Principal Global Investors Funds - Preferred Securities Fund I Inc USD
ISIN IE00B96S2C60 / Valor 20588609
Principal Global Investors Funds - Preferred Securities Fund I Inc USD
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The Principal Preferred Securities Fund invests in a diversified array of preferred securities issued by senior financial institutions. Its portfolio includes junior-subordinated capital instruments such as contingent convertible (CoCo) bonds and non-convertible preferred shares (NoCos). The fund targets securities that offer attractive yields, many of which are callable, providing opportunities for higher income. By focusing on preferreds that are currently undervalued compared to their historical standards, the fund aims to take advantage of yield differentials and market inefficiencies within the preferred securities market.
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