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Morningstar

Principal Government & High Qual Bd R3 PRCMX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 8.75  /  0.45 %
  • Total Assets 660.1 Mil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.53%
  • Effective Duration 6.07 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 1:30 AM GMT+0

Morningstar’s Analysis PRCMX

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

People Pillar

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

Weakness in Principal Government& High Qual Bd R3'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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PRCMX

More PRCMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 366
  • Other Holdings 9
  • % Assets in Top 10 Holdings 23.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association

3.21
19,953,815
Securitized

Government National Mortgage Association

2.71
16,850,416
Securitized

United States Treasury Bills

2.39
14,873,650
Government

Government National Mortgage Association

2.31
14,353,933
Securitized

Federal National Mortgage Association

2.29
14,226,562
Securitized

Government National Mortgage Association

2.22
13,814,644
Securitized

Federal Home Loan Mortgage Corporation

2.15
13,379,350
Securitized

Fnma Pass-Thru I

2.11
13,097,871
Securitized

Government National Mortgage Association

2.09
13,030,354
Securitized

10 Year Treasury Note Future Dec 23

2.04
12,693,774
Government