Morningstar

Principal Core Plus Bond Fund R-3 Class PBMMX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.91  /  −0.56 %
  • Total Assets 479.0M
  • Adj. Expense Ratio
    1.020%
  • Expense Ratio 1.010%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.27%
  • Effective Duration 6.02 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:29 AM GMT+0

Morningstar’s Analysis PBMMX

Will PBMMX outperform in the 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 PBMMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Principal Core Plus Bond R3 holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PBMMX

More PBMMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 2 Year Treasury Note

11.90 58M
Government

iShares Broad USD High Yield Corp Bd ETF

4.31 21M
—

Future on 5 Year Treasury Note

3.51 17M
Government

Vanguard Emerging Mkts Govt Bd ETF

2.05 10M
—

Ultra US Treasury Bond Future June 26

1.89 9M
Government

Vanguard Short-Term Corporate Bond ETF

1.58 8M
—

Principal Government Money Market R-6

1.22 6M
—

United States Treasury Bonds

1.09 5M
Government

United States Treasury Bonds

0.88 4M
Government

American Express Credit Account Master Trust

0.85 4M
Securitized

Sponsor Center