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Morningstar

Principal Short-Term Income R5 PSIQX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 11.63  /  0.15 %
  • Total Assets 3.1 Bil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.630%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.14%
  • Effective Duration 1.95 years

USD | NAV as of Jun 02, 2023 | 1-Day Return as of Jun 02, 2023, 10:16 PM GMT+0

Morningstar’s Analysis PSIQX

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

People Pillar

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

A corporate-focused short-term bond strategy.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Principal Short-Term Income’s abrupt team changes and conventional approach earn it a Morningstar Analyst Rating of Neutral on its cheapest share classes; its pricier shares are rated Negative.

by Chiayi Tsui
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PSIQX

More PSIQX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 306
  • Other Holdings 9
  • % Assets in Top 10 Holdings 12.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.78
56,287,935
Government

Principal Government Money Market R-6

1.53
48,585,016
—

United States Treasury Notes

1.51
47,806,101
Government

United States Treasury Notes

1.48
46,909,786
Government

United States Treasury Notes

1.34
42,634,692
Government

Dewolf Park CLO Ltd.

1.16
36,634,912
Securitized

Gilead Sciences, Inc. 0.75%

1.12
35,378,760
Corporate

Oaktree Clo 2019-4 Ltd/Oaktree Clo 2019-4 Llc

0.93
29,398,546
Securitized

THL CREDIT LAKE SHORE MM CLO II LTD

0.92
29,100,370
Securitized

MHC COMMERCIAL MORTGAGE TRUST 2021-MHC

0.90
28,581,509
Securitized