2 / 5 Stars
3 3 2 2 4
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 7 Preferred Stock Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 8.93 percent over the past year, 7.30 percent over the past three years, 12.67 percent over the past five years, and 5.58 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||8.9%|
|3 Years (Annualized)||7.3%|
|5 Years (Annualized)||12.7%|
|10 Years (Annualized)||5.6%|
The investment seeks to provide current income. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of each purchase. It concentrates its investments (invests more than 25% of its net assets) in securities in the U.S. and non-U.S. financial services (i.e., banking, insurance and commercial finance,) industry. The fund also regularly invests in the real estate investment trust (i.e. REIT) and utility industries.
Fees are High compared to funds in the same category.
Principal Preferred Securities Fund has an expense ratio of 1.81 percent.
Risk is Average compared to funds in the same category according to Morningstar.