Principal Short-Term Income has experienced managers, but a still-small team and undistinguished investment process earn the strategy a Morningstar Analyst Rating of Neutral on its cheaper share classes while its more expensive share classes earn a Negative.
Will PSIMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PSIMX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PSIMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PSIMX’s parent organization’s priorities and whether they’re in line with investors’ interests.