Principal has tried to provide the experienced managers leading Principal Core Fixed Income with additional support, but a still-small team and above-average fees ultimately give us pause. It earns a Morningstar Analyst Rating of Neutral on its cheaper share classes, while its more expensive share classes earn a Negative.
Will PIOJX 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 PIOJX’s performance objective and investment process is for both security selection and portfolio construction.
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.
The Parent Pillar is our rating of PIOJX’s parent organization’s priorities and whether they’re in line with investors’ interests.