Morningstar

Principal Short-Term Income Fund R-3 Class PSIOX

Morningstar Medalist Rating
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Medalist Rating as of See Principal Investment Hub
  • NAV / 1-Day Return $11.94  /  +0.17 %
  • Fund Size $3.1B
  • Adjusted Expense Ratio 0.920%
  • Net Expense Ratio 0.920%
  • Fee Level: Distribution Above Average
  • Share Class Type Retirement, Medium
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.57%
  • Average Effective Duration 1.88 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PSIOX

Will PSIOX outperform in the 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 PSIOX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PSIOX 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 PSIOX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Principal Short-Term Income R3 holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings PSIOX

More PSIOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Dec 26

3.59 110M
Government

United States Treasury Notes

2.75 85M
Government

United States Treasury Notes

2.18 67M
Government

United States Treasury Notes

1.60 49M
Government

Principal Government Money Market R-6

1.49 46M
—

United States Treasury Notes

1.28 39M
Government

Vistra Operations Co LLC 3.7%

0.63 20M
Corporate

SBA Tower Trust

0.63 19M
Securitized

LIFE FINANCIAL SERVICES TRUST

0.56 17M
Securitized

Trafigura Securitisation Finance PLC

0.49 15M
Securitized

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