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Morningstar

Principal Government & High Qual Bd J PMRJX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.64  /  +0.59 %
  • Total Assets 640.2 Mil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.930%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.60%
  • Effective Duration 6.11 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 12:14 AM GMT+0

Morningstar’s Analysis PMRJX

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

  • People Pillar

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

Weakness in Principal Government& High Qual Bd J's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

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 PMRJX

More PMRJX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association

4.77 31.6 Mil
Securitized

Government National Mortgage Association

3.40 22.5 Mil
Securitized

Government National Mortgage Association

3.23 21.4 Mil
Securitized

Cash Offset

2.86 18.9 Mil
—

Future on 2 Year Treasury Note

2.59 17.2 Mil
Government

Federal National Mortgage Association

2.31 15.3 Mil
Securitized

Government National Mortgage Association

2.23 14.8 Mil
Securitized

Government National Mortgage Association

2.15 14.2 Mil
Securitized

Federal Home Loan Mortgage Corp.

2.10 13.9 Mil
Securitized

Fnma Pass-Thru I

2.08 13.8 Mil
Securitized