Morningstar

Principal Government & High Quality Bond Fund Institutional Class PMRIX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.56  /  −0.35 %
  • Total Assets 493.3M
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.530%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Government Mortgage-Backed Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.20%
  • Effective Duration 5.51 years

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

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.

by Morningstar Automated Analysis
Rated on Published on

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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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