Morningstar

Principal Short-Term Income Fund R-3 Class PSIOX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 12.05  /  −0.08 %
  • Total Assets 3.5B
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.920%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.51%
  • Effective Duration 1.85 years

USD | NAV as of Aug 11, 2026 | 1-Day Return as of Aug 11, 2026, 12:23 AM GMT+0

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.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings PSIOX

More PSIOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

3.37 118M
Government

United States Treasury Notes

2.92 102M
Government

United States Treasury Notes

2.85 99M
Government

2 Year Treasury Note Future Sept 26

2.67 93M
Government

United States Treasury Notes

2.03 71M
Government

Principal Government Money Market R-6

0.85 30M
—

Vistra Operations Co LLC 3.7%

0.56 20M
Corporate

SBA Tower Trust

0.55 19M
Securitized

Oaktree CLO 2019-4 Ltd.

0.55 19M
Securitized

NISSAN AUTO RECEIVABLES 2025-B OWNER TRUST

0.52 18M
Securitized

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