Principal Short-Term Income Fund Class A is an actively managed mutual fund focused on generating a high level of current income while seeking to maintain a stable principal profile. The strategy concentrates on **high‑quality, short‑term bonds**—generally rated **BBB‑ or higher** at purchase—across sectors such as investment‑grade corporates, asset‑backed and mortgage‑backed securities, agencies, and selected government-related debt. Managed by Principal Global Investors, the fund emphasizes **short duration** positioning to moderate interest‑rate sensitivity, aligning with an **18‑ to 24‑month investment horizon** for investors prioritizing capital stability and consistent income. The fund distributes income **monthly** and has amassed multi‑billion‑dollar assets, reflecting its role as a core **short-term bond** allocation for liquidity-aware portfolios and cash management sleeves. Portfolio oversight by an experienced management team supports disciplined credit selection and sector diversification, aiming to balance income generation with risk control within the front end of the fixed‑income market. This positioning makes it a staple vehicle for investors seeking dependable bond income without extending materially into longer‑duration or lower‑quality credit risk.
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