Principal Street High Income Municipal Fund (GSTAX)
Under normal market conditions, the fund will invest at least 80% of its total assets in tax exempt debt securities. The advisor expects to invest the majority of its assets in debt securities that are rated below investment grade (or "junk bonds"), including unrated securities, but may invest up to 40% of its total assets in investment grade debt securities.
Fund Info
| ISIN | US56167N6702 |
|---|---|
| CUSIP | 56167N670 |
| Issuer | Principal Street Partners |
| Inception Date | Sep 14, 2017 |
| Category | High Yield Muni |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
The Principal Street High Income Municipal Fund has a high expense ratio of 0.73%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Street High Income Municipal Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Principal Street High Income Municipal Fund had a return of 0.83% year-to-date (YTD) and 4.85% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.83% | 6.92% |
| 1 month | -1.35% | -2.83% |
| 6 months | 7.86% | 23.86% |
| 1 year | 4.85% | 23.33% |
| 5 years (annualized) | -1.11% | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.51% | 1.32% | 0.37% | |||||||||
| 2023 | -2.21% | -2.97% | 5.20% | 2.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Principal Street High Income Municipal Fund(GSTAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Street High Income Municipal Fund (GSTAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal Street High Income Municipal Fund granted a 6.21% dividend yield in the last twelve months. The annual payout for that period amounted to $0.45 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.46 | $0.47 | $0.49 | $0.55 | $0.39 | $0.82 | $0.16 |
Dividend yield | 6.21% | 6.24% | 6.27% | 5.35% | 5.93% | 3.81% | 8.28% | 1.62% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Street High Income Municipal Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | |||||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2021 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2018 | $0.06 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.25 |
| 2017 | $0.02 | $0.05 | $0.04 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Street High Income Municipal Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal Street High Income Municipal Fund was 20.19%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Principal Street High Income Municipal Fund drawdown is 10.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.19% | Mar 2, 2020 | 670 | Oct 25, 2022 | — | — | — |
| -2.19% | Oct 5, 2017 | 14 | Oct 24, 2017 | 28 | Dec 4, 2017 | 42 |
| -1.85% | Sep 4, 2018 | 33 | Oct 18, 2018 | 49 | Dec 31, 2018 | 82 |
| -1.82% | Sep 5, 2019 | 46 | Nov 7, 2019 | 60 | Feb 5, 2020 | 106 |
| -0.8% | Dec 7, 2017 | 10 | Dec 20, 2017 | 5 | Dec 28, 2017 | 15 |
Volatility
Volatility Chart
The current Principal Street High Income Municipal Fund volatility is 0.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.