Nasdaq - Delayed Quote USD

Principal Short-Term Income R1 (PSIMX)

11.76 -0.02 (-0.17%)
At close: 8:05 AM EDT

Fund Summary

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 ±30% of the duration of the Bloomberg Credit 1-3 Year Index.

Principal Short-Term Income R1

Des Moines, IA 50392
711 High Street
(800) 986-3343

Fund Overview

Category Short-Term Bond
Fund Family Principal Funds
Net Assets 2.82B
YTD Return 0.83%
Yield 2.45%
Morningstar Rating
Inception Date Mar 01, 2002

Fund Operations

Last Dividend 0.08
Last Cap Gain -6.00
Holdings Turnover 35.40%
Average for Category --

Fees & Expenses

Expense PSIMX Category Average
Annual Report Expense Ratio (net) 1.62% 0.68%
Prospectus Net Expense Ratio 1.62% --
Prospectus Gross Expense Ratio 1.62% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.59%
Max Deferred Sales Load -- 1.12%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Michael is a senior fixed income portfolio manager and co-head of the global pension solutions effort. He focuses on liability-driven investments and multi sector fixed income strategies and has more than 20 years of investment experience. Michael joined Goldman Sachs in 2009 and was named managing director in 2011. Prior to joining the firm, Michael was a portfolio manager at Drake Management, where he was responsible for managing Drake's $8 billion fixed income business. Before that, he worked at JPMorgan Chase as a proprietary trader. Earlier in his career, Michael spent 12 years as a portfolio manager and trader at Prudential Financial. Michael earned a BS in Finance from Albright College and an MBA from the Rutgers University Graduate School of Management.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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