Principal Core Fixed Income has bolstered its ranks with an additional manager, but personnel changes and a corporate credit-heavy approach limit the strategy’s appeal.
Principal Core Fixed Income R6 PICNX
- NAV / 1-Day Return 8.70 / −0.66 %
- Total Assets 11.2 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.350%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Large
- Category Intermediate Core Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment 0
- Status Open
- TTM Yield 3.41%
- Effective Duration 5.99 years
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0
Morningstar’s Analysis PICNX
Will PICNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 7.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Future on 2 Year Treasury Note | 2.07 | 228.1 Mil | Government |
Principal Government Money Market R-6 | 1.02 | 112.4 Mil | — |
AbbVie Inc. 5.05% | 0.58 | 63.4 Mil | Corporate |
Fifth Third Bancorp 2.375% | 0.53 | 58.4 Mil | Corporate |
Biogen Inc 2.25% | 0.53 | 57.9 Mil | Corporate |
PPL Electric Utilities Corporation 5.25% | 0.48 | 53.0 Mil | Corporate |
Truist Bank (North Carolina) 2.636% | 0.48 | 52.5 Mil | Corporate |
American Tower Corporation 2.75% | 0.46 | 50.9 Mil | Corporate |
The Bank of New York Mellon Corp. 2.1% | 0.46 | 50.1 Mil | Cash and Equivalents |
Ryder System, Inc. 2.9% | 0.45 | 49.6 Mil | Corporate |