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Morningstar

Principal Core Fixed Income R3 PIOOX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.26  /  0.39 %
  • Total Assets 9.9 Bil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.950%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.64%
  • Effective Duration 6.20 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 11:58 PM GMT+0

Morningstar’s Analysis PIOOX

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

People Pillar

The People Pillar is our evaluation of the PIOOX 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 PIOOX’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 PIOOX

More PIOOX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 476
  • Other Holdings 7
  • % Assets in Top 10 Holdings 8.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

3.77
379,953,578
—

Fifth Third Bancorp 2.375%

0.56
56,270,568
Corporate

Biogen Inc 2.25%

0.54
53,997,303
Corporate

Cards Ii Trust

0.53
53,740,420
Securitized

Five Corners Funding Trust 4.419%

0.50
49,945,079
Cash and Equivalents

Truist Bank (North Carolina) 2.636%

0.49
49,001,122
Corporate

American Tower Corporation 2.75%

0.48
48,630,081
Corporate

The Bank of New York Mellon Corporation 2.1%

0.48
48,569,716
Corporate

Ryder System, Inc. 2.9%

0.47
47,331,143
Corporate

Interstate Power & Light Company 3.5%

0.47
47,296,707
Corporate