Principal Preferred Securities A ( PPSAX ) a Zacks Ranked #1 (Strong Buy) was incepted in June 2005. PPSAX seeks current income. PPSAX invests a lion's share of its assets in preferred securities. PPSAX invests a minimum of one-fourth of its assets in securities of companies related to financial services. PPSAX invests in securities throughout the globe. PPSAX also allocates a significant share of its assets in securities from utility sector and real estate investment trusts (REITs).
Principal Preferred Securities A, managed by Principal Financial , carries an expense ratio of 1.05. Moreover, PPSAX requires a minimal initial investment of $1,000.
PPSAX has a history of positive total returns for over 5 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 3.24%, 3 year 6.04% and 5 year 7.11%. To see how this fund performed compared in its category, please click here .
PPSAX's performance, as of the last filing, when compared to funds in its category was in the top 1% in 1 year, top 1% over the past 3 years, and in the 1% over the past 5 years.
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