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Investment Type: pifretail

Finisterre Unconstrained Emerging Markets Bond Fund (A) (PFUEX)

Class A | Class I

Quick Facts

Emerging Markets Bond

Investment Strategy

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The investment seeks to generate total returns from current income and capital appreciation. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds and other fixed-income securities that are tied economically to an emerging market country, and in derivatives on such investments. It uses derivatives to enhance return and to hedge and manage investment risks. The fund is non-diversified.

Morningstar Style Box™

  as of 04/30/2019
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

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Out of Funds

Star Rating Not Rated

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.

Month-End | Quarter-End
Average Annual Total Returns as of 05/31/2019
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Excluding Sales Charge % 0.25 0.69 5.70 4.90 --- --- --- 5.40
Including Sales Charge % -3.52 -3.10 1.77 0.94 --- --- --- 4.01
Finisterre Unconstrained Emerging Markets Bond Blended Index % 0.40 1.14 5.73 5.08 --- --- --- ---
Emerging Markets Bond Category % 0.19 1.23 6.02 4.53 5.01 2.60 6.97 ---
Morningstar Percentile Rankings** --- --- --- 51 --- --- --- ---
# of Funds in Category 318 317 317 293 236 178 48 ---
**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


  as of 05/31/2019
Total Investment Expense - Gross: 3.91%
Total Investment Expense - Net: 1.20%
Contractual Cap Date: 02/28/2021
Maximum Up-front Sales Charge: 3.75%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%

Inv Manager or Sub-Advisor

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Finisterre Capital LLP

Portfolio Managers

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Damien Buchet , CFA
Since 07/11/2016
B.A./B.S. , EDHEC school of Business Administration

Arthur Duchon-Doris
Since 07/11/2016
M.S. , EDHEC Business School

Christopher Watson , CFA
Since 07/11/2016
M.B.A. , IMD Lansanne

2019 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The full name of this investment option is Principal Finisterre Unconstrained Emer Mkts Bond Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency