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Name

As of 04/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal Street High Income Municipal Fund

GSTFX | Fund

$7.30

$285 M

5.82%

$0.42

1.29%

Vitals

YTD Return

1.8%

1 yr return

4.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$285 M

Holdings in Top 10

29.7%

52 WEEK LOW AND HIGH

$7.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Principal Street High Income Municipal Fund

GSTFX | Fund

$7.30

$285 M

5.82%

$0.42

1.29%

GSTFX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Street High Income Municipal Fund
  • Fund Family Name
    N/A
  • Inception Date
    Sep 15, 2017
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal market conditions, the Fund will invest at least 80% of its total assets in tax exempt debt securities. The Fund expects to invest the majority of its assets in debt securities that are rated below investment grade (or “junk bonds”), including unrated securities, but may invest up to 40% of its total assets in investment grade debt securities. The Fund may invest without limit in municipal securities issued by or on behalf of states and local governmental authorities throughout the United States and its territories. Municipal securities include, among others, private activity bonds and industrial development bonds, as well as general obligation notes, tax anticipation notes, bond anticipation notes, revenue anticipation notes, other short-term tax-exempt obligations, municipal leases, obligations of municipal housing authorities, zero coupon bonds and single-family revenue bonds. The Fund may invest in all types of municipal bonds that are exempt from federal income tax, but not necessarily the federal alternative minimum tax (the “AMT”). The Adviser’s security selection process focuses primarily on project revenue bonds in five broad sectors: healthcare; education; housing; transportation; and power, but may also include debt of distressed municipalities.
The Fund may employ effective leverage through investment in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“Inverse Floaters”). Inverse Floaters provide leveraged exposure to underlying municipal bonds. These investments are speculative, however, and also create the possibility that income and returns will be diminished. The Fund may also invest in defaulted municipal bonds, debt securities issued in accordance with Rule 144A (“Rule
144A Securities”) under the Securities Act of 1933, as amended (the “Securities Act”), restricted securities and illiquid securities.
The Fund’s investments in debt securities may have fixed or variable principal payments. The Fund’s investments may have varied interest rate payment and reset terms, including fixed and floating rates, inverse floating rate, contingent, deferred, payment in kind and auction rate features. The Fund will typically not invest more than 5% of its assets, at the time of investment, in the securities of any one obligor. From time to time the Fund may focus its investments in the securities of issuers in the same economic sector. The Fund may invest in debt securities with any maturity or duration.
In selecting securities for the Fund, the Adviser employs a top-down/bottom-up research approach with an emphasis on analyzing the stand-alone credit, including financials, bond covenants, management team, and underlying asset value. The Adviser believes that the below investment grade universe represents some of the best value in the fixed income markets.
Additionally, the Fund may utilize leverage (i.e., borrow against a line of credit) as part of the portfolio management process. The Fund may borrow up to one third of the value of its assets for investment purposes.
Read More

GSTFX - Performance

Return Ranking - Trailing

Period GSTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% N/A N/A N/A
1 Yr 4.7% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period GSTFX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.2% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period GSTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% N/A N/A N/A
1 Yr 4.7% N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period GSTFX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

GSTFX - Holdings

Concentration Analysis

GSTFX Category Low Category High GSTFX % Rank
Net Assets 285 M N/A N/A N/A
Number of Holdings 139 N/A N/A N/A
Net Assets in Top 10 79.7 M N/A N/A N/A
Weighting of Top 10 29.67% N/A N/A N/A

Top 10 Holdings

  1. SUNLAND MED FNDTN NT 12% 24 3.72%
  2. Public Finance Authority 3.30%
  3. Public Finance Authority 3.26%
  4. City of Falmouth KY Solid Waste Disposal Facilities Revenue 3.03%
  5. Angelina Neches River Authority 3.00%
  6. SUNLAND MED FNDTN 144A NT 12%24 2.91%
  7. Capital Trust Agency Inc 2.81%
  8. Atoka Industrial Development Authority 2.57%
  9. Port Beaumont Navigation District 2.56%
  10. Erie Tobacco Asset Securitization Corp 2.51%

Asset Allocation

Weighting Return Low Return High GSTFX % Rank
Bonds 		97.73% N/A N/A N/A
Preferred Stocks 		1.89% N/A N/A N/A
Cash 		0.38% N/A N/A N/A
Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High GSTFX % Rank
Cash & Equivalents 		0.00% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High GSTFX % Rank
US 		97.73% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

GSTFX - Expenses

Operational Fees

GSTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% N/A N/A N/A
Management Fee 0.55% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

GSTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

GSTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

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.

GSTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

GSTFX - Distributions

Dividend Yield Analysis

GSTFX Category Low Category High GSTFX % Rank
Dividend Yield 5.82% N/A N/A N/A

Dividend Distribution Analysis

GSTFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

GSTFX Category Low Category High GSTFX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

GSTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

GSTFX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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