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Critical Facts You Need to Know About Preferred Stocks
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Short-Term Income Fund
mutual fund
PSIOX
Payout Change
Pending
Price as of:
$11.97
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
PSIOX (Mutual Fund)
Short-Term Income Fund
Payout Change
Pending
Price as of:
$11.97
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
PSIOX (Mutual Fund)
Short-Term Income Fund
Payout Change
Pending
Price as of:
$11.97
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
4.3%
1 yr return
4.3%
3 Yr Avg Return
1.6%
5 Yr Avg Return
1.4%
Net Assets
$2.8 B
Holdings in Top 10
18.6%
52 WEEK LOW AND HIGH
$12.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.94%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 52.40%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
PSIOX - Profile
Distributions
- YTD Total Return 4.3%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.58%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameShort-Term Income Fund
-
Fund Family NamePrincipal Funds
-
Inception DateJul 12, 2010
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Peterson
Fund Description
The Fund seeks to achieve its investment objective by investing in a broad range of high-quality, fixed-income securities. 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 Ratings (“S&P Global”) or Baa3 or higher by Moody’s Investors Service, Inc. (“Moody’s”). If the security has been rated by only one of the rating agencies, that rating will determine the security’s rating; if the security is rated differently by the rating agencies, the highest rating will be used; and if the security has not been rated by either of the rating agencies, those selecting such investments will determine the security’s quality. The Fund’s investments also include corporate securities, government securities, mortgage-backed and asset-backed securities (securitized products), and foreign securities.
Under normal circumstances, the Fund 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, which as of January 31, 2024 was 1.78 years.
The Fund invests in derivatives, including Treasury futures, to manage the fixed-income exposure. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index.
PSIOX - Performance
Return Ranking - Trailing
| Period | PSIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -0.9% | 18.3% | 66.60% |
| 1 Yr | 4.3% | -0.5% | 19.2% | 67.95% |
| 3 Yr | 1.6%* | -5.7% | 5.4% | 45.60% |
| 5 Yr | 1.4%* | -4.2% | 5.0% | 64.81% |
| 10 Yr | 1.5%* | -18.7% | 170.5% | 66.19% |
* Annualized
Return Ranking - Calendar
| Period | PSIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.7% | -1.6% | 7.6% | 24.62% |
| 2022 | -5.5% | -17.7% | -2.6% | 19.77% |
| 2021 | -2.3% | -4.0% | 4.4% | 83.50% |
| 2020 | 1.5% | -7.1% | 7.6% | 56.79% |
| 2019 | 2.3% | -2.3% | 9.3% | 31.49% |
Total Return Ranking - Trailing
| Period | PSIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -0.9% | 18.3% | 66.60% |
| 1 Yr | 4.3% | -0.5% | 19.2% | 67.95% |
| 3 Yr | 1.6%* | -5.7% | 5.4% | 45.60% |
| 5 Yr | 1.4%* | -4.2% | 5.0% | 64.81% |
| 10 Yr | 1.5%* | -18.7% | 170.5% | 66.19% |
* Annualized
Total Return Ranking - Calendar
| Period | PSIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.6% | 1.8% | 15.2% | 49.04% |
| 2022 | -4.2% | -17.3% | -1.3% | 33.86% |
| 2021 | -1.2% | -2.7% | 7.7% | 89.34% |
| 2020 | 3.6% | -2.4% | 14.5% | 69.96% |
| 2019 | 4.3% | 0.6% | 12.6% | 62.13% |
NAV & Total Return History
PSIOX - Holdings
Concentration Analysis
| PSIOX | Category Low | Category High | PSIOX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.8 B | 14.5 K | 58.2 B | 28.16% |
| Number of Holdings | 361 | 2 | 7413 | 58.81% |
| Net Assets in Top 10 | 618 M | 1.05 M | 6.81 B | 37.36% |
| Weighting of Top 10 | 18.60% | 2.0% | 108.1% | 71.07% |
Top 10 Holdings
- Principal Government Money Market Fund - Class R-6 5.18%
- United States Treasury Note/Bond 3.85%
- United States Treasury Note/Bond 2.54%
- United States Treasury Note/Bond 2.07%
- United States Treasury Note/Bond 1.65%
- CF Hippolyta Issuer LLC 0.85%
- United States Treasury Note/Bond 0.71%
- HCA Inc 0.60%
- Marathon CLO XIII Ltd 0.59%
- Oaktree CLO 2019-4 Ltd 0.57%
Asset Allocation
| Weighting | Return Low | Return High | PSIOX % Rank | |
|---|---|---|---|---|
| Bonds | 69.70% | 0.00% | 131.65% | 79.89% |
| Other | 24.92% | -0.97% | 73.75% | 12.26% |
| Cash | 5.38% | -20.59% | 68.64% | 27.59% |
| Convertible Bonds | 3.02% | 0.00% | 27.71% | 42.42% |
| Stocks | 0.00% | 0.00% | 99.96% | 83.91% |
| Preferred Stocks | 0.00% | 0.00% | 24.12% | 84.87% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PSIOX % Rank | |
|---|---|---|---|---|
| Corporate | 49.51% | 0.00% | 99.82% | 34.74% |
| Securitized | 38.61% | 0.00% | 97.27% | 23.22% |
| Government | 5.68% | 0.00% | 73.63% | 81.19% |
| Cash & Equivalents | 5.19% | 0.00% | 68.64% | 27.39% |
| Municipal | 0.00% | 0.00% | 14.41% | 90.98% |
| Derivative | -0.14% | -0.72% | 21.34% | 95.98% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PSIOX % Rank | |
|---|---|---|---|---|
| US | 69.70% | 0.00% | 126.86% | 78.93% |
| Non US | 0.00% | 0.00% | 87.70% | 85.44% |
PSIOX - Expenses
Operational Fees
| PSIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.94% | 0.01% | 3.29% | 28.27% |
| Management Fee | 0.37% | 0.00% | 1.19% | 67.43% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 51.31% |
| Administrative Fee | 0.07% | 0.01% | 0.41% | 44.08% |
Sales Fees
| PSIOX 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 | 0.50% | 4.00% | N/A |
Trading Fees
| PSIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
| PSIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 52.40% | 2.00% | 500.00% | 32.90% |
PSIOX - Distributions
Dividend Yield Analysis
| PSIOX | Category Low | Category High | PSIOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.36% | 0.00% | 11.11% | 90.80% |
Dividend Distribution Analysis
| PSIOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| PSIOX | Category Low | Category High | PSIOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.58% | -1.27% | 4.98% | 81.29% |
Capital Gain Distribution Analysis
| PSIOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 30, 2024 | $0.034 | OrdinaryDividend |
| Oct 31, 2024 | $0.034 | OrdinaryDividend |
| Sep 30, 2024 | $0.031 | OrdinaryDividend |
| Aug 30, 2024 | $0.036 | OrdinaryDividend |
| Jul 31, 2024 | $0.034 | OrdinaryDividend |
| Apr 30, 2024 | $0.016 | OrdinaryDividend |
| Mar 31, 2024 | $0.031 | OrdinaryDividend |
| Feb 29, 2024 | $0.028 | OrdinaryDividend |
| Jan 31, 2024 | $0.030 | OrdinaryDividend |
| Dec 29, 2023 | $0.030 | OrdinaryDividend |
| Nov 30, 2023 | $0.028 | OrdinaryDividend |
| Oct 31, 2023 | $0.028 | OrdinaryDividend |
| Sep 30, 2023 | $0.028 | OrdinaryDividend |
| Aug 31, 2023 | $0.027 | OrdinaryDividend |
| Jul 31, 2023 | $0.024 | OrdinaryDividend |
| Jun 30, 2023 | $0.027 | OrdinaryDividend |
| May 31, 2023 | $0.025 | OrdinaryDividend |
| Apr 28, 2023 | $0.022 | OrdinaryDividend |
| Mar 31, 2023 | $0.026 | OrdinaryDividend |
| Feb 28, 2023 | $0.021 | OrdinaryDividend |
| Jan 31, 2023 | $0.021 | OrdinaryDividend |
| Dec 30, 2022 | $0.023 | OrdinaryDividend |
| Nov 30, 2022 | $0.019 | OrdinaryDividend |
| Oct 31, 2022 | $0.017 | OrdinaryDividend |
| Sep 30, 2022 | $0.017 | OrdinaryDividend |
| Aug 31, 2022 | $0.015 | OrdinaryDividend |
| Jul 29, 2022 | $0.013 | OrdinaryDividend |
| Jun 30, 2022 | $0.010 | OrdinaryDividend |
| May 31, 2022 | $0.009 | OrdinaryDividend |
| Apr 29, 2022 | $0.008 | OrdinaryDividend |
| Mar 31, 2022 | $0.007 | OrdinaryDividend |
| Feb 28, 2022 | $0.006 | OrdinaryDividend |
| Jan 31, 2022 | $0.006 | OrdinaryDividend |
| Dec 31, 2021 | $0.007 | OrdinaryDividend |
| Dec 20, 2021 | $0.061 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.006 | OrdinaryDividend |
| Oct 29, 2021 | $0.007 | OrdinaryDividend |
| Sep 30, 2021 | $0.006 | OrdinaryDividend |
| Aug 31, 2021 | $0.006 | OrdinaryDividend |
| Jul 30, 2021 | $0.005 | OrdinaryDividend |
| Jun 30, 2021 | $0.005 | OrdinaryDividend |
| May 28, 2021 | $0.005 | OrdinaryDividend |
| Apr 30, 2021 | $0.006 | OrdinaryDividend |
| Mar 31, 2021 | $0.006 | OrdinaryDividend |
| Feb 26, 2021 | $0.006 | OrdinaryDividend |
| Jan 29, 2021 | $0.007 | OrdinaryDividend |
| Dec 31, 2020 | $0.009 | OrdinaryDividend |
| Dec 18, 2020 | $0.066 | CapitalGainShortTerm |
| Dec 18, 2020 | $0.019 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.008 | OrdinaryDividend |
| Oct 30, 2020 | $0.008 | OrdinaryDividend |
| Sep 30, 2020 | $0.009 | OrdinaryDividend |
| Aug 31, 2020 | $0.009 | OrdinaryDividend |
| Jul 31, 2020 | $0.012 | OrdinaryDividend |
| Jun 30, 2020 | $0.012 | OrdinaryDividend |
| May 29, 2020 | $0.014 | OrdinaryDividend |
| Apr 30, 2020 | $0.014 | OrdinaryDividend |
| Mar 31, 2020 | $0.015 | OrdinaryDividend |
| Feb 28, 2020 | $0.015 | OrdinaryDividend |
| Jan 31, 2020 | $0.019 | OrdinaryDividend |
| Dec 31, 2019 | $0.019 | OrdinaryDividend |
| Nov 29, 2019 | $0.017 | OrdinaryDividend |
| Oct 31, 2019 | $0.017 | OrdinaryDividend |
| Sep 30, 2019 | $0.017 | OrdinaryDividend |
| Aug 30, 2019 | $0.021 | OrdinaryDividend |
| Jul 31, 2019 | $0.020 | OrdinaryDividend |
| Dec 17, 2015 | $0.000 | CapitalGainShortTerm |
| Dec 17, 2014 | $0.003 | CapitalGainLongTerm |
| Dec 18, 2013 | $0.007 | CapitalGainLongTerm |
PSIOX - Fund Manager Analysis
Managers
Scott Peterson
Start Date
Tenure
Tenure Rank
Jan 01, 2010
12.42
12.4%
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.
John Friedl
Start Date
Tenure
Tenure Rank
May 19, 2010
12.04
12.0%
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 | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.16 | 2.41 |
