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Morningstar

Principal Street Short Term Muncpl Inv PSTEX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Street Investment Hub
  • NAV / 1-Day Return 4.22  /  +0.03 %
  • Total Assets 50.3 Mil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.57%
  • Effective Duration 2.05 years

USD | NAV as of May 04, 2024 | 1-Day Return as of May 04, 2024, 1:01 AM GMT+0

Morningstar’s Analysis PSTEX

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

  • People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Principal Street Short Term Muncpl Inv to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PSTEX

More PSTEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 30.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
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MIAMI-DADE CNTY FLA AVIATION REV 5%

3.22 1.5 Mil
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PUBLIC FIN AUTH WIS ED REV 5.75%

2.88 1.3 Mil
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TEXAS MUN GAS ACQUISITION & SUPPLY CORP I GAS SUPPLY REV 6.25%

2.66 1.2 Mil
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METROPOLITAN TRANSN AUTH N Y REV 5%

2.25 1.0 Mil
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BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

2.23 1.0 Mil
municipal

CIVIC VENTURES ALASKA REV 5%

2.19 1.0 Mil
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TENNESSEE ENERGY ACQUISITION CORP GAS REV 5.25%

2.19 1.0 Mil
municipal