Principal Preferred Securities C
Principal Financial Group 711 High St Des Moines IA 50392
Map
Phone: 800-222-5852
| Category: | Intermediate-Term Bond | | Fund Family: | Principal Funds | | Net Assets: | 419.49M | | Year-to-Date Return: | 38.52% | | Yield: | 6.01% | | Morningstar Rating: |  | | Fund Inception Date: | 16-Jan-07 |
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Bernard M. Sussman
Lead Manager since
01-May-02 | | | Sussman is chief investment officer of Spectrum and chair of its Investment Committee. Prior to joining Spectrum in 1995, he was a general partner and head of the Preferred Stock area of Goldman Sachs & Co. Sussman was responsible for sales, trading and underwriting for all preferred products and was instrumental in the development of the hybrid (MIPS) market. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | $100 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | $100 |
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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
(30-Sep-09):
| 0.04 | | Last Cap Gain
| YFT_NOT_APPLICABLE_ABBREVIATION | | Annual Holdings Turnover
| YFT_NOT_APPLICABLE_ABBREVIATION | | Average for Category:
| 217.63% |
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| Expense | PRFCX | Category
Avg | | Total Expense Ratio: | 1.75%
| 0.96% | | Max 12b1 Fee: | 1.00%
| N/A | | Max Front End Sales Load: | %
| 4.18% | | Max Deferred Sales Load: | 1.00%
| 2.66% | | 3 Yr Expense Projection*: |
$ 582 | $459 | | 5 Yr Expense Projection*: |
$ 1,014 | $706 | | 10 Yr Expense Projection*: |
$ 2,218 | $1,423 |
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