Principal Funds, Inc. - Spectrum Preferred and Capital Securities Income Fund Institutional Class (PPSIX)

PPSIX is a mutual fund offered by Principal Funds, Inc. that focuses on generating income through a combination of preferred and capital securities. It is designed for institutional investors and aims to provide a diversified portfolio with a focus on income generation. The fund may invest in a variety of securities, including preferred stocks, convertible securities, and debt securities. PPSIX seeks to provide a steady stream of income while also maintaining a level of capital appreciation.