Morningstar

Principal Core Plus Bond Fund Institutional Class PMSIX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.95  /  −0.22 %
  • Total Assets 467.7M
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.480%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.80%
  • Effective Duration 6.02 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 10:13 PM GMT+0

Morningstar’s Analysis PMSIX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Principal Core Plus Bond 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 PMSIX

More PMSIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 26

9.97 48M
Government

5 Year Treasury Note Future Sept 26

6.61 32M
Government

iShares Broad USD High Yield Corp Bd ETF

4.39 21M
—

Principal Government Money Market R-6

2.49 12M
—

Vanguard Emerging Mkts Govt Bd ETF

2.11 10M
—

Ultra US Treasury Bond Future Sept 26

1.88 9M
Government

Vanguard Short-Term Corporate Bond ETF

1.62 8M
—

United States Treasury Bonds

1.13 5M
Government

United States Treasury Bonds

0.91 4M
Government

American Express Credit Account Master Trust

0.87 4M
Securitized

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