Principal Core Fixed Income's experienced portfolio managers and upgraded data tools drive decision-making for this credit-focused core bond offering; however, meaningful turnover among the credit research and trading ranks warrant caution. This strategy earns a Morningstar Analyst Rating of Neutral across all share classes except for the most expensive ones, which are rated Negative.
- NAV / 1-Day Return 8.50 / 0.36 %
- Total Assets 10.1 Bil
-
Adj. Expense Ratio
0.470%
- Expense Ratio 0.470%
- Distribution Fee Level Average
- Share Class Type Institutional
- Category Intermediate Core Bond
- Credit Quality / Interest Rate Sensitivity Medium / Moderate
- Min. Initial Investment 0
- Status Open
- TTM Yield 2.97%
- Effective Duration 6.38 years
Morningstar’s Analysis PIOIX
Will PIOIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 1
- Bond Holdings 478
- Other Holdings 8
- % Assets in Top 10 Holdings 7.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Principal Government Money Market R-6
3.32
343,879,833
—
Biogen Inc 2.25%
0.54
56,042,237
Corporate
Fifth Third Bancorp 2.375%
0.54
55,878,630
Corporate
Cards Ii Trust
0.51
53,026,368
Securitized
Five Corners Funding Trust 4.419%
0.48
50,173,167
Corporate
Fnma Pass-Thru I
0.48
49,626,905
Securitized
American Tower Corporation 2.75%
0.48
49,550,780
Corporate
PPL Electric Utilities Corporation 5.25%
0.48
49,358,391
Corporate
Interstate Power & Light Company 3.5%
0.48
49,290,767
Corporate
Truist Bank (North Carolina) 2.636%
0.47
48,901,108
Corporate