Principal Creates Web Site about Preferred Securities

Principal Funds is launching the Web site as a place for advisers to learn about the potential of investing with preferred securities. includes commentary from Spectrum Asset Management, one of the largest managers of preferred securities in the U.S. and subadviser of the Principal Preferred Securities Fund (PPSAX). Spectrum is an independent affiliate of Principal Global Investors and has $12.2 billion in assets under management.

Features of the site include:

  • Thought capital from Principal Funds and Spectrum that analyzes key influences on the preferred securities market
  • Interactive videos that detail opportunities within the preferred securities market and the Principal Preferred Securities Fund
  • Access to competitive analysis that allows users to compare preferred securities strategies
  • Investor-friendly sales tools to help financial professionals engage clients

The fund is included within broader asset allocation products from Principal Funds, including the target-date Principal LifeTime Funds and target-risk Principal Strategic Asset Management (SAM) Portfolios. Spectrum also subadvises the preferred securities sleeve of the Principal Global Diversified Income Fund. With $3.2 billion in assets, the Principal Preferred Securities Fund is the first and largest open-ended fund sold in the U.S. that focuses solely on preferred securities.