Principal Short-Term Income Fund (SRHQX)
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. 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 Credit 1-3 Year Index.
Fund Info
US74254V5628
74254V562
Nov 1, 1993
$1,000
Expense Ratio
SRHQX has an expense ratio of 0.65%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Principal Short-Term Income Fund (SRHQX) returned 1.95% year-to-date (YTD) and 5.98% over the past 12 months. Over the past 10 years, SRHQX returned 2.06% annually, underperforming the S&P 500 benchmark at 10.85%.
SRHQX
1.95%
-0.17%
2.01%
5.98%
3.92%
1.82%
2.06%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of SRHQX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.48% | 0.78% | 0.29% | 0.56% | -0.17% | 1.95% | |||||||
| 2024 | 0.60% | -0.24% | 0.34% | -0.11% | 0.83% | 0.53% | 1.16% | 0.92% | 0.78% | -0.60% | 0.56% | 0.05% | 4.91% |
| 2023 | 1.34% | -0.57% | 0.86% | 0.64% | -0.19% | -0.17% | 0.58% | 0.34% | -0.34% | 0.27% | 1.48% | 1.39% | 5.76% |
| 2022 | -0.66% | -0.67% | -1.16% | -0.75% | 0.02% | -0.74% | 0.74% | -0.69% | -1.37% | -0.26% | 1.16% | 0.40% | -3.95% |
| 2021 | 0.00% | -0.33% | -0.24% | 0.24% | 0.14% | -0.10% | 0.23% | -0.09% | -0.17% | -0.32% | -0.24% | -0.06% | -0.94% |
| 2020 | 0.84% | 0.63% | -1.95% | 1.87% | 0.78% | 0.68% | 0.45% | 0.10% | -0.06% | 0.02% | 0.33% | 0.14% | 3.86% |
| 2019 | 0.77% | 0.26% | 0.69% | 0.27% | 0.62% | 0.58% | 0.11% | 0.77% | -0.08% | 0.33% | 0.01% | 0.10% | 4.53% |
| 2018 | -0.26% | -0.19% | 0.08% | 0.07% | 0.26% | 0.01% | 0.18% | 0.37% | -0.08% | 0.03% | 0.03% | 0.43% | 0.93% |
| 2017 | 0.22% | 0.38% | 0.07% | 0.30% | 0.32% | -0.01% | 0.38% | 0.23% | -0.11% | 0.13% | -0.19% | 0.07% | 1.81% |
| 2016 | 0.37% | 0.12% | 0.63% | 0.39% | -0.03% | 0.63% | 0.30% | 0.06% | 0.15% | -0.02% | -0.52% | 0.16% | 2.25% |
| 2015 | 0.59% | -0.16% | 0.25% | 0.10% | 0.01% | -0.16% | 0.11% | -0.21% | 0.29% | 0.08% | -0.14% | -0.29% | 0.45% |
| 2014 | 0.27% | 0.26% | -0.13% | 0.28% | 0.37% | 0.04% | -0.12% | 0.20% | -0.13% | 0.21% | 0.18% | -0.08% | 1.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, SRHQX is among the top 3% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Short-Term Income Fund (SRHQX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Principal Short-Term Income Fund provided a 3.60% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.42 | $0.34 | $0.19 | $0.17 | $0.27 | $0.25 | $0.25 | $0.21 | $0.20 | $0.18 | $0.19 |
Dividend yield | 3.60% | 3.51% | 2.89% | 1.63% | 1.41% | 2.16% | 2.05% | 2.06% | 1.72% | 1.65% | 1.45% | 1.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Short-Term Income 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.19 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 | $0.17 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 | $0.27 |
| 2019 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.03 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Short-Term Income 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 Short-Term Income Fund was 80.43%, occurring on Dec 26, 1994. Recovery took 4 trading sessions.
The current Principal Short-Term Income Fund drawdown is 0.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.43% | Dec 15, 1994 | 8 | Dec 26, 1994 | 4 | Dec 30, 1994 | 12 |
| -80.18% | Oct 6, 1998 | 59 | Dec 25, 1998 | 25 | Jan 29, 1999 | 84 |
| -80.17% | Feb 2, 1999 | 10 | Feb 15, 1999 | 32 | Mar 31, 1999 | 42 |
| -80.09% | Dec 15, 1999 | 8 | Dec 24, 1999 | 5 | Dec 31, 1999 | 13 |
| -80.09% | Dec 17, 1997 | 7 | Dec 25, 1997 | 4 | Dec 31, 1997 | 11 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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