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PSINX Principal Short-Term Income R2

  • Fund
  • PSINX
  • Price as of: May 22, 2019
  • $12.17 - $0.00 - 0.00%
  • Category
  • Total Bond Market

PSINX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $4.81 B
  • Holdings in Top 10 9.4%

52 WEEK LOW AND HIGH

$12.17
$11.98
$12.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.16%

SALES FEES

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

BROKERAGE FEES

  • Turnover 57.30%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 31, 2017

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 1.2%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Scott J. Peterson

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 S&P Global or Baa3 or higher by Moody's. It maintains an effective maturity of five years or less and an average portfolio duration that is within ±15% of the duration of the Bloomberg Barclays Credit 1-3 Year Index.

PSINX - Performance

Return Ranking - Trailing

Period PSINX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.4% 8.8% 74.22%
1 Yr 1.1% -16.4% 4.9% 53.45%
3 Yr 0.0%* -4.6% 43.7% 34.04%
5 Yr -0.2%* -5.8% 22.9% 21.91%
10 Yr N/A* -7.4% 15.9% N/A

* Annualized


Return Ranking - Calendar

Period PSINX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.2% -22.2% 3.1% 20.60%
2017 0.1% -5.1% 25.1% 73.78%
2016 0.6% -8.5% 192.8% 48.80%
2015 -0.9% -33.0% 3.0% 17.73%
2014 -0.2% -29.8% 32.1% 60.52%

Total Return Ranking - Trailing

Period PSINX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.4% 8.8% 76.01%
1 Yr 1.1% -16.4% 8.0% 60.50%
3 Yr 0.0%* -4.6% 48.8% 49.97%
5 Yr -0.2%* -3.8% 28.1% 45.30%
10 Yr N/A* -7.4% 18.7% N/A

* Annualized


Total Return Ranking - Calendar

Period PSINX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.2% -22.2% 7.9% 29.06%
2017 0.1% -4.6% 25.1% 78.25%
2016 0.6% -4.1% 204.3% 60.27%
2015 -0.9% -32.4% 4.2% 29.90%
2014 -0.2% -29.8% 32.1% 69.93%

NAV & Total Return History

PSINX - Holdings

Concentration Analysis

PSINX Category Low Category High PSINX % Rank
Net Assets 4.81 B 337 K 218 B 21.32%
Number of Holdings 473 3 17324 49.77%
Net Assets in Top 10 447 M -1.98 B 29.3 B 34.53%
Weighting of Top 10 9.42% 3.4% 1616.9% 89.93%

Top 10 Holdings

  1. Federal Home Loan Mortgage Corporation 2.75% 1.60%

  2. Federal National Mortgage Association 2.88% 1.58%

  3. Federal National Mortgage Association 2.62% 1.36%

  4. Morgan Stanley 4.18% 0.83%

  5. JPMorgan Chase & Co. 3.67% 0.82%

  6. Federal National Mortgage Association 2.38% 0.73%

  7. Federal National Mortgage Association 1.88% 0.63%

  8. Federal National Mortgage Association 2.5% 0.62%

  9. Federal Home Loan Mortgage Corporation 2.38% 0.62%

  10. United States Treasury Notes 2.88% 0.62%


Asset Allocation

Weighting Return Low Return High PSINX % Rank
Bonds
96.95% -342.57% 340.77% 37.51%
Cash
2.84% -246.66% 453.71% 54.54%
Convertible Bonds
0.21% 0.00% 28.21% 62.69%
Stocks
0.00% -0.99% 97.68% 94.23%
Preferred Stocks
0.00% -0.18% 20.25% 97.61%
Other
0.00% -98.75% 19.81% 90.46%

Bond Sector Breakdown

Weighting Return Low Return High PSINX % Rank
Corporate
49.19% 0.00% 128.48% 21.80%
Securitized
33.46% 0.00% 102.58% 50.89%
Government
14.51% -203.24% 178.24% 59.77%
Cash & Equivalents
2.84% -547.52% 455.04% 52.88%
Derivative
0.00% -190.53% 299.06% 81.91%
Municipal
0.00% 0.00% 102.07% 98.54%

Bond Geographic Breakdown

Weighting Return Low Return High PSINX % Rank
US
91.54% -337.34% 218.41% 25.84%
Non US
5.41% -108.37% 122.36% 75.35%

PSINX - Expenses

Operational Fees

PSINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.16% 0.00% 38.42% 28.23%
Management Fee 0.41% 0.00% 2.15% 58.28%
12b-1 Fee 0.30% 0.00% 1.00% 60.42%
Administrative Fee 0.20% 0.00% 0.63% 84.96%

Sales Fees

PSINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

PSINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 57.30% 0.00% 2337.00% 36.78%

PSINX - Distributions

Dividend Yield Analysis

PSINX Category Low Category High PSINX % Rank
Dividend Yield 0.01% 0.00% 2.87% 92.85%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PSINX Category Low Category High PSINX % Rank
Net Income Ratio 1.48% -2.82% 7.22% 88.40%

Capital Gain Distribution Analysis

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

PSINX - Managers

Scott J. Peterson

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2010

9.33

9.3%

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.


Ryan P. McCann

Manager

Start Date

Tenure

Tenure Rank

May 19, 2010

8.95

9.0%

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.


John R. Friedl

Manager

Start Date

Tenure

Tenure Rank

May 19, 2010

8.95

9.0%

John R. Friedl has been with Principal® since 1998. He earned a B.A. in Communications and History from the University of Washington and a master's degree in Finance from Seattle University. Mr. Friedl has earned the right to use the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

30.35

Category Average

6.92

Category Mode

6.95