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Morningstar

Principal Core Fixed Income J PIOJX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.28  /  0.61 %
  • Total Assets 9.9 Bil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration 5.93 years

USD | NAV as of Nov 28, 2023 | 1-Day Return as of Nov 28, 2023, 1:49 AM GMT+0

Morningstar’s Analysis PIOJX

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

People Pillar

The People Pillar is our evaluation of the PIOJX 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 PIOJX’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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Portfolio Holdings PIOJX

More PIOJX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 481
  • Other Holdings 9
  • % Assets in Top 10 Holdings 6.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

1.78
171,722,864
—

Fifth Third Bancorp 2.375%

0.58
56,402,216
Corporate

Cards Ii Trust

0.56
54,159,462
Securitized

Biogen Inc 2.25%

0.54
51,780,427
Corporate

Five Corners Funding Trust 4.419%

0.52
50,468,964
Cash and Equivalents

The Bank of New York Mellon Corporation 2.1%

0.50
48,221,237
Corporate

Truist Bank (North Carolina) 2.636%

0.50
48,143,615
Corporate

American Tower Corporation 2.75%

0.50
48,011,315
Corporate

American Honda Finance Corporation 5.8%

0.49
47,344,098
Corporate

Ryder System, Inc. 2.9%

0.49
47,059,903
Corporate