PSTEX Performance — Principal Street Short Term Municipal Fund, Investor Class
Data updated: 2024-11-14
PSTEX returned +4.57% over one year to Aug 2024. Over one year the fund trailed its Short-Term Municipal Bond category average: $100 grew to $105, against $105 for the category. Volatility over the past 12 months was 1.64% a year. In the 12 months to Aug 2024 the fund took in a net $45.4M, and assets reached $56.33M.
PSTEX Growth of $100
What $100 invested in Principal Street Short Term Municipal Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | PSTEX | Category average |
|---|---|---|
| 1 year (Sep 2023 – Aug 2024) | $105 | $105 |
| Since data start (Apr 2022 – Aug 2024) | $108 | $106 |
PSTEX Trailing Returns
Total returns to Aug 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +4.57% |
| 3 years (annualised) | +3.05% |
PSTEX Annual Returns
Calendar-year total returns of Principal Street Short Term Municipal Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Aug) | +2.56% |
| 2023 | +3.86% |
| 2022 (Apr–Dec) | +0.96% |
PSTEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +0.3% | +0.1% | +0.3% | +0.1% | +0.3% | +0.6% | +0.5% | +0.3% | — | — | — | — |
| 2023 | +1.2% | −0.7% | +1.0% | 0.0% | −0.2% | +0.5% | +0.3% | −0.2% | −0.4% | +0.1% | +1.5% | +0.8% |
| 2022 | — | — | — | 0.0% | +0.9% | −0.3% | +1.1% | −0.8% | −1.9% | −0.2% | +2.0% | +0.3% |
PSTEX Risk
Risk measures from monthly returns over Sep 2023 – Aug 2024.
- 1-year volatility (annualised): 1.64%
- Best month: +1.52% (Nov 2023)
- Worst month: −0.42% (Sep 2023)
PSTEX Fund Flows
Monthly money in and out of Principal Street Short Term Municipal Fund, from SEC Form N-PORT.
- 12-month net flow: $45.4M
- 12-month gross sales (incl. reinvestments): $41.6M
- Sales ÷ redemptions: -10.97×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Aug 2024 | $3.5M | $3.6M | −$133K |
| Jul 2024 | $4.7M | $1.1M | $3.6M |
| Jun 2024 | $2.0M | $753K | $1.3M |
| May 2024 | $5.0M | $2.1M | $3.0M |
| Apr 2024 | $987K | $7.4M | −$6.4M |
| Mar 2024 | $628K | $2.5M | −$1.8M |
| Feb 2024 | $4.8M | −$1.4M | $6.2M |
| Jan 2024 | $2.0M | −$1.1M | $3.1M |
| Dec 2023 | $6.7M | −$751K | $7.5M |
| Nov 2023 | $1.4M | −$8.5M | $9.9M |
| Oct 2023 | $2.5M | −$8.1M | $10.6M |
| Sep 2023 | $7.3M | −$1.4M | $8.7M |
PSTEX Assets Under Management
Net assets of Principal Street Short Term Municipal Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-08-31 | $56.33M |
| 2024-05-31 | $51.29M |
| 2024-02-29 | $56.85M |
| 2023-11-30 | $46.49M |
| 2023-08-31 | $53.25M |
| 2023-05-31 | $66.41M |
| 2023-02-28 | $54.47M |
| 2022-11-30 | $39.33M |
| 2022-08-31 | $12.65M |
| 2022-05-31 | $10.11M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.