Please find below all the documents for the Principal Street High Income Municipal Bond Mutual Fund including the prospectus and application for investing. Please read all documents carefully before investing.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and currently performance may be higher or lower than the performance quoted. For the most recent Month End performance, please visit www.principalstreetfunds.com.
Fund holdings are subject to change and are not a recommendation to or sell any securities.
*Fund’s 30 day SEC yield: 7.58% (subsidized) and 7.51% (unsubsidized)
*Below Investment Grade: A high paying bond with a lower credit rating than investment grade bonds or Treasury bonds. Because of the higher risk of default, these bonds pay a higher yield than investment grade bonds.
*Basis Points: Unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument.
*Muni-to-Treasury Ratio: A comparison of the current yield of municipal bonds to U.S. Treasuries calculated by comparing the yield on an index of AAA-rated municipal bonds vs. the yield on the equivalent Treasury Note.
Principal Street Asset Management has released the following capital gain payment for its mutual fund, Principal Street High Income Municipal Bond Fund.
|Ticker||Total Per Share||Short-Term Per Share||Long-Term Per Share||NAV as of 12/20/18||Record Date||Ex-Date & Payable Date|
The Principal Street Funds are offered only to United States residents, and information on this website is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of any Prinicipal Street Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Mutual Fund investing involves risk. Principal loss is possible. The Fund’s value investments are subject to the risk that their intrinsic values may not be recognized by the broad market or that their prices may decline. Investments in larger companies are subject to the risk that they are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion. Variable and floating rate securities provide for a periodic adjustment in the interest rate paid on the obligations. ETNs are subject to the credit risk of the issuer. Fixed-income securities are or may be subject to interest rate, credit, liquidity, prepayment and extension risks. Interest rates may go up resulting in a decrease in the value of the fixed-income securities held by the Fund. High-yield fixed income securities or “junk bonds” are fixed-income securities held by the Fund that are rated below investment grade are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on public perception of the issuer. The municipal market is volatile and can be significantly affected by adverse tax, legislative or political changes and the financial condition of the issuers of municipal securities. The Fund is new with no operating history and there can be no assurance that the Fund will grow to or maintain an economically viable size.
Principal Street Partners is the Investment Adviser to the Principal Street High Income Municipal Bond Mutual Fund, which is distributed by Quasar Distributors, LLC.