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Morningstar

PPM Core Plus Fixed Income Institutional PKPIX

Morningstar Medalist Rating
Medalist Rating as of | See Ppm America Investment Hub
  • NAV / 1-Day Return 8.47  /  −0.22 %
  • Total Assets 35.1 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.05%
  • Effective Duration 6.47 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 9:54 PM GMT+0

Morningstar’s Analysis PKPIX

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

  • People Pillar

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

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit PPM Core Plus Fixed Income Institutional to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PKPIX

More PKPIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 2.875%

2.53 919,351
Government

State Street Instl US Govt MMkt Premier

1.80 652,762
Cash and Equivalents

United States Treasury Bills 0%

1.48 536,357
Government

United States Treasury Notes 3.5%

1.18 428,181
Government

Federal National Mortgage Association 3%

1.10 397,930
Securitized

United States Treasury Notes 1.375%

0.90 326,607
Government

United States Treasury Bonds 3.75%

0.89 323,283
Government

United States Treasury Notes 1.5%

0.88 321,180
Government

The Bank of New York Mellon Corporation 6.474%

0.78 282,228
Corporate

Government National Mortgage Association 2.5%

0.76 274,303
Securitized