Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Principal Street High Income Mncpl A GSTFX
- NAV / 1-Day Return 7.29 / +0.02 %
- Total Assets 318.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.280%
- Distribution Fee Level High
- Share Class Type Front Load
- Category High Yield Muni
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 25,000
- Status Open
- TTM Yield 5.93%
- Effective Duration 7.83 years
USD | NAV as of Jun 01, 2024 | 1-Day Return as of Jun 01, 2024, 12:42 AM GMT+0
Morningstar’s Analysis GSTFX
Will GSTFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
Principal Street High Income Mncpl A's recent fee cut is n't enough to counter the impact of its decreased Process Pillar rating, resulting in a downgrade to this strategy's Morningstar Medalist Rating to Negative from Neutral.
Summary
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 27.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Sunland Medical Foundation | 3.74 | 10.0 Mil | Corporate |
PUBLIC FIN AUTH WIS SPL FAC REV 7.05% | 3.31 | 8.9 Mil | municipal |
PUBLIC FIN AUTH WIS HOSP REV 7.38% | 3.27 | 8.8 Mil | municipal |
FALMOUTH KY SOLID WASTE DISP FACS REV 8.5% | 3.05 | 8.1 Mil | municipal |
ANGELINA & NECHES RIV AUTH TEX INDL DEV CORP SOLID WASTE DISP & WASTEWATER | 3.01 | 8.0 Mil | municipal |
Sunland Medical Foundation | 2.92 | 7.8 Mil | Cash and Equivalents |
CAPITAL TR AGY FLA REV 10% | 2.82 | 7.6 Mil | municipal |
ATOKA OKLA INDL DEV AUTH SOLID WASTE DISP FACS REV 8% | 2.58 | 6.9 Mil | municipal |
PORT BEAUMONT TEX NAV DIST DOCK & WHARF FAC REV 8% | 2.57 | 6.9 Mil | municipal |
ERIE CNTY N Y TOB ASSET SECURITIZATION CORP TOB SETTLEMENT REV 0% | 2.52 | 6.7 Mil | municipal |