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Investment Type: pif

Principal Spectrum Preferred and Capital Sec Income Inst Fd (PPSIX)







Portfolio Composition

  as of 09/30/2021
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Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 36.75% 1.22%   37.97%  
Convertibles 22.92% 0.0%   22.92%  
Non-U.S. Bonds 18.67% 0.0%   18.67%  
Preferred 17.63% 0.0%   17.63%  
Cash 4.02% 0.0%   4.02%  
U.S. Stocks 0.02% 0.0%   0.02%  
Total100.01%


Top 10 Holdings

  as of 09/30/2021
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% of Net Assets
Principal Government Money Market Instl 2.74
JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S- 2.14
JPMorgan Chase & Co. 1.63
Dominion Energy Inc 1.54
The Charles Schwab Corporation 1.40
HSBC Capital Funding Dollar I L.P. 1.37
Bank of America Corporation 1.32
Truist Financial Corporation 1.23
10 Year Treasury Note Future Dec 21 1.22
Liberty Mut Grp 144A FRN 1.21
Total*: 15.79
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 09/30/2021
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Investment Style
Stylebox Market Capitalization

Credit Analysis

  as of 09/30/2021
   What's this?

% Bonds
AAA 3.17
A 4.16
BBB 48.21
BB 41.17
B 2.89
Not Rated 0.41

Statistics

 
as of 09/30/2021
Average Eff Duration (yrs): 4.08
Average Eff Maturity (yrs):
Avg Weighted Coupon:
Avg Weighted Price: $114.31
30-Day SEC Yield - Subsidized (Net)
as of 10/31/2021:
2.50%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 10/31/2021:
2.50%

Analysis

  as of 09/30/2021
Turnover Ratio: 18.10%
0
177
197
374





Morningstar
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Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths.

The full name of this investment option is Principal Funds, Inc. - Principal Spectrum Preferred and Capital Sec Income Inst Fd.

Investors should carefully consider a mutual fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

ICE BofA U.S. All Capital Securities Index represents the all capital securities market.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Risks of preferred securities differ from risks inherent in other investments. In particular, in a bankruptcy preferred securities are senior to common stock but subordinate to other corporate debt. Contingent capital securities (CoCos) may have substantially greater risk than other securities in times of financial stress. An issuer or regulators decision to write down, write off or convert a CoCo may result in complete loss on an investment.