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Morningstar

Principal Short-Term Income R4 PSIPX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 11.59  /  0.09 %
  • Total Assets 3.0 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.52%
  • Effective Duration 1.94 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 10:21 PM GMT+0

Morningstar’s Analysis PSIPX

Will PSIPX 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 PSIPX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

New Manager Joins Principal Core Fixed Income and Short-Term Income, Ratings Unchanged

null Chiayi Tsui

Chiayi Tsui

Analyst Note

Principal is adding depth to its fixed-income team. The firm announced the appointment of fixed-income veteran Michael Goosay as managing director of global fixed income effective Aug. 7, 2023. In this role, he will oversee the firm’s core, core plus, multisector, and short-term income portfolios and comanage Principal Core Fixed Income PIOIX and Principal Short-Term Income PSHIX alongside the current managers.

by Chiayi Tsui
Published on

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Portfolio Holdings PSIPX

More PSIPX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 296
  • Other Holdings 14
  • % Assets in Top 10 Holdings 21.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 5 Year Treasury Note

9.66
296,350,611
Government

Principal Government Money Market R-6

2.77
85,100,123
—

United States Treasury Notes

1.78
54,665,557
Government

United States Treasury Notes

1.57
48,305,399
Government

United States Treasury Notes

1.57
48,063,063
Government

Gilead Sciences, Inc. 0.75%

1.17
35,990,949
Cash and Equivalents

United States Treasury Notes

1.08
33,172,055
Government

Nestle Holdings, Inc. 0.375%

0.93
28,460,258
Corporate

Black Hills Corporation 4.25%

0.89
27,165,999
Cash and Equivalents

CF HIPPOLYTA ISSUER LLC

0.86
26,434,179
Securitized