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.
Principal Equity Income R3 PEIOX
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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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 PEIOX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of PEIOX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A Longtime Comanager Steps Off 2 Principal Funds; Ratings Unchanged
