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.
Principal Short-Term Income R1 PSIMX
NAV / 1-Day Return
12.42
/
0.00
%
Total Assets
5.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.290%
Expense Ratio
1.290%
Fee Level
High
Longest Manager Tenure
11.16
years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
0
Status
Limited
TTM Yield
0.68%
Effective Duration
1.76
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PSIMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
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.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of PSIMX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Steady, but lacking resources.
