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Investment Type: pifretail

Principal Spectrum Preferred and Capital Sec Income (J) Fd (PPSJX)






Class A | Class C | Class J | Class I

Portfolio Composition

  as of 10/31/2021
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Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 37.07% 2.0%   39.07%  
Convertibles 23.63% 0.0%   23.63%  
Non-U.S. Bonds 18.76% 0.0%   18.76%  
Preferred 17.5% 0.0%   17.5%  
Cash 3.03% 0.02%   3.05%  
U.S. Stocks 0.02% 0.0%   0.02%  
Total100.01%


Top 10 Holdings

  as of 10/31/2021
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% of Net Assets
JPMorgan Chase & Co Deposit Shs Repr 1/10th Non-Cum Perp Pfd Shs Series -S- 2.17
10 Year Treasury Note Future Dec 21 2.00
JPMorgan Chase & Co. 1.65
Dominion Energy Inc 1.55
The Charles Schwab Corporation 1.41
HSBC Capital Funding Dollar I L.P. 1.38
Bank of America Corporation 1.29
Liberty Mut Grp 144A FRN 1.29
Truist Financial Corporation 1.23
Duke Energy Corp 1.21
Total*: 15.17
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 10/31/2021
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Investment Style
Stylebox Market Capitalization

Credit Analysis

  as of 10/31/2021
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% Bonds
AAA 1.37
A 4.19
BBB 48.90
BB 42.33
B 2.90
Not Rated 0.32

Statistics

 
as of 10/31/2021
Average Eff Duration (yrs): 4.08
Average Eff Maturity (yrs):
Avg Weighted Coupon:
Avg Weighted Price: $113.20
30-Day SEC Yield - Subsidized (Net)
as of 10/31/2021:
2.30%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 10/31/2021:
2.28%

Analysis

  as of 10/31/2021
Turnover Ratio: 21.60%
0
179
193
372





Morningstar
2021 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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.

The full name of this investment option is Principal Spectrum Preferred and Capital Sec Income (J) Fd.

Investors should carefully consider a 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 principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

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.

These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

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.