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Trending ETFs

Short-Term Income Fund

mutual fund
STCCX
Payout Change
Pending
Price as of:
$11.89 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
STCCX (Mutual Fund)

Short-Term Income Fund

Payout Change
Pending
Price as of:
$11.89 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
STCCX (Mutual Fund)

Short-Term Income Fund

Payout Change
Pending
Price as of:
$11.89 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Short-Term Income Fund

STCCX | Fund

$11.89

$2.8 B

2.75%

$0.33

1.62%

Vitals

YTD Return

1.5%

1 yr return

4.6%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

0.6%

Net Assets

$2.8 B

Holdings in Top 10

12.8%

52 WEEK LOW AND HIGH

$11.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.62%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 52.40%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Short-Term Income Fund

STCCX | Fund

$11.89

$2.8 B

2.75%

$0.33

1.62%

STCCX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Short-Term Income Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 12, 2002
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott Peterson

Fund Description

The Fund seeks to achieve its investment objective by investing in a broad range of high-quality, fixed-income securities. 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 Ratings (“S&P Global”) or Baa3 or higher by Moody’s Investors Service, Inc. (“Moody’s”). If the security has been rated by only one of the rating agencies, that rating will determine the security’s rating; if the security is rated differently by the rating agencies, the highest rating will be used; and if the security has not been rated by either of the rating agencies, those selecting such investments will determine the security’s quality. The Fund’s investments also include corporate securities, government securities, mortgage-backed and asset-backed securities (securitized products), and foreign securities.
Under normal circumstances, the Fund maintains an effective maturity of five years or less and an average portfolio duration that is within ±30% of the duration of the Bloomberg Credit 1-3 Year Index, which as of January 31, 2024 was 1.78 years.
The Fund invests in derivatives, including Treasury futures, to manage the fixed-income exposure. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index.
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STCCX - Performance

Return Ranking - Trailing

Period STCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -85.4% 12.9% 72.04%
1 Yr 4.6% -84.9% 23.7% 79.04%
3 Yr -0.1%* -47.2% 4.4% 74.38%
5 Yr 0.6%* -31.1% 4.8% 89.23%
10 Yr 0.7%* -19.2% 169.9% 89.80%

* Annualized

Return Ranking - Calendar

Period STCCX Return Category Return Low Category Return High Rank in Category (%)
2023 2.7% -1.6% 7.6% 25.09%
2022 -5.6% -17.7% -2.6% 20.04%
2021 -2.3% -4.0% 4.4% 83.01%
2020 1.6% -7.1% 7.6% 52.50%
2019 2.2% -2.3% 9.3% 33.81%

Total Return Ranking - Trailing

Period STCCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -85.4% 12.9% 72.04%
1 Yr 4.6% -84.9% 23.7% 79.04%
3 Yr -0.1%* -47.2% 4.4% 74.38%
5 Yr 0.6%* -31.1% 4.8% 89.23%
10 Yr 0.7%* -19.2% 169.9% 89.80%

* Annualized

Total Return Ranking - Calendar

Period STCCX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% 1.8% 15.2% 76.39%
2022 -4.9% -17.3% -1.3% 51.23%
2021 -1.8% -2.7% 7.7% 97.66%
2020 3.0% -2.4% 14.5% 86.63%
2019 3.6% 0.6% 12.6% 86.80%

NAV & Total Return History


STCCX - Holdings

Concentration Analysis

STCCX Category Low Category High STCCX % Rank
Net Assets 2.8 B 14.5 K 57.3 B 26.67%
Number of Holdings 312 2 9251 63.89%
Net Assets in Top 10 360 M 993 K 6.33 B 43.15%
Weighting of Top 10 12.82% 2.1% 103.0% 78.89%

Top 10 Holdings

  1. Principal Government Money Market Fund - Class R-6 4.31%
  2. United States Treasury Note/Bond 1.58%
  3. United States Treasury Note/Bond 1.22%
  4. CF Hippolyta Issuer LLC 0.96%
  5. United States Treasury Note/Bond 0.88%
  6. Bank of America Corp 0.87%
  7. Trafigura Securitisation Finance PLC 2021-1 0.83%
  8. OneMain Direct Auto Receivables Trust 2021-1 0.75%
  9. HCA Inc 0.71%
  10. Oaktree CLO 2019-4 Ltd 0.71%

Asset Allocation

Weighting Return Low Return High STCCX % Rank
Bonds
66.56% 0.00% 131.18% 84.63%
Other
29.97% -0.97% 69.02% 7.59%
Cash
4.41% -20.59% 55.85% 35.37%
Convertible Bonds
3.02% 0.00% 27.71% 42.86%
Stocks
0.00% 0.00% 99.97% 46.67%
Preferred Stocks
0.00% 0.00% 22.27% 42.41%

Bond Sector Breakdown

Weighting Return Low Return High STCCX % Rank
Corporate
49.51% 0.00% 100.00% 34.14%
Securitized
38.61% 0.00% 97.27% 21.89%
Government
5.68% 0.00% 73.63% 79.96%
Cash & Equivalents
4.41% 0.00% 55.85% 31.85%
Derivative
0.16% -0.33% 28.01% 12.78%
Municipal
0.00% 0.00% 17.46% 63.45%

Bond Geographic Breakdown

Weighting Return Low Return High STCCX % Rank
US
66.56% 0.00% 130.36% 82.96%
Non US
0.00% 0.00% 82.77% 43.15%

STCCX - Expenses

Operational Fees

STCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.01% 3.24% 4.28%
Management Fee 0.37% 0.00% 1.19% 66.30%
12b-1 Fee 1.00% 0.00% 1.00% 87.46%
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

STCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load 1.00% 0.50% 4.00% 24.14%

Trading Fees

STCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

STCCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.40% 2.00% 500.00% 32.28%

STCCX - Distributions

Dividend Yield Analysis

STCCX Category Low Category High STCCX % Rank
Dividend Yield 2.75% 0.00% 11.11% 98.15%

Dividend Distribution Analysis

STCCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

STCCX Category Low Category High STCCX % Rank
Net Income Ratio 0.02% -1.27% 4.98% 95.08%

Capital Gain Distribution Analysis

STCCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

STCCX - Fund Manager Analysis

Managers

Scott Peterson


Start Date

Tenure

Tenure Rank

Jan 01, 2010

12.42

12.4%

Scott J. Peterson has been with Edge since 2002. He earned a bachelors degree in Mathematics from Brigham Young University and an M.B.A. from New York Universitys Stern School of Business. Mr. Peterson has earned the right to use the Chartered Financial Analyst designation.

John Friedl


Start Date

Tenure

Tenure Rank

May 19, 2010

12.04

12.0%

John R. Friedl has been with Principal® since 1998. He earned a B.A. in Communications and History from the University of Washington and a master's degree in Finance from Seattle University. Mr. Friedl has earned the right to use the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.18 2.41