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 features an expense ratio of 0.65%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Short-Term Income 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 Short-Term Income Fund had a return of 0.48% year-to-date (YTD) and 5.23% in the last 12 months. Over the past 10 years, Principal Short-Term Income Fund had an annualized return of 1.84%, while the S&P 500 had an annualized return of 11.31%, indicating that Principal Short-Term Income Fund did not perform as well as the benchmark.
SRHQX
0.48%
0.57%
1.61%
5.23%
1.55%
1.84%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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% | 0.48% | |||||||||||
| 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% | 0.65% | -0.19% | -0.17% | 0.58% | 0.35% | -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% | 0.15% | -0.10% | 0.23% | -0.09% | -0.17% | -0.32% | -0.24% | -0.56% | -1.43% |
| 2020 | 0.84% | 0.63% | -1.95% | 1.87% | 0.78% | 0.68% | 0.45% | 0.10% | -0.06% | 0.02% | 0.33% | -0.54% | 3.15% |
| 2019 | 0.77% | 0.27% | 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% | 0.39% | 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% | -0.10% | 1.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, SRHQX is among the top 6% 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.
Dividends
Dividend History
Principal Short-Term Income Fund provided a 3.56% dividend yield over the last twelve months, with an annual payout of $0.43 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 | $0.43 | $0.42 | $0.34 | $0.19 | $0.11 | $0.19 | $0.27 | $0.25 | $0.21 | $0.20 | $0.18 | $0.18 |
Dividend yield | 3.56% | 3.51% | 2.89% | 1.63% | 0.92% | 1.48% | 2.20% | 2.09% | 1.72% | 1.65% | 1.45% | 1.49% |
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 | $0.00 | $0.04 | ||||||||||
| 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 | $0.01 | $0.11 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $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 | $0.18 |
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.
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 0.08%.
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% | Feb 17, 1995 | 2 | Feb 20, 1995 | 2 | Feb 22, 1995 | 4 |
| -80.09% | Nov 16, 1994 | 7 | Nov 24, 1994 | 2 | Nov 28, 1994 | 9 |
Volatility
Volatility Chart
The current Principal Short-Term Income Fund volatility is 0.52%, 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.