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Principal Core Fixed Income Instl PIOIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Principal Investment Hub

Morningstar’s Analysis PIOIX

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

  • People Pillar

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

New Manager Joins Principal Core Fixed Income and Short-Term Income, Ratings Unchanged

null Chiayi Tsui

Chiayi Tsui

Analyst Note

Principal is adding depth to its fixed-income team. The firm announced the appointment of fixed-income veteran Michael Goosay as managing director of global fixed income effective Aug. 7, 2023. In this role, he will oversee the firm’s core, core plus, multisector, and short-term income portfolios and comanage Principal Core Fixed Income PIOIX and Principal Short-Term Income PSHIX alongside the current managers.

by Chiayi Tsui
Published on

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