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Investment Type: pifretail

Principal Spectrum Preferred and Capital Sec Income (C) Fd (PRFCX)

Portfolio Composition

  as of 02/29/2024
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Asset Type Net Short Long Preferred 50.48% 0.0%   50.48%   Non-U.S. Bonds 39.52% 0.0%   39.52%   U.S. Bonds 16.51% 3.36%   19.87%   Convertibles 2.9% 0.0%   2.9%   Other 0.01% 0.0%   0.01%   Cash -9.41% 10.42%   1.01%   Total 100.01%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets Future on 2 Year Treasury Note 13.18 Ultra 10 Year US Treasury Note Future June 24 3.36 JPMorgan Chase & Co. 3.65% 2.16 Dominion Energy Inc 4.65% 2.01 Wells Fargo & Co. 3.9% 1.61 The Charles Schwab Corporation 4% 1.58 Intesa Sanpaolo S.p.A. 7.7% 1.57 JPMorgan Chase & Co DR 1.54 Truist Financial Corp. 4.8% 1.51 HSBC Capital Funding Dollar I L.P. 10.176% 1.47 Total*: 29.98 *Values may exceed 100% if both long and short positions are included in the portfolio View Full Portfolio Holdings	Morningstar Style Box™   as of 02/29/2024    What's this?
Credit Analysis   as of 02/29/2024    What's this? % Bonds AAA 3.39 A 2.78 BBB 43.37 BB 48.20 Below B 0.01 Not Rated 2.25	Statistics   as of 02/29/2024 Average Eff Duration (yrs): 3.35 Average Eff Maturity (yrs): Avg Weighted Coupon: 6.72 Avg Weighted Price: $98.94 30-Day SEC Yield - Subsidized (Net) as of 03/31/2024: 4.25% 30-Day SEC Yield - Non-Subsidized (Gross) as of 03/31/2024: 4.25%
Analysis   as of 02/29/2024 Turnover Ratio: 16.50% # Stock Holdings: 0 # Bond Holdings: 139 # Other Holdings: 176 Total # of Holdings: 315

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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. The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences. 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.