Principal Funds, Inc. - Spectrum Preferred and Capital Securities Income Fund Class R-1 (PUSAX)

The Principal Funds, Inc. - Spectrum Preferred and Capital Securities Income Fund Class R-1 (PUSAX) is a mutual fund that focuses on generating income through a combination of preferred and capital securities. This fund is managed by Principal Funds, Inc. and is classified as Class R-1, indicating it is designed for retail investors. PUSAX aims to provide investors with a steady stream of income while also seeking capital appreciation. It may invest in a variety of preferred and capital securities, including corporate bonds, convertible securities, and preferred stocks. This fund may be suitable for investors looking for a balanced approach to income and growth.