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Morningstar

Principal Short-Term Income A SRHQX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 11.94  /  +0.11 %
  • Total Assets 3.1 Bil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.22%
  • Effective Duration 2.00 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis SRHQX

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

  • People Pillar

    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.

  • Parent Pillar

    The Parent Pillar is our rating of SRHQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A no-frills short-term offering.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Principal Short-Term Income has bolstered its ranks with an additional manager, but personnel changes overall and a corporate credit-heavy approach limit the strategy’s appeal.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings SRHQX

More SRHQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 5 Year Treasury Note

7.41 222.7 Mil
Government

Principal Government Money Market R-6

3.20 96.3 Mil
—

United States Treasury Notes

1.49 44.7 Mil
Government

United States Treasury Notes

1.03 30.9 Mil
Government

United States Treasury Notes

1.00 30.1 Mil
Government

CF HIPPOLYTA ISSUER LLC

0.92 27.6 Mil
Securitized

Bank of America Corp. 4.2%

0.83 24.8 Mil
Cash and Equivalents

Trafigura Securitisation Finance PLC

0.80 24.0 Mil
Securitized

HCA Inc. 5.25%

0.66 20.0 Mil
Corporate

Marathon Clo Xiii Ltd / Marathon Clo Xii

0.66 19.8 Mil
Securitized