On Jan. 5, 2021, Principal announced that veteran manager Dave Simpson is no longer a named manager on Principal Equity Income and Principal Small-MidCap Dividend Income and will retire during 2021’s first quarter. Both strategies still have the experienced Dan Coleman at the helm, however, and his new comanager on both funds is a familiar face. As such, the funds retain their Morningstar Analyst Ratings.
Will PEIOX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PEIOX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PEIOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PEIOX’s parent organization’s priorities and whether they’re in line with investors’ interests.