3 / 5 Stars
4 4 5 3 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#35 in Short-Term Bond
U.S. News evaluated 113 Short-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 1.19 percent over the past year, 2.10 percent over the past three years, 4.35 percent over the past five years, and 3.32 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||0.9%|
|3 Years (Annualized)||2.1%|
|5 Years (Annualized)||4.4%|
|10 Years (Annualized)||3.3%|
The investment seeks to provide 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 Standard & Poor's Rating Service or Baa3 or higher by Moody's Investors Service, Inc. or, if unrated, in the opinion of the Sub-Advisor 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 Barclays Credit 1-3 year Index.
Fees are Low compared to funds in the same category.
Principal Short-Term Income Fund has an expense ratio of 0.77 percent.
Risk is Average compared to funds in the same category according to Morningstar.