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.
Principal Government & High Qual Bd J PMRJX
- NAV / 1-Day Return 8.74 / +0.14 %
- Total Assets 649.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.930%
- Distribution Fee Level Low
- Share Class Type Retirement, Medium
- Category Intermediate Government
- Credit Quality / Interest Rate Sensitivity High/Moderate
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.71%
- Effective Duration 6.06 years
USD | NAV as of May 25, 2024 | 1-Day Return as of May 25, 2024, 12:01 AM GMT+0
Morningstar’s Analysis PMRJX
Will PMRJX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 17.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash Offset | 11.11 | 71.1 Mil | — |
Federal National Mortgage Association | 4.85 | 31.0 Mil | Securitized |
Government National Mortgage Association | 4.63 | 29.6 Mil | Securitized |
Government National Mortgage Association | 3.51 | 22.4 Mil | Securitized |
Federal National Mortgage Association | 2.36 | 15.1 Mil | Securitized |
Government National Mortgage Association | 2.26 | 14.5 Mil | Securitized |
Government National Mortgage Association | 2.15 | 13.8 Mil | Securitized |
Federal Home Loan Mortgage Corp. | 2.07 | 13.3 Mil | Securitized |
Fnma Pass-Thru I | 2.04 | 13.1 Mil | Securitized |
Government National Mortgage Association | 2.01 | 12.8 Mil | Securitized |