Principal Short-Term Income Fund (SRHQX)

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Principal Short-Term Income Fund (SRHQX) is up 0.7% since the beginning of the year. SRHQX is currently trading at $12 per share. Investors who bought $1,000 worth of SRHQX shares 5 years ago would now be looking at an investment worth $1,115.

Principal Short-Term Income Fund (SRHQX) has returned 0.74% so far this year and 3.63% over the past 12 months. Over the last ten years, SRHQX has returned 2.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 3, 1994, SRHQX's average daily return is +0.01%, while the average monthly return is +0.14%. At this rate, an investment would double in approximately 41.3 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +1.9%, while the worst month was Dec 1994 at -2.0%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 9 months.

On a daily basis, SRHQX closed higher 23% of trading days. The best single day was Feb 7, 1994 with a return of +2.1%, while the worst single day was Feb 4, 1994 at -2.4%.

Principal Short-Term Income Fund has an annualized alpha of 1.74%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 1994.

• This fund captured 4.73% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.36%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SRHQX has an expense ratio of 0.65%, placing it in the medium range.

SRHQX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Principal Short-Term Income Fund provided a 3.75% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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 7.95%, occurring on Dec 27, 1994. Recovery took 1574 trading sessions.

The current Principal Short-Term Income Fund drawdown is 0.25%.

The chart below shows the rolling one-month volatility.