Principal Preferred Securities R2
Principal Funds Inc Principal Financial Group 711 High St Des Moines, IA 50392
Phone: 800-547-7754
| Category: | Intermediate-Term Bond | | Fund Family: | Principal Funds | | Net Assets: | 1.16M | | Year-to-Date Return: | 1.64% | | Yield: | 6.13% | | Morningstar Rating: |  | | Fund Inception Date: | 01-Jun-04 |
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L. Phillip Jacoby IV
Lead Manager since
01-May-02 | | | Jacoby is Sr. vice president and portfolio manager for Spectrum and chairman of Spectrum's Investment Committee. Prior to joining Spectrum in 1995, he was a senior investment officer as USL Capital Corporation, a subsidiary of Ford Motor Corporate, and co-managed a $600 million preferred stock portfolio. |
| Min Initial Investment: | $0 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | NaN | | Min Subsequent Investment: | NaN | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks to provide current income. The fund invests primarily in preferred securities of U.S. companies rated BBB or higher by Standard & Poor's Rating Service ("S&P") or Moody's Investor Service, Inc. ("Moody's") or, if unrated, of comparable quality in the opinion of the Sub-Advisor, Spectrum. It normally invests at least 80% of net assets (plus any borrowings for investment purposes) in preferred securities. The fund focuses primarily on the financial services, Real Estate Investment Trust and utility industries. It is nondiversified. |
| Last Dividend
(29-Jan-10):
| 0.05 | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 26.20% | | Average for Category:
| 231.70% |
|
| Expense | PPRSX | Category
Avg | | Total Expense Ratio: | 1.49%
| 0.95% | | Max 12b1 Fee: | 0.30%
| N/A | | Max Front End Sales Load: | %
| 4.18% | | Max Deferred Sales Load: | %
| 2.66% | | 3 Yr Expense Projection*: |
$471 | $454 | | 5 Yr Expense Projection*: |
$813 | $711 | | 10 Yr Expense Projection*: |
$1,779 | $1,437 |
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|
0.01 (0.11%)
