Principal is adding depth to its fixed-income team. The firm announced the appointment of fixed-income veteran Michael Goosay as managing director of global fixed income effective Aug. 7, 2023. In this role, he will oversee the firm’s core, core plus, multisector, and short-term income portfolios and comanage Principal Core Fixed Income PIOIX and Principal Short-Term Income PSHIX alongside the current managers.
Principal Short-Term Income J PSJIX
- NAV / 1-Day Return 11.77 / −0.16 %
- Total Assets 2.9 Bil
-
Adj. Expense Ratio
0.620%
- Expense Ratio 0.620%
- Distribution Fee Level Low
- Share Class Type Retirement, Medium
- Category Short-Term Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 3.10%
- Effective Duration 2.00 years
USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:16 AM GMT+0
Morningstar’s Analysis PSJIX
Will PSJIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 17.8
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Future on 5 Year Treasury Note | 7.77 | 217.4 Mil | Government |
Principal Government Money Market R-6 | 3.39 | 94.9 Mil | — |
United States Treasury Notes | 1.24 | 34.7 Mil | Government |
CF HIPPOLYTA ISSUER LLC | 0.97 | 27.0 Mil | Securitized |
United States Treasury Notes | 0.88 | 24.6 Mil | Government |
Bank of America Corp. 4.2% | 0.87 | 24.3 Mil | Corporate |
Trafigura Securitisation Finance PLC | 0.84 | 23.4 Mil | Securitized |
Oaktree Clo 2019-4 Ltd/Oaktree Clo 2019-4 Llc | 0.72 | 20.2 Mil | Securitized |
HCA Inc. 5.25% | 0.72 | 20.1 Mil | Corporate |
ONEMAIN DIRECT AUTO RECEIVABLES TRUST | 0.71 | 19.8 Mil | Securitized |