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Principal Short-Term Income Fund (SRHQX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
11.600.00 (0.00%)
At close: 08:01PM EDT
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Principal Short-Term Income Fund

Des Moines, IA 50392

711 High Street

Principal Financial Group

(800) 986-3343
Management Information
,Lead Manager since August 6, 2023
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
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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.

Fund Overview

CategoryShort-Term Bond
Fund FamilyPrincipal Funds
Net Assets3.07B
YTD Return2.75%
Yield2.64%
Morningstar Rating★★★
Inception DateFeb 28, 2002

Fund Operations

Last Dividend0.22
Last Cap Gain-7.00
Holdings Turnover28.40%
Average for CategoryN/A

Fees & Expenses

ExpenseSRHQXCategory Average
Annual Report Expense Ratio (net)1.55%0.68%
Prospectus Net Expense Ratio1.55%N/A
Prospectus Gross Expense Ratio1.55%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A2.59%
Max Deferred Sales LoadN/A1.12%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A
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