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Morningstar

Principal Core Plus Bond Inst PMSIX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.85  /  −0.34 %
  • Total Assets 559.7 Mil
  • Adj. Expense Ratio
    0.480%
  • Expense Ratio 0.480%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.50%
  • Effective Duration 6.20 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:22 PM GMT+0

Morningstar’s Analysis PMSIX

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

  • People Pillar

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

Weakness in Principal Core Plus Bond Inst's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PMSIX

More PMSIX 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