.8% 48.86%
2019 10.7% 6.4% 20.1% 76.32%
2018 -9.7% -14.9% -1.8% 52.86%
2017 5.1% -5.0% 11.9% 70.31%
2016 -2.1% -6.1% 20.1% 82.26%

NAV & Total Return History


PPARX - Holdings

Concentration Analysis

PPARX Category Low Category High PPARX % Rank
Net Assets 8.51 B 7.56 M 20.2 B 11.90%
Number of Holdings 371 27 509 3.10%
Net Assets in Top 10 1.32 B 2.06 K 2.97 B 7.75%
Weighting of Top 10 15.56% 13.0% 49.5% 81.40%

Top 10 Holdings

  1. Principal Government Money Market Instl 2.34%
  2. JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S- 2.15%
  3. 10 Year Treasury Note Future Dec 20 1.87%
  4. 10 Year Treasury Note Future Dec 20 1.87%
  5. 10 Year Treasury Note Future Dec 20 1.87%
  6. 10 Year Treasury Note Future Dec 20 1.87%
  7. 10 Year Treasury Note Future Dec 20 1.87%
  8. 10 Year Treasury Note Future Dec 20 1.87%
  9. 10 Year Treasury Note Future Dec 20 1.87%
  10. 10 Year Treasury Note Future Dec 20 1.87%

Asset Allocation

Weighting Return Low Return High PPARX % Rank
Bonds
56.59% 0.00% 83.66% 16.28%
Convertible Bonds
22.90% 0.00% 32.30% 20.16%
Preferred Stocks
17.97% 2.25% 116.39% 81.40%
Cash
2.51% -28.82% 7.12% 17.83%
Stocks
0.03% 0.00% 57.28% 34.88%
Other
0.00% 0.00% 15.04% 54.26%

Stock Sector Breakdown

Weighting Return Low Return High PPARX % Rank
Utilities
82.43% 0.00% 100.00% 29.41%
Industrials
9.87% 0.00% 20.10% 11.76%
Basic Materials
3.63% 0.00% 4.24% 7.84%
Healthcare
3.41% 0.00% 11.13% 13.73%
Real Estate
0.66% 0.00% 100.00% 25.49%
Technology
0.00% 0.00% 0.00% 23.53%
Financial Services
0.00% 0.00% 100.00% 49.02%
Energy
0.00% 0.00% 39.40% 33.33%
Communication Services
0.00% 0.00% 60.60% 33.33%
Consumer Defense
0.00% 0.00% 1.65% 23.53%
Consumer Cyclical
0.00% 0.00% 0.00% 23.53%

Stock Geographic Breakdown

Weighting Return Low Return High PPARX % Rank
US
0.03% 0.00% 52.19% 28.68%
Non US
0.00% 0.00% 5.09% 44.19%

Bond Sector Breakdown

Weighting Return Low Return High PPARX % Rank
Corporate
97.34% 60.45% 100.00% 72.87%
Cash & Equivalents
2.51% 0.00% 9.80% 20.93%
Government
0.15% 0.00% 21.19% 34.88%
Derivative
0.00% 0.00% 12.39% 39.53%
Securitized
0.00% 0.00% 0.02% 30.23%
Municipal
0.00% 0.00% 0.00% 30.23%

Bond Geographic Breakdown

Weighting Return Low Return High PPARX % Rank
US
38.16% 0.00% 63.97% 24.03%
Non US
18.43% 0.00% 22.30% 6.20%

PPARX - Expenses

Operational Fees

PPARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 2.80% 32.20%
Management Fee 0.69% 0.00% 1.21% 45.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% 4.17%

Sales Fees

PPARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

PPARX 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.

PPARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.10% 12.00% 166.00% 15.19%

PPARX - Distributions

Dividend Yield Analysis

PPARX Category Low Category High PPARX % Rank
Dividend Yield 4.48% 0.00% 5.29% 47.29%

Dividend Distribution Analysis

PPARX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PPARX Category Low Category High PPARX % Rank
Net Income Ratio 4.29% 1.70% 7.54% 56.10%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PPARX - Fund Manager Analysis

Managers

L. Jacoby


Start Date

Tenure

Tenure Rank

May 01, 2002

19.43

19.4%

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.

Mark Lieb


Start Date

Tenure

Tenure Rank

Jul 01, 2009

12.26

12.3%

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

Dec 31, 2010

10.76

10.8%

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.

Fernando Diaz


Start Date

Tenure

Tenure Rank

Dec 31, 2010

10.76

10.8%

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.

Manu Krishnan


Start Date

Tenure

Tenure Rank

Dec 31, 2010

10.76

10.8%

Kevin Nugent


Start Date

Tenure

Tenure Rank

Dec 01, 2014

6.84

6.8%

Kevin Nugent joined Spectrum in 2012. Previously, Mr. Nugent had 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.

Satomi Yarnell


Start Date

Tenure

Tenure Rank

Aug 02, 2021

0.16

0.2%

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
0.16 29.65 7.28 10.76