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Morningstar

Principal Core Plus Bond R5 PBMPX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.79  /  −0.34 %
  • Total Assets 558.5 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.690%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.33%
  • Effective Duration 6.20 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0

Morningstar’s Analysis PBMPX

Will PBMPX 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 PBMPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PBMPX 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 PBMPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Principal Core Plus Bond R5's Process and People Pillar ratings limits this strategy 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 second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PBMPX

More PBMPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 32.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 5 Year Treasury Note

11.54 66.4 Mil
Government

10 Year Treasury Note Future June 24

5.14 29.6 Mil
Government

Future on 2 Year Treasury Note

4.30 24.7 Mil
Government

Principal Government Money Market R-6

2.90 16.7 Mil
—

Ultra 10 Year US Treasury Note Future June 24

2.28 13.1 Mil
Government

United States Treasury Bills

2.27 13.0 Mil
Government

Government National Mortgage Association

1.46 8.4 Mil
Securitized

Government National Mortgage Association

1.35 7.8 Mil
Securitized

Fnma Pass-Thru I

1.24 7.1 Mil
Securitized

Government National Mortgage Association

1.13 6.5 Mil
Securitized