Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Principal Street Short Term Muncpl Instl PSTYX
- NAV / 1-Day Return 4.23 / +0.01 %
- Total Assets 50.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.710%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Muni National Short
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1.0 Mil
- Status Open
- TTM Yield 3.81%
- Effective Duration 2.05 years
USD | NAV as of May 21, 2024 | 1-Day Return as of May 21, 2024, 12:39 AM GMT+0
Morningstar’s Analysis PSTYX
Will PSTYX 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 30.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
SWEETWATER CALIF UN HIGH SCH DIST PUB FING AUTH REV 5% | 4.46 | 2.1 Mil | municipal |
PENNSYLVANIA ST 5% | 4.37 | 2.0 Mil | municipal |
METROPOLITAN PIER & EXPOSITION AUTH ILL HOSPITALITY FACS REV 7% | 3.81 | 1.8 Mil | municipal |
MIAMI-DADE CNTY FLA AVIATION REV 5% | 3.22 | 1.5 Mil | municipal |
PUBLIC FIN AUTH WIS ED REV 5.75% | 2.88 | 1.3 Mil | municipal |
TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25% | 2.66 | 1.2 Mil | municipal |
METROPOLITAN TRANSN AUTH N Y REV 5% | 2.25 | 1.0 Mil | municipal |
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25% | 2.23 | 1.0 Mil | municipal |
CIVIC VENTURES ALASKA REV 5% | 2.19 | 1.0 Mil | municipal |
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5.25% | 2.19 | 1.0 Mil | municipal |