Morningstar

Principal Government & High Qual Bd Inst PMRIX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 9.12  /  −0.84 %
  • Total Assets 699.2 Mil
  • Adj. Expense Ratio
    0.530%
  • Expense Ratio 0.530%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.90%
  • Effective Duration 5.26 years

USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:29 PM GMT+0

Morningstar’s Analysis PMRIX

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

  • People Pillar

    The People Pillar is our evaluation of the PMRIX 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 PMRIX’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 Inst to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings PMRIX

More PMRIX 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
—

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4.32 30.1 Mil
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4.02 28.0 Mil
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Federal National Mortgage Association

3.92 27.4 Mil
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Government National Mortgage Association

2.23 15.6 Mil
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Government National Mortgage Association

2.07 14.4 Mil
Securitized

Federal Home Loan Mortgage Corp.

2.02 14.1 Mil
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Government National Mortgage Association

2.00 13.9 Mil
Securitized

Fnma Pass-Thru I

1.97 13.8 Mil
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