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Principal Core Fixed Income A CMPIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.06  /  0.08 %
Total Assets
10.6 Bil
Adj. Expense Ratio
0.790%
Expense Ratio
0.790%
Fee Level
Average
Longest Manager Tenure
16.55 years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
1.94%
Effective Duration
6.08 years

USD | NAV as of Sep 17, 2021 | 1-Day Return as of Sep 17, 2021, 10:13 PM GMT+00:00

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Morningstar’s Analysis

Will CMPIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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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.

People Pillar

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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.

Parent Pillar

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The Parent Pillar is our rating of CMPIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Despite a recent shift in mandate, this corporate-focused approach lacks a clear edge.

Analyst

Summary

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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.

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