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Morningstar

Principal Core Plus Bond R4 PBMSX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.14  /  0.54 %
  • Total Assets 576.4 Mil
  • Adj. Expense Ratio
    0.890%
  • Expense Ratio 0.890%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.92%
  • Effective Duration 6.04 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis PBMSX

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

People Pillar

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

Weakness in Principal Core Plus Bond R4'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-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PBMSX

More PBMSX Holdings
  • Current Portfolio Date
  • Equity Holdings 3
  • Bond Holdings 788
  • Other Holdings 10
  • % Assets in Top 10 Holdings 29.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

5 Year Treasury Note Future Dec 23

10.38
57,143,339
Government

10 Year Treasury Note Future Dec 23

6.02
33,109,878
Government

ICE CREDIT DEFAULT SWAP

3.09
17,026,346
Derivative

United States Treasury Bonds

2.49
13,698,845
Government

American Express Credit Account Master Trust

2.06
11,319,626
Securitized

Principal Government Money Market R-6

1.91
10,531,128
—

Government National Mortgage Association

1.39
7,632,334
Securitized

United States Treasury Bonds

1.30
7,150,251
Government

Fnma Pass-Thru I

1.24
6,822,965
Securitized

Discover Card Execution Note Trust

1.23
6,752,011
Securitized