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.
Principal Short-Term Income R4 PSIPX
- NAV / 1-Day Return 11.77 / −0.08 %
- Total Assets 2.9 Bil
-
Adj. Expense Ratio
- 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 2.94%
- Effective Duration 2.00 years
USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 12:02 AM GMT+0
Morningstar’s Analysis PSIPX
Will PSIPX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 18.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Future on 5 Year Treasury Note | 8.58 | 241.9 Mil | Government |
Principal Government Money Market R-6 | 3.89 | 109.7 Mil | — |
United States Treasury Notes | 1.10 | 31.1 Mil | Government |
CF HIPPOLYTA ISSUER LLC | 0.96 | 27.2 Mil | Securitized |
Bank of America Corp. 4.2% | 0.87 | 24.5 Mil | Corporate |
Trafigura Securitisation Finance PLC | 0.83 | 23.5 Mil | Securitized |
Oaktree Clo 2019-4 Ltd/Oaktree Clo 2019-4 Llc | 0.72 | 20.3 Mil | Securitized |
HCA Inc. 5.25% | 0.72 | 20.3 Mil | Corporate |
BX TRUST | 0.70 | 19.8 Mil | Securitized |
Marathon Clo Xiii Ltd / Marathon Clo FRN | 0.70 | 19.8 Mil | Securitized |