Morningstar

Principal Government & High Qual Bd R1 PMGRX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.23  /  +0.01 %
  • Total Assets 702.4 Mil
  • Adj. Expense Ratio
    1.290%
  • Expense Ratio 1.290%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 0
  • Status Limited
  • TTM Yield 2.23%
  • Effective Duration 5.26 years

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

Morningstar’s Analysis PMGRX

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

  • People Pillar

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

The combination of an Average People Pillar rating and a Low Process Pillar rating limit Principal Government& High Qual Bd R1 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 PMGRX

More PMGRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

14.08 98.2 Mil
—

Federal National Mortgage Association

7.11 49.5 Mil
Securitized

Government National Mortgage Association

4.32 30.1 Mil
Securitized

Federal National Mortgage Association

4.02 28.0 Mil
Securitized

Federal National Mortgage Association

3.92 27.4 Mil
Securitized

Government National Mortgage Association

2.23 15.6 Mil
Securitized

Government National Mortgage Association

2.07 14.4 Mil
Securitized

Federal Home Loan Mortgage Corp.

2.02 14.1 Mil
Securitized

Government National Mortgage Association

2.00 13.9 Mil
Securitized

Fnma Pass-Thru I

1.97 13.8 Mil
Securitized

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