Credit: Shutterstock photoPrincipal 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
