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Principal Core Fixed Income R1 PIOMX

Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.30  /  +0.14 %
  • Total Assets 10.5 Bil
  • Adj. Expense Ratio
    1.230%
  • Expense Ratio 1.230%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment
  • Status Limited
  • TTM Yield 2.51%
  • Effective Duration 6.08 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0

Morningstar’s Analysis PIOMX

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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.

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Portfolio Holdings PIOMX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 5.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

1.16 125.8 Mil

AbbVie Inc. 5.05%

0.56 61.0 Mil
Corporate

Fifth Third Bancorp 2.375%

0.53 57.7 Mil
Corporate

Biogen Inc 2.25%

0.51 55.5 Mil
Corporate

Cards Ii Trust

0.51 55.4 Mil
Securitized

PPL Electric Utilities Corporation 5.25%

0.48 52.3 Mil
Corporate

Truist Bank (North Carolina) 2.636%

0.46 50.0 Mil
Corporate

American Tower Corporation 2.75%

0.46 49.9 Mil
Corporate

The Bank of New York Mellon Corp. 2.1%

0.46 49.5 Mil
Corporate

American Honda Finance Corporation 5.8%

0.45 48.7 Mil
Corporate