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Principal GIF Preferred Securities Class I - Income (GBP)

Sell:635.00p Buy:635.00p Change: 1.00p (0.16%)
Prices as at 15 April 2021
Sell:635.00p
Buy:635.00p
Change: 1.00p (0.16%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 15 April 2021
Sell:635.00p
Buy:635.00p
Change: 1.00p (0.16%)
Prices as at 15 April 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

Our view on the sector

Our view on the sector for this fund is not available.

Performance Analysis

Performance analysis for this fund is not available.

Investment Philosophy

Investment philosophy for this fund is not available.

Process and Portfolio Construction

Process and portfolio construction for this fund are not available.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

16/04/16 to 16/04/17 16/04/17 to 16/04/18 16/04/18 to 16/04/19 16/04/19 to 16/04/20 16/04/20 to 16/04/21
Annual return 9.60% 3.41% 1.32% -1.68% 13.69%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

manager photo
Manager Name: L. Phillip Jacoby IV
Manager start date: 22 April 2003
Manager located in:

Mr. Jacoby joined Spectrum in 1995 as Portfolio Manager. Previously, Mr. Jacoby was a Senior Investment Officer at USL Capital Corporation (a subsidiary of Ford Motor Corporation) and was a co-manager of a the preferred stock portfolio of its US Corporate Financing Division for six years. Mr. Jacoby began his career in 1981 with The Northern Trust Company, Chicago and then moved to Los Angeles to join E.F. Hutton & Co. as a Vice President and Institutional Salesman, Generalist Fixed Income Sales through most of the 1980s. BSBA (Finance), Boston University School of Management.

manager photo
Manager Name: Mark Lieb
Manager start date: 22 April 2003
Manager located in: Stamford, USA

Mark is an executive director and chief financial officer for Spectrum Asset Management, an affiliate of Principal Global Investors. He is responsible for business development and client management. Prior to co-founding Spectrum in 1987, Mark was a founder, director, and partner of DBL Preferred Management, Inc., a wholly owned corporate cash management subsidiary of Drexel Burnham Lambert, Inc. He was instrumental in the formation and continual development of all aspects of DBL Preferred Management, Inc., including the daily management of preferred stock portfolios for institutional clients, general hedging strategies, and all marketing strategies employed by the firm. Mark's prior employment includes the development of the preferred stock trading desk at Mosley Hallgarten & Estabrook. He received an MBA in finance from the University of Hartford and a bachelor's degree in economics from Central Connecticut State College. Mark passed the FINRA Series 7, 3, and 63 examinations.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account