Morningstar

Principal Core Plus Bond R4 PBMSX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.53  /  0.00
  • Total Assets 573.3 Mil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 0
  • Status Limited
  • TTM Yield 3.52%
  • Effective Duration 5.85 years

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 12:14 AM GMT+0

Morningstar’s Analysis PBMSX

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

  • People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Principal Core Plus Bond R4 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 PBMSX

More PBMSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 5 Year Treasury Note

9.73 55.5 Mil
Government

10 Year Treasury Note Future Dec 24

3.41 19.5 Mil
Government

Principal Government Money Market R-6

2.95 16.8 Mil
—

United States Treasury Bills

2.57 14.7 Mil
Government

Ultra 10 Year US Treasury Note Future Dec 24

2.21 12.6 Mil
Government

Federal National Mortgage Association

2.14 12.2 Mil
Securitized

Government National Mortgage Association

1.94 11.1 Mil
Securitized

Government National Mortgage Association

1.53 8.8 Mil
Securitized

Federal National Mortgage Association

1.49 8.5 Mil
Securitized

Government National Mortgage Association

1.25 7.1 Mil
Securitized

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