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Morningstar

Principal Bond Market Index R1 PBIMX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.06  /  −0.37 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.020%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment —
  • Status Limited
  • TTM Yield 3.52%
  • Effective Duration 6.01 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis PBIMX

Will PBIMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PBIMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PBIMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PBIMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Principal Bond Market Index R1's Process Pillar is partially offset by an Average People Pillar rating, leading to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PBIMX

More PBIMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

2.23 45.1 Mil
—

United States Treasury Notes

0.62 12.6 Mil
Government

United States Treasury Notes

0.62 12.6 Mil
Government

iShares iBoxx $ Invmt Grade Corp Bd ETF

0.62 12.5 Mil
—

United States Treasury Notes

0.60 12.2 Mil
Government

Federal National Mortgage Association

0.58 11.8 Mil
Securitized

United States Treasury Notes

0.55 11.2 Mil
Government

United States Treasury Notes

0.53 10.8 Mil
Government

Federal National Mortgage Association

0.51 10.4 Mil
Securitized

United States Treasury Notes

0.51 10.4 Mil
Government