Principal Short-Term Income benefits from experienced management, but recent team changes and its undifferentiated approach earn the strategy a Morningstar Analyst Rating of Neutral on its cheapest share classes, while its pricier shares receive a Negative.
Will SRHQX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SRHQX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the SRHQX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of SRHQX’s parent organization’s priorities and whether they’re in line with investors’ interests.