Principal Core Fixed Income is led by an experienced team, but recent team changes and process enhancements suggest a wait-and-see approach. It earns a Morningstar Analyst Rating of Neutral on its cheaper share classes, while its more expensive share classes earn a Negative.
Will CMPIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CMPIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CMPIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of CMPIX’s parent organization’s priorities and whether they’re in line with investors’ interests.