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Investment Type: pifretail

Short-Term Income Fund (A) (SRHQX)






Class A | Class C | Class J | Class I

Portfolio Composition

  as of 10/31/2021
   What's this?

Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 85.47% 0.0%   85.47%  
Non-U.S. Bonds 10.09% 0.0%   10.09%  
Convertibles 2.53% 0.0%   2.53%  
Cash 1.91% 2.91%   4.82%  
Total100%


Top 10 Holdings

  as of 10/31/2021
   What's this?

% of Net Assets
Principal Government Money Market Instl 2.52
Gilead Sciences, Inc. 1.14
United States Treasury Notes 0.99
Morgan Stanley 0.93
JPMorgan Chase & Co. 0.92
Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III 0.90
Dewolf Park CLO Ltd. 0.88
Apple Inc. 0.83
NELNET STUDENT LOAN TRUST 0.82
United States Treasury Notes 0.71
Total*: 10.63
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 10/31/2021
   What's this?
Investment Style
Stylebox Market Capitalization

Credit Analysis

  as of 10/31/2021
   What's this?

% Bonds
AAA 32.20
AA 8.40
A 16.63
BBB 33.93
BB 1.51
B 0.27
Not Rated 7.07

Statistics

 
as of 10/31/2021
Average Eff Duration (yrs): 1.88
Average Eff Maturity (yrs): 2.79
Avg Weighted Coupon:
Avg Weighted Price: $101.62
30-Day SEC Yield - Subsidized (Net)
as of 10/31/2021:
0.41%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 10/31/2021:
0.41%

Analysis

  as of 10/31/2021
Turnover Ratio: 76.00%
0
361
21
382





Morningstar
2021 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

The full name of this investment option is Principal Short-Term Income Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

This Bloomberg Credit 1-3 Years Index measures the performance of the investment grade, US dollar-denominated, fixed-rate, taxable corporate and government related bond markets with the maturities of 1 to 3 years. It is composed of the US Corporate Index and a non-corporate component that includes foreign agencies, sovereigns, supra nationals and local authorities.For each index, Barclays maintains two universes of securities: the Returns (Backward) and Statistics (Forward) Universes. The composition of the Returns Universe is rebalanced at each month-end and represents the fixed set of bonds on which index returns are calculated for the next month. The Statistics Universe is a forward-looking projection that changes daily to reflect issues dropping out of and entering the index but is not used for return calculations. On the last business day of the month (the rebalancing date), the composition of the latest Statistics Universe becomes the Returns Universe for the following month.

The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.

Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.