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PSINX Principal Short-Term Income R2

  • Fund
  • PSINX
  • Price as of: Aug 08, 2016
  • $12.24
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

PSINX - Profile

Vitals

  • YTD Return 1.3%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $2.97 B
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$12.24
$12.07
$12.26

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.17%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 56.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 1.2%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Principal Short-Term Income Fund
  • Fund Family Name Principal Funds
  • Inception Date Jul 12, 2010
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager John R. Friedl

Fund Description

The fund invests primarily in high quality short-term bonds and other fixed-income securities that, at the time of purchase, are rated BBB- or higher by Standard & Poor's Rating Service or Baa3 or higher by Moody's Investors Service, Inc. or, if unrated, in the opinion of the Sub-Advisor of comparable quality. It maintains an effective maturity of five years or less and an average portfolio duration that is within ±15% of the duration of the Barclays Credit 1-3 Year Index which as of December 31, 2015 was 1.90 years.

PSINX - Performance

Return Ranking - Trailing

Period PSINX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.3% -29.9% 209.8% 47.68% 4
1 Yr 1.7% -15.9% 20.3% 66.67% 4
3 Yr 1.2% * -6.4% 10.4% 75.53% 4
5 Yr 1.4% * -3.4% 9.0% 77.79% 4
10 Yr 2.8% * -1.1% 10.2% 79.48% 5

* Annualized


Return Ranking - Calendar

Period PSINX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.9% -51.0% 6.6% 13.17% 2
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period PSINX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.3% -8.1% 209.8% 48.36% 4
1 Yr 1.7% -19.0% 20.3% 54.93% 3
3 Yr 1.2% * -7.1% 10.4% 72.39% 4
5 Yr 1.4% * -4.3% 9.0% 75.49% 4
10 Yr 2.8% * -1.1% 10.2% 78.73% 4

* Annualized


Total Return Ranking - Calendar

Period PSINX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.9% -51.0% 6.6% 13.18% 2
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

PSINX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

PSINX Category Low Category High PSINX % Rank Quintile
Net Assets 2.97 B 319 K 169 B 6.51% 2
Number of Holdings 397 1 17404 12.92% 3
Net Assets in Top 10 355 M -36 B 21.5 B 7.88% 2
Weighting of Top 10 12.1% 0.0% 1826.2% 26.40% 5

Top 10 Holdings

  1. FHLMC 1.375% 1.91%
  2. FNMA 1.5% 1.44%
  3. FNMA 1.625% 1.42%
  4. Jp Morgan Chase Bk Na 6% 1.06%
  5. FNMA 1.75% 1.23%
  6. FNMA 1.875% 1.07%
  7. Slc Private St Ln Tr 2006-A FRN 1.05%
  8. Keycorp Stud Ln Tr 2006-A FRN 1.01%
  9. Prudential Finl FRN 0.97%
  10. Public Svc Co N Mex 7.95% 0.93%

Asset Allocation

Weighting Category Low Category High PSINX % Rank Quintile
Bonds
88.18% -175.98% 181.87% 15.51% 3
Cash
10.33% -82.73% 275.92% 11.90% 2
Preferred Stocks
1.49% -0.07% 17.65% 3.05% 1
Other
0.00% -15.97% 117.15% 13.22% 4
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 3
Stocks
0.00% -5.60% 98.06% 5.39% 3

Bond Sector Breakdown

Weighting Category Low Category High PSINX % Rank Quintile
Corporate
50.82% 0.00% 502.59% 5.60% 1
Securitized
31.69% 0.00% 275.57% 13.33% 3
Cash & Equivalents
10.33% -63.55% 811.66% 12.21% 2
Government
7.15% -990.83% 129.84% 22.18% 4
Municipal
0.00% 0.00% 106.20% 13.07% 4
Derivative
0.00% -895.14% 18.41% 2.14% 2

Bond Geographic Breakdown

Weighting Category Low Category High PSINX % Rank Quintile
US
84.84% -513.97% 163.91% 8.75% 2
Non US
3.34% -5.42% 399.20% 24.52% 5

PSINX - Expenses

Operational Fees

PSINX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.17% 0.00% 42.51% 8.80% 4
Management Fee 0.41% 0.00% 2.15% 2.95% 3
12b-1 Fee 0.30% 0.00% 1.00% 1.75% 3
Administrative Fee 0.20% 0.00% 0.63% 1.30% 4

Sales Fees

PSINX Fees (% of AUM) Category Low Category High PSINX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

PSINX Fees (% of AUM) Category Low Category High PSINX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PSINX Fees (% of AUM) Category Low Category High PSINX Rank Quintile
Turnover 56.40% 0.00% 1944.00% 12.42% 2

PSINX - Distributions

Dividend Yield Analysis

PSINX Category Low Category High PSINX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.30% 26.89% 4

Dividend Distribution Analysis

PSINX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PSINX Category Low Category High PSINX % Rank Quintile
Net Income Ratio 0.90% -1.76% 17.13% 18.98% 5

Capital Gain Distribution Analysis

PSINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PSINX - Managers

John R. Friedl

Manager

Start Date

May 19, 2010

Tenure

6.21

Tenure Rank

4.6%

Mr. Friedl is a portfolio manager for Edge Asset Management. He joined Edge in 1998 and has over 13 years of industry experience. Previously, he was an agency coordinator for Northern Life. He received a master's degree in finance from Seattle University and a bachelor's degree in communications and history from the University of Washington. Mr. Friedl has earned the right to use the Chartered Financial Analyst designation.


Gregory L. Tornga

Manager

Start Date

Jul 01, 2011

Tenure

5.09

Tenure Rank

5.2%

Mr. Tornga is Head of Fixed Income at Edge Asset Management and also serves as a portfolio manager. He joined Edge in 2011. Previously, Greg was a senior vice president for Payden & Rygel Investment Management in Los Angeles, where he served as the Head of Investment Grade Credit Strategy. He received an M.B.A. from the Argyros School of Business & Economics at Chapman University and a bachelor’s degree from the University of Michigan. Mr. Tornga has earned the right to use the Charted Financial Analyst designation.


Ryan P. McCann

Manager

Start Date

May 19, 2010

Tenure

6.21

Tenure Rank

4.6%

Mr. McCann has been a portfolio manager for Edge Asset Management since 2010. Previously, he was a portfolio manager and trader of structured mortgage products for Columbia Asset Management. He has a bachelor’s degree in business administration from Washington State University. Mr. McCann has earned the right to use the Chartered Financial Analyst designation.


Scott J. Peterson

Manager

Start Date

Jan 01, 2010

Tenure

6.58

Tenure Rank

4.4%

Scott J. Peterson has been with Edge since 2002. He earned a bachelors degree in Mathematics from Brigham Young University and an M.B.A. from New York Universitys Stern School of Business. Mr. Peterson has earned the right to use the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6