On June 26, 2020, Principal SystematEx International Fund PSTMX will merge with the institutional and R6 share classes of Principal Diversified International Fund. Paul Blankenhagen and Juliet Cohn, comanagers of Principal Diversified International, which has a Morningstar Analyst Rating of Bronze, will remain in charge. The merger will not change the process of Diversified International and does not affect its Analyst Rating.
Will PIIIX 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 PIIIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PIIIX 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 PIIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The Price Pillar compares PIIIX’s fees to similar funds, determining whether or not the fund provides a good value proposition.
The Performance Pillar is our evaluation of whether PIIIX’s returns have been the result of chance or a proven, long-term process and compares the fund with its category or benchmark.