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Principal Core Fixed Income A CMPIX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.00  /  0.01 %
Total Assets
10.5 Bil
Adj. Expense Ratio
0.790%
Expense Ratio
0.790%
Fee Level
Average
Longest Manager Tenure
16.29 years
Category
Intermediate Core Bond
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.02%
Effective Duration
5.96 years

USD | NAV as of Jun 15, 2021 | 1-Day Return as of Jun 15, 2021, 10:07 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.

Wait and see how this strategy fares under its new, more conservative mandate.

Analyst

Summary

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Principal has tried to provide the experienced managers leading Principal Core Fixed Income with additional support, but a still-small team and above-average fees ultimately give us pause. 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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