Morningstar

Principal Core Fixed Income Fund Institutional Class PIOIX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $8.36  /  +0.24 %
  • Fund Size $8.9B
  • Adjusted Expense Ratio 0.430%
  • Net Expense Ratio 0.430%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Intermediate Core Bond
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.94%
  • Average Effective Duration 5.78 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PIOIX

Will PIOIX outperform in the 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.

A credit-focused core bond strategy.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

An experienced lead manager guides Principal Core Fixed Income’s straightforward, credit-focused approach. The team applies the same investment process across both the open-end fund and the institutional separate account.

by River Meng
Rated on Published on

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Portfolio Holdings PIOIX

More PIOIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Dec 26

4.60 402M
Government

Principal Government Money Market R-6

2.22 194M
—

10 Year Treasury Note Future Dec 26

1.36 119M
Government

Biogen Inc 2.25%

0.67 58M
Corporate

AbbVie Inc. 5.05%

0.66 57M
Corporate

American Tower Corporation 2.75%

0.61 53M
Corporate

Ryder System, Inc. 2.9%

0.59 51M
Cash and Equivalents

Truist Bank (North Carolina) 4.632%

0.58 51M
Corporate

Waste Connections Inc. 5.25%

0.57 50M
Corporate

PFS Financing Corp

0.57 49M
Securitized

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