Principal Capital Securities Fund (PCSFX)
The investment seeks to provide current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in capital securities at the time of purchase. It may invest up to 100% of its assets in below investment grade (sometimes called "junk") preferred securities which are rated at the time of purchase Ba1 or lower by Moody's and BB+ or lower by S&P Global, provided that the issuer of such below investment grade preferred securities has senior debt outstanding that is rated at the time of purchase BBB- or higher by S&P Global or Baa3 or higher by Moody's.
Fund Info
| ISIN | US7425372023 |
|---|---|
| Issuer | Principal |
| Inception Date | Mar 13, 2014 |
| Category | Preferred Stock/Convertible Bonds |
| Min. Investment | $0 |
| Asset Class | Equity |
Expense Ratio
PCSFX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Capital Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Principal Capital Securities Fund had a return of 5.47% year-to-date (YTD) and 17.34% in the last 12 months. Over the past 10 years, Principal Capital Securities Fund had an annualized return of 4.60%, while the S&P 500 had an annualized return of 10.97%, indicating that Principal Capital Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.47% | 11.29% |
| 1 month | 1.98% | 4.87% |
| 6 months | 10.20% | 17.88% |
| 1 year | 17.34% | 29.16% |
| 5 years (annualized) | 3.92% | 13.20% |
| 10 years (annualized) | 4.60% | 10.97% |
Monthly Returns
The table below presents the monthly returns of PCSFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.23% | 0.53% | 1.63% | -0.66% | 5.47% | ||||||||
| 2023 | 5.42% | -1.40% | -6.49% | 1.27% | -0.37% | 1.16% | 2.44% | -0.48% | -0.58% | -1.63% | 4.46% | 3.38% | 6.82% |
| 2022 | -1.75% | -2.76% | -0.83% | -2.88% | -1.38% | -4.18% | 4.79% | -1.10% | -5.01% | 0.01% | 2.21% | 1.31% | -11.35% |
| 2021 | 0.17% | -0.02% | 0.08% | 1.41% | 0.36% | 0.89% | 0.70% | 0.51% | -0.03% | -0.39% | -0.91% | 0.94% | 3.74% |
| 2020 | 1.45% | -0.96% | -13.12% | 8.28% | 2.09% | 1.44% | 3.33% | 1.97% | -0.43% | 0.65% | 3.01% | 1.15% | 7.71% |
| 2019 | 3.45% | 1.51% | 1.07% | 1.79% | 0.05% | 2.06% | 1.22% | 0.94% | 0.94% | 1.57% | 0.60% | 0.99% | 17.41% |
| 2018 | 0.25% | -0.82% | -0.65% | 0.06% | -0.95% | -0.27% | 1.03% | 0.58% | -0.14% | -1.03% | -1.54% | -1.18% | -4.60% |
| 2017 | 1.87% | 1.75% | 0.45% | 1.53% | 1.52% | 1.11% | 0.96% | 0.16% | 0.44% | 1.01% | -0.16% | 0.38% | 11.57% |
| 2016 | -0.58% | -2.55% | 2.38% | 1.06% | 1.27% | 0.00% | 2.51% | 1.65% | 0.00% | 0.89% | -1.70% | 0.74% | 5.68% |
| 2015 | 1.10% | 0.97% | 0.53% | 0.63% | 0.04% | -0.84% | 0.65% | -0.37% | -0.22% | 1.24% | 0.23% | -0.30% | 3.70% |
| 2014 | 0.00% | 0.43% | 1.35% | 0.60% | -0.04% | 0.75% | -0.81% | 0.81% | 0.67% | -0.07% | 3.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PCSFX is 91, placing it in the top 9% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PCSFX (Principal Capital Securities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Capital Securities Fund (PCSFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal Capital Securities Fund granted a 5.54% dividend yield in the last twelve months. The annual payout for that period amounted to $0.51 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.51 | $0.50 | $0.48 | $0.52 | $0.56 | $0.57 | $0.53 | $0.50 | $0.56 | $0.41 |
Dividend yield | 5.54% | 5.76% | 5.68% | 4.57% | 4.88% | 5.43% | 6.08% | 5.14% | 5.08% | 5.78% | 4.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Capital Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.15 | |||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.51 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.50 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.05 | $0.05 | $0.04 | $0.05 | $0.48 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.52 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.56 |
| 2018 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.08 | $0.57 |
| 2017 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.06 | $0.53 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.05 | $0.05 | $0.04 | $0.50 |
| 2015 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.56 |
| 2014 | $0.02 | $0.05 | $0.03 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Capital Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal Capital Securities Fund was 22.42%, occurring on Mar 23, 2020. Recovery took 106 trading sessions.
The current Principal Capital Securities Fund drawdown is 0.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.42% | Feb 24, 2020 | 21 | Mar 23, 2020 | 106 | Aug 21, 2020 | 127 |
| -18.67% | Sep 24, 2021 | 373 | Mar 20, 2023 | — | — | — |
| -5.13% | Jan 29, 2018 | 231 | Dec 27, 2018 | 50 | Mar 12, 2019 | 281 |
| -4.88% | Dec 2, 2015 | 50 | Feb 12, 2016 | 61 | May 11, 2016 | 111 |
| -1.91% | Nov 2, 2016 | 22 | Dec 2, 2016 | 29 | Jan 17, 2017 | 51 |
Volatility
Volatility Chart
The current Principal Capital Securities Fund volatility is 0.98%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.