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.
Principal Core Fixed Income A CMPIX
NAV / 1-Day Return
8.95
/
0.34
%
Total Assets
10.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.740%
Expense Ratio
0.740%
Fee Level
Below Average
Longest Manager Tenure
17.23
years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
1,000
Status
Open
TTM Yield
2.18%
Effective Duration
6.18
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CMPIX 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 CMPIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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
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.
