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Morningstar

Principal Inflation Protection J PIPJX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 7.32  /  +0.27 %
  • Total Assets 1.9 Bil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Inflation-Protected Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.42%
  • Effective Duration 6.73 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PIPJX

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

  • People Pillar

    The People Pillar is our evaluation of the PIPJX 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 PIPJX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Principal Inflation Protection J boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PIPJX

More PIPJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

RECV OIS INTEREST RATE SW Receive

19.77 371.4 Mil
Government

RECV OIS INTEREST RATE SW Receive

19.77 371.4 Mil
Government

RECV OIS INTEREST RATE SW Receive

19.77 371.4 Mil
Government

RECV OIS INTEREST RATE SW Receive

19.77 371.4 Mil
Government

RECV OIS INTEREST RATE SW Receive

19.48 366.0 Mil
Government

1 Year Interest Rate Swap Pay

8.81 165.5 Mil
Government

Cash Offset

6.74 126.6 Mil
—

1 Year Interest Rate Swap Pay

4.42 83.0 Mil
Government

United States Treasury Notes

3.90 73.3 Mil
Government

United States Treasury Notes

3.64 68.4 Mil
Government