Morningstar

Principal Street Short Term Muncpl Instl PSTYX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Street Investment Hub
  • NAV / 1-Day Return 4.25  /  +0.01 %
  • Total Assets 53.5 Mil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.710%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.02%
  • Effective Duration —

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 2:12 AM GMT+0

Morningstar’s Analysis PSTYX

Will PSTYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PSTYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PSTYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PSTYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Principal Street Short Term Muncpl Instl's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PSTYX

More PSTYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SWEETWATER CALIF UN HIGH SCH DIST PUB FING AUTH REV 5%

4.04 2.0 Mil
municipal

ILLINOIS ST 5.25%

3.55 1.8 Mil
municipal

METROPOLITAN PIER & EXPOSITION AUTH ILL HOSPITALITY FACS REV 7%

3.39 1.7 Mil
municipal

RIVERSIDE VA REGL JAIL AUTH JAIL FAC REV 5%

3.07 1.6 Mil
municipal

MONARCH-CHESTERFIELD LEVEE DIST MO 5%

2.97 1.5 Mil
municipal

MIAMI-DADE CNTY FLA AVIATION REV 5%

2.92 1.5 Mil
municipal

PUBLIC FIN AUTH WIS ED REV 5.75%

2.62 1.3 Mil
municipal

CHICAGO ILL O HARE INTL ARPT REV 5%

2.25 1.1 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 5%

2.04 1.0 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

2.01 1.0 Mil
municipal

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