Morningstar

Principal Core Fixed Income Fund R-3 Class PIOOX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.24  /  −0.24 %
  • Total Assets 8.8B
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.900%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.43%
  • Effective Duration 5.84 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis PIOOX

Will PIOOX 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 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.

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 PIOOX

More PIOOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Dec 26

6.76 616M
Government

10 Year Treasury Note Future Dec 26

1.40 127M
Government

AbbVie Inc. 5.05%

0.67 61M
Corporate

Biogen Inc 2.25%

0.65 59M
Corporate

Waste Connections Inc. 5.25%

0.58 53M
Corporate

American Tower Corporation 2.75%

0.58 53M
Corporate

Truist Bank (North Carolina) 4.632%

0.58 52M
Corporate

Ryder System, Inc. 2.9%

0.56 51M
Corporate

PNC Bank National Association Pittsburgh Pennsylvania 2.7%

0.55 50M
Corporate

PFS Financing Corp

0.54 49M
Securitized

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