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You may save up to 50% or more on fund fees

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Buy funds at the lowest achievable fees than other platforms

Illustration of fees incurred for investments in the PIMCO GIS Income Fund (USD) across different platforms
Endowus clients are offered institutional share class funds, & at a much lower min investment amount.
*Based on Endowus Research, data as of 6 October 2025. This comparison is made between the institutional share class (IE00B8JDQ960) offered on Endowus, versus the retail share class (IE00B8K7V925) offered on other “zero fee” platform(s) and by private banks(s), and the retail share class (IE00BHR40X61) offered by retail bank(s). Our reference point for “zero fee” platforms is those that take embedded trailer fees and platform fees.

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About

Principal Asset Management

With public and private market capabilities across all asset classes, Principal Asset Management and its specialist investment teams apply local insights with global perspectives to deliver compelling investment opportunities aligned with client objectives.

Principal Asset Management is the global investment management business for Principal Financial Group® (Nasdaq: PFG), managing US$501.5 billion in assets as of 31 December 2022.

Why

Principal Asset Management

Spectrum Asset Management—a world-leading manager

Headquartered in Stamford, Connecticut, Spectrum Asset Management is a leading manager of preferred and capital securities, with over US$21.4 billion in assets under management as of 31 December 2022. Founded in 1987, Spectrum has been a wholly owned and independently run affiliate of Principal Global Investors, a member of the Principal Financial Group, since 2001.

Experienced, dedicated team

A team of 12 dedicated investment professionals, with 27 average years of industry experience, Spectrum is one of the largest specialised managers of preferred securities in the United States.

Expertise in capital structure analysis

  • Rebalancing the portfolio structure among the relative value choices within junior-subordinated capital securities
  • Tactical underweights and overweights between retail $25 par preferred securities and institutional structure of capital securities
  • Focused research and proprietary tools that supplement the portfolio management process

Diversification benefits across regions and issuers

The investment philosophy is one of a disciplined and conservative approach to managing credit, security structure, industry, and market sector diversification

ESG Integration in the credit process

  • Based on comprehensive credit experience, the team uses an ESG negative screening process to avoid the worst performing and controversial companies
  • ESG assessments are integrated in fundamentals-based credit analyses
  • ESG approach allows us to determine the severity of ESG issues, helping us avoid potential risk

Principal Asset Management SM is a trade name of Principal Global Investors, LLC.

Awards

Invest in top-rated funds at low cost

0% sales fees, 100% Cashback on trailer fees

No sales charges. No transaction fees. All trailer fees rebated. Only a low, all-in, transparent Endowus Fee.

Picked by experts, managed by experts

Every fund is carefully screened by the Endowus Investment Office for performance, cost, investment process, and more.

90+ top global fund managers

We partner with the world’s leading fund managers to bring their experience, performance, and expertise to your portfolios.