Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX)
The investment seeks to provide current income. The fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in preferred securities and capital securities at the time of purchase. Preferred securities typically include preferred stock and various types of junior subordinated debt and trust preferred securities. It concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries (i.e., banking, insurance and commercial finance) within the financial services sector.
Fund Info
| ISIN | US74253Q4165 |
|---|---|
| CUSIP | 74253Q416 |
| Issuer | Principal |
| Inception Date | Apr 30, 2002 |
| Category | Preferred Stock/Convertible Bonds |
| Min. Investment | $0 |
| Asset Class | Equity |
Expense Ratio
PPSIX features an expense ratio of 0.79%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PPSIX vs. FPE
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Spectrum Preferred and Capital Securities Income 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 Spectrum Preferred and Capital Securities Income Fund had a return of 9.10% year-to-date (YTD) and 14.04% in the last 12 months. Over the past 10 years, Principal Spectrum Preferred and Capital Securities Income Fund had an annualized return of 4.38%, while the S&P 500 had an annualized return of 10.92%, indicating that Principal Spectrum Preferred and Capital Securities Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.10% | 17.95% |
| 1 month | 2.07% | 3.13% |
| 6 months | 6.06% | 9.95% |
| 1 year | 14.04% | 24.88% |
| 5 years (annualized) | 3.09% | 13.37% |
| 10 years (annualized) | 4.38% | 10.92% |
Monthly Returns
The table below presents the monthly returns of PPSIX, 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 | 1.89% | 0.41% | 1.42% | -0.91% | 1.54% | 0.75% | 1.19% | 1.64% | 9.10% | ||||
| 2023 | 5.00% | -1.35% | -5.48% | 1.24% | -0.17% | 0.89% | 2.18% | -0.38% | -0.64% | -1.70% | 4.28% | 2.86% | 6.46% |
| 2022 | -1.69% | -2.75% | -0.66% | -2.93% | -0.77% | -3.90% | 4.49% | -1.65% | -4.13% | -0.02% | 2.31% | 0.83% | -10.67% |
| 2021 | -0.06% | -0.25% | 0.34% | 1.30% | 0.44% | 0.91% | 0.43% | 0.43% | 0.00% | -0.34% | -1.02% | 0.83% | 3.03% |
| 2020 | 1.32% | -1.27% | -12.27% | 7.06% | 1.95% | 0.90% | 3.14% | 1.83% | -0.49% | 0.39% | 2.87% | 1.11% | 5.47% |
| 2019 | 3.94% | 1.34% | 1.03% | 1.44% | 0.12% | 1.94% | 1.29% | 0.90% | 0.77% | 1.26% | 0.53% | 0.83% | 16.45% |
| 2018 | -0.47% | -0.37% | -0.28% | -0.36% | -0.47% | 0.12% | 0.72% | 0.52% | -0.35% | -0.94% | -1.54% | -1.20% | -4.54% |
| 2017 | 1.93% | 1.60% | 0.50% | 1.52% | 1.10% | 1.07% | 0.88% | 0.27% | 0.31% | 0.69% | 0.01% | 0.16% | 10.51% |
| 2016 | -0.37% | -1.47% | 1.85% | 0.92% | 1.18% | 0.39% | 1.77% | 0.96% | -0.19% | 0.31% | -2.11% | 0.51% | 3.72% |
| 2015 | 1.61% | 0.80% | 0.81% | 0.23% | -0.33% | -0.92% | 1.09% | -0.19% | -0.16% | 1.60% | 0.21% | 0.21% | 5.04% |
| 2014 | 1.91% | 1.96% | 1.33% | 1.79% | 1.47% | 0.68% | 0.02% | 1.07% | -0.79% | 0.96% | 0.86% | -0.25% | 11.54% |
| 2013 | 1.13% | 0.82% | 0.91% | 1.35% | -0.17% | -2.79% | 0.24% | -1.49% | 0.22% | 1.72% | 0.33% | -0.41% | 1.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PPSIX is 89, placing it in the top 11% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Spectrum Preferred and Capital Securities Income Fund (PPSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal Spectrum Preferred and Capital Securities Income Fund granted a 5.17% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.47 | $0.48 | $0.45 | $0.47 | $0.51 | $0.54 | $0.52 | $0.58 | $0.62 | $0.73 | $0.85 |
Dividend yield | 5.17% | 5.33% | 5.54% | 4.39% | 4.44% | 4.87% | 5.79% | 5.04% | 5.86% | 6.09% | 7.11% | 8.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Spectrum Preferred and Capital Securities Income 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.30 | |||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.47 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.48 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.45 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.51 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.07 | $0.54 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.52 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.13 | $0.58 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.14 | $0.62 |
| 2014 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.23 | $0.73 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.33 | $0.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Spectrum Preferred and Capital Securities Income 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 Spectrum Preferred and Capital Securities Income Fund was 52.01%, occurring on Mar 9, 2009. Recovery took 161 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.01% | May 11, 2007 | 458 | Mar 9, 2009 | 161 | Oct 26, 2009 | 619 |
| -22.82% | Feb 24, 2020 | 21 | Mar 23, 2020 | 159 | Nov 5, 2020 | 180 |
| -17.37% | Sep 24, 2021 | 373 | Mar 20, 2023 | 332 | Jul 16, 2024 | 705 |
| -9.55% | Apr 2, 2004 | 26 | May 10, 2004 | 133 | Nov 17, 2004 | 159 |
| -9.17% | May 31, 2011 | 90 | Oct 5, 2011 | 86 | Feb 8, 2012 | 176 |
Volatility
Volatility Chart
The current Principal Spectrum Preferred and Capital Securities Income Fund volatility is 0.35%, 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.