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Investment Type: pifretail

Short-Term Income Fund (A) (SRHQX)






Class A | Class C | Class J | Class I

Quick Facts


SRHQX
11/01/1993
Short Term Bond
$4,767.75

Investment Strategy

   What's this?
The investment seeks as high a level of current income as is consistent with prudent investment management and stability of principal. 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 or, if unrated, in the opinion of those selecting such investments, are of comparable quality. 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 which as of December 31, 2017 was 1.88 years.




Morningstar Style Box™

  as of 10/31/2018
   What's this?
Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 11/30/2018
   What's this?

Out of 473 Short Term Bond Funds

StarRating

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.


Total Returns



Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.


Month-End | Quarter-End
Average Annual Total Returns as of 11/30/2018
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Excluding Sales Charge % 0.03 -0.04 0.46 0.53 1.40 1.21 2.82 3.63
Including Sales Charge % -2.25 -2.30 -1.80 -1.73 0.63 0.75 2.58 3.53
Bloomberg Barclays Credit 1-3 Years Index % 0.14 0.20 0.91 0.99 1.49 1.31 3.07 ---
Short Term Bond Category % 0.14 0.07 0.55 0.63 1.40 1.14 2.80 ---
Morningstar Percentile Rankings** --- --- --- 56 45 43 48 ---
# of Funds in Category 560 553 534 531 473 399 258 ---
11/01/1993
**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


Expenses

  as of 11/30/2018
Total Investment Expense - Gross: 0.68%
Total Investment Expense - Net: 0.68%
Maximum Up-front Sales Charge: 2.25%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.15%

Statistics

 

30-Day SEC Yield - Subsidized (Net)
as of 11/30/2018:
2.58%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 11/30/2018:
2.58%


Inv Manager or Sub-Advisor

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Principal Global Investors



Portfolio Managers

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Scott J. Peterson , CFA
Since 01/01/2010
M.B.A. , New York University

Ryan P. McCann , CFA
Since 05/19/2010
B.A. , Washington State University

John R. Friedl , CFA
Since 05/19/2010
M.S. , Seattle University






Morningstar
2018 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.

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

Bloomberg Barclays Credit 1-3 Years Index is composed of publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered.

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.