Morningstar

Principal Government & High Quality Bond Fund Institutional Class PMRIX

Morningstar Medalist Rating
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Medalist Rating as of See Principal Investment Hub
  • NAV / 1-Day Return —  /  —
  • Fund Size $493.9M
  • Adjusted Expense Ratio 0.530%
  • Net Expense Ratio 0.530%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Government Mortgage-Backed Bond
  • Fixed-Income Style Box (Funds) High/Moderate
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 4.20%
  • Average Effective Duration 5.74 yrs

Morningstar’s Analysis PMRIX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Principal Government & High Qual Bd Inst holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings PMRIX

More PMRIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −9.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

22.21 116M
—

Government National Mortgage Association

2.43 13M
Securitized

Government National Mortgage Association

2.01 10M
Securitized

Federal Home Loan Mortgage Corp.

1.76 9M
Securitized

Federal National Mortgage Association

1.70 9M
Securitized

Federal Home Loan Mortgage Corp.

1.70 9M
Securitized

Government National Mortgage Association

1.70 9M
Securitized

Federal National Mortgage Association

1.57 8M
Securitized

Federal Home Loan Mortgage Corp.

1.56 8M
Securitized

Federal National Mortgage Association

1.55 8M
Securitized

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