Government & High Quality Bond Fund (f/k/a Mortgage Securities Fund)
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.87
$638 M
2.08%
$0.18
1.38%
Vitals
YTD Return
-1.4%
1 yr return
-0.8%
3 Yr Avg Return
-4.2%
5 Yr Avg Return
-1.6%
Net Assets
$638 M
Holdings in Top 10
23.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.38%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 343.70%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.87
$638 M
2.08%
$0.18
1.38%
PMGRX - Profile
Distributions
- YTD Total Return -1.4%
- 3 Yr Annualized Total Return -4.2%
- 5 Yr Annualized Total Return -1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.19%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGovernment & High Quality Bond Fund (f/k/a Mortgage Securities Fund)
-
Fund Family NamePrincipal Funds
-
Inception DateDec 16, 2008
-
Shares OutstandingN/A
-
Share ClassR1
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBryan Davis
Fund Description
PMGRX - Performance
Return Ranking - Trailing
Period | PMGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -2.2% | 9.8% | 77.09% |
1 Yr | -0.8% | -3.8% | 37.4% | 60.35% |
3 Yr | -4.2%* | -7.9% | 11.7% | 93.36% |
5 Yr | -1.6%* | -5.4% | 3.4% | 96.73% |
10 Yr | -0.1%* | -1.9% | 3.5% | 87.95% |
* Annualized
Return Ranking - Calendar
Period | PMGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.7% | -1.0% | 22.1% | 21.05% |
2022 | -13.4% | -20.4% | -5.8% | 42.73% |
2021 | -2.9% | -7.1% | 16.6% | 42.34% |
2020 | 0.5% | -1.3% | 8.8% | 98.14% |
2019 | 3.5% | 0.3% | 7.1% | 43.40% |
Total Return Ranking - Trailing
Period | PMGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.4% | -2.2% | 9.8% | 77.09% |
1 Yr | -0.8% | -3.8% | 37.4% | 60.35% |
3 Yr | -4.2%* | -7.9% | 11.7% | 93.36% |
5 Yr | -1.6%* | -5.4% | 3.4% | 96.73% |
10 Yr | -0.1%* | -1.9% | 3.5% | 87.95% |
* Annualized
Total Return Ranking - Calendar
Period | PMGRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -0.5% | 28.8% | 56.58% |
2022 | -12.5% | -18.5% | -3.3% | 73.57% |
2021 | -2.3% | -4.5% | 25.3% | 74.77% |
2020 | 2.1% | -1.3% | 13.0% | 99.53% |
2019 | 5.8% | 1.8% | 11.3% | 55.19% |
NAV & Total Return History
PMGRX - Holdings
Concentration Analysis
PMGRX | Category Low | Category High | PMGRX % Rank | |
---|---|---|---|---|
Net Assets | 638 M | 9.79 M | 113 B | 57.89% |
Number of Holdings | 374 | 18 | 12861 | 50.44% |
Net Assets in Top 10 | 146 M | 5.49 M | 43.7 B | 60.96% |
Weighting of Top 10 | 23.44% | 6.3% | 115.2% | 77.19% |
Top 10 Holdings
- Ginnie Mae 3.21%
- Ginnie Mae 2.71%
- United States Treasury Bill 2.39%
- Ginnie Mae II Pool 2.30%
- Fannie Mae or Freddie Mac 2.29%
- Ginnie Mae II Pool 2.21%
- Freddie Mac Pool 2.15%
- Fannie Mae Pool 2.10%
- Ginnie Mae II Pool 2.09%
- Ginnie Mae II Pool 1.97%
Asset Allocation
Weighting | Return Low | Return High | PMGRX % Rank | |
---|---|---|---|---|
Bonds | 102.02% | 0.08% | 167.02% | 45.61% |
Other | 8.45% | -26.81% | 18.17% | 3.51% |
Cash | 0.61% | -29.69% | 22.63% | 73.68% |
Stocks | 0.00% | 0.00% | 96.75% | 21.49% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 17.98% |
Convertible Bonds | 0.00% | 0.00% | 3.29% | 19.74% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PMGRX % Rank | |
---|---|---|---|---|
Securitized | 79.37% | 0.00% | 99.79% | 29.39% |
Government | 8.02% | 0.00% | 100.00% | 67.11% |
Cash & Equivalents | 0.61% | -29.63% | 33.75% | 64.91% |
Corporate | 0.00% | 0.00% | 9.48% | 42.11% |
Municipal | 0.00% | 0.00% | 5.24% | 33.77% |
Derivative | -0.51% | -20.68% | 6.72% | 95.18% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PMGRX % Rank | |
---|---|---|---|---|
US | 102.02% | 0.08% | 167.02% | 45.61% |
Non US | 0.00% | 0.00% | 12.01% | 20.18% |
PMGRX - Expenses
Operational Fees
PMGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.38% | 0.03% | 3.55% | 14.98% |
Management Fee | 0.49% | 0.00% | 0.85% | 81.14% |
12b-1 Fee | 0.35% | 0.00% | 1.00% | 56.07% |
Administrative Fee | 0.28% | 0.01% | 0.45% | 96.23% |
Sales Fees
PMGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.50% | N/A |
Trading Fees
PMGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PMGRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 343.70% | 3.35% | 948.00% | 72.92% |
PMGRX - Distributions
Dividend Yield Analysis
PMGRX | Category Low | Category High | PMGRX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.08% | 0.00% | 4.68% | 92.11% |
Dividend Distribution Analysis
PMGRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
PMGRX | Category Low | Category High | PMGRX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.19% | -0.80% | 2.96% | 92.95% |
Capital Gain Distribution Analysis
PMGRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.015 | DailyAccrualFund |
Jan 31, 2024 | $0.017 | DailyAccrualFund |
Dec 29, 2023 | $0.021 | DailyAccrualFund |
Nov 30, 2023 | $0.017 | DailyAccrualFund |
Oct 31, 2023 | $0.015 | DailyAccrualFund |
Sep 29, 2023 | $0.017 | DailyAccrualFund |
Aug 31, 2023 | $0.016 | DailyAccrualFund |
Jul 31, 2023 | $0.016 | DailyAccrualFund |
Jun 30, 2023 | $0.018 | DailyAccrualFund |
May 31, 2023 | $0.016 | DailyAccrualFund |
Apr 28, 2023 | $0.014 | DailyAccrualFund |
Mar 31, 2023 | $0.017 | DailyAccrualFund |
Feb 28, 2023 | $0.014 | DailyAccrualFund |
Jan 31, 2023 | $0.015 | DailyAccrualFund |
Dec 30, 2022 | $0.018 | DailyAccrualFund |
Nov 30, 2022 | $0.015 | DailyAccrualFund |
Oct 31, 2022 | $0.001 | DailyAccrualFund |
Sep 30, 2022 | $0.005 | DailyAccrualFund |
Aug 31, 2022 | $0.008 | DailyAccrualFund |
Jul 29, 2022 | $0.007 | DailyAccrualFund |
Jun 30, 2022 | $0.008 | DailyAccrualFund |
May 31, 2022 | $0.008 | DailyAccrualFund |
Apr 29, 2022 | $0.008 | DailyAccrualFund |
Mar 31, 2022 | $0.008 | DailyAccrualFund |
Feb 28, 2022 | $0.006 | DailyAccrualFund |
Jan 31, 2022 | $0.006 | DailyAccrualFund |
Dec 31, 2021 | $0.007 | DailyAccrualFund |
Nov 30, 2021 | $0.007 | DailyAccrualFund |
Oct 29, 2021 | $0.004 | DailyAccrualFund |
Sep 30, 2021 | $0.004 | DailyAccrualFund |
Aug 31, 2021 | $0.005 | DailyAccrualFund |
Jul 30, 2021 | $0.003 | DailyAccrualFund |
Jun 30, 2021 | $0.003 | DailyAccrualFund |
May 28, 2021 | $0.003 | DailyAccrualFund |
Apr 30, 2021 | $0.005 | DailyAccrualFund |
Mar 31, 2021 | $0.003 | DailyAccrualFund |
Feb 26, 2021 | $0.006 | DailyAccrualFund |
Jan 29, 2021 | $0.008 | DailyAccrualFund |
Dec 31, 2020 | $0.010 | DailyAccrualFund |
Nov 30, 2020 | $0.011 | DailyAccrualFund |
Oct 30, 2020 | $0.012 | DailyAccrualFund |
Sep 30, 2020 | $0.010 | DailyAccrualFund |
Aug 31, 2020 | $0.010 | DailyAccrualFund |
Jul 31, 2020 | $0.012 | DailyAccrualFund |
Jun 30, 2020 | $0.012 | DailyAccrualFund |
May 29, 2020 | $0.014 | DailyAccrualFund |
Apr 30, 2020 | $0.016 | DailyAccrualFund |
Mar 31, 2020 | $0.016 | DailyAccrualFund |
Feb 28, 2020 | $0.016 | DailyAccrualFund |
Jan 31, 2020 | $0.018 | DailyAccrualFund |
Dec 31, 2019 | $0.018 | DailyAccrualFund |
Nov 29, 2019 | $0.018 | DailyAccrualFund |
Oct 31, 2019 | $0.017 | DailyAccrualFund |
Sep 30, 2019 | $0.015 | DailyAccrualFund |
Aug 30, 2019 | $0.018 | DailyAccrualFund |
Jul 31, 2019 | $0.018 | DailyAccrualFund |
Jun 28, 2019 | $0.017 | DailyAccrualFund |
May 31, 2019 | $0.020 | DailyAccrualFund |
Apr 30, 2019 | $0.018 | DailyAccrualFund |
Mar 29, 2019 | $0.018 | DailyAccrualFund |
Feb 28, 2019 | $0.014 | DailyAccrualFund |
Jan 31, 2019 | $0.018 | DailyAccrualFund |
Dec 31, 2018 | $0.018 | DailyAccrualFund |
Nov 30, 2018 | $0.019 | DailyAccrualFund |
Oct 31, 2018 | $0.018 | DailyAccrualFund |
Aug 31, 2018 | $0.020 | DailyAccrualFund |
Jul 31, 2018 | $0.019 | DailyAccrualFund |
Jun 29, 2018 | $0.019 | DailyAccrualFund |
May 31, 2018 | $0.020 | DailyAccrualFund |
Apr 30, 2018 | $0.018 | DailyAccrualFund |
Mar 29, 2018 | $0.027 | DailyAccrualFund |
Feb 28, 2018 | $0.017 | DailyAccrualFund |
Jan 31, 2018 | $0.019 | DailyAccrualFund |
Dec 29, 2017 | $0.020 | DailyAccrualFund |
Nov 30, 2017 | $0.018 | DailyAccrualFund |
Oct 31, 2017 | $0.005 | DailyAccrualFund |
Sep 29, 2017 | $0.020 | DailyAccrualFund |
Aug 31, 2017 | $0.026 | DailyAccrualFund |
Jul 31, 2017 | $0.026 | DailyAccrualFund |
Jun 30, 2017 | $0.029 | DailyAccrualFund |
May 31, 2017 | $0.029 | DailyAccrualFund |
Apr 28, 2017 | $0.028 | DailyAccrualFund |
Mar 31, 2017 | $0.032 | DailyAccrualFund |
Feb 28, 2017 | $0.027 | DailyAccrualFund |
Jan 31, 2017 | $0.028 | DailyAccrualFund |
Dec 30, 2016 | $0.033 | DailyAccrualFund |
Nov 30, 2016 | $0.029 | DailyAccrualFund |
Oct 31, 2016 | $0.024 | DailyAccrualFund |
Sep 30, 2016 | $0.031 | DailyAccrualFund |
Aug 31, 2016 | $0.029 | DailyAccrualFund |
Jul 29, 2016 | $0.030 | DailyAccrualFund |
Jun 30, 2016 | $0.029 | DailyAccrualFund |
May 31, 2016 | $0.028 | DailyAccrualFund |
Apr 29, 2016 | $0.028 | DailyAccrualFund |
Mar 31, 2016 | $0.028 | DailyAccrualFund |
Feb 29, 2016 | $0.026 | DailyAccrualFund |
Jan 29, 2016 | $0.024 | DailyAccrualFund |
Dec 31, 2015 | $0.031 | DailyAccrualFund |
Nov 30, 2015 | $0.026 | DailyAccrualFund |
Oct 30, 2015 | $0.027 | DailyAccrualFund |
Sep 30, 2015 | $0.023 | DailyAccrualFund |
Aug 31, 2015 | $0.022 | DailyAccrualFund |
Jul 31, 2015 | $0.023 | DailyAccrualFund |
Jun 30, 2015 | $0.021 | DailyAccrualFund |
May 29, 2015 | $0.021 | DailyAccrualFund |
Apr 30, 2015 | $0.019 | DailyAccrualFund |
Mar 31, 2015 | $0.018 | DailyAccrualFund |
Feb 27, 2015 | $0.017 | DailyAccrualFund |
Jan 30, 2015 | $0.019 | DailyAccrualFund |
Dec 31, 2014 | $0.019 | DailyAccrualFund |
Nov 28, 2014 | $0.016 | DailyAccrualFund |
Oct 31, 2014 | $0.021 | DailyAccrualFund |
Sep 30, 2014 | $0.020 | DailyAccrualFund |
Aug 29, 2014 | $0.022 | DailyAccrualFund |
Jul 31, 2014 | $0.022 | DailyAccrualFund |
Jun 30, 2014 | $0.021 | DailyAccrualFund |
May 30, 2014 | $0.023 | DailyAccrualFund |
Apr 30, 2014 | $0.022 | DailyAccrualFund |
Mar 31, 2014 | $0.021 | DailyAccrualFund |
Feb 28, 2014 | $0.020 | DailyAccrualFund |
Jan 31, 2014 | $0.023 | DailyAccrualFund |
Dec 31, 2013 | $0.023 | DailyAccrualFund |
Nov 29, 2013 | $0.024 | DailyAccrualFund |
Oct 31, 2013 | $0.020 | DailyAccrualFund |
Sep 30, 2013 | $0.019 | DailyAccrualFund |
Aug 30, 2013 | $0.024 | DailyAccrualFund |
Jul 31, 2013 | $0.023 | DailyAccrualFund |
Jun 28, 2013 | $0.020 | DailyAccrualFund |
May 31, 2013 | $0.024 | DailyAccrualFund |
Apr 30, 2013 | $0.022 | DailyAccrualFund |
Mar 28, 2013 | $0.023 | DailyAccrualFund |
Feb 28, 2013 | $0.021 | DailyAccrualFund |
Jan 31, 2013 | $0.023 | DailyAccrualFund |
Dec 31, 2012 | $0.024 | DailyAccrualFund |
Nov 30, 2012 | $0.023 | DailyAccrualFund |
Oct 31, 2012 | $0.024 | DailyAccrualFund |
Sep 28, 2012 | $0.023 | DailyAccrualFund |
Aug 31, 2012 | $0.030 | DailyAccrualFund |
Jul 31, 2012 | $0.028 | DailyAccrualFund |
Jun 29, 2012 | $0.030 | DailyAccrualFund |
May 31, 2012 | $0.030 | DailyAccrualFund |
Apr 30, 2012 | $0.028 | DailyAccrualFund |
Mar 30, 2012 | $0.031 | DailyAccrualFund |
Feb 29, 2012 | $0.028 | DailyAccrualFund |
Jan 31, 2012 | $0.029 | DailyAccrualFund |
Dec 30, 2011 | $0.034 | DailyAccrualFund |
Nov 30, 2011 | $0.029 | DailyAccrualFund |
Oct 31, 2011 | $0.023 | DailyAccrualFund |
Sep 30, 2011 | $0.027 | DailyAccrualFund |
Aug 31, 2011 | $0.027 | DailyAccrualFund |
Jul 29, 2011 | $0.029 | DailyAccrualFund |
Jun 30, 2011 | $0.029 | DailyAccrualFund |
May 31, 2011 | $0.029 | DailyAccrualFund |
Apr 29, 2011 | $0.032 | DailyAccrualFund |
Mar 31, 2011 | $0.031 | DailyAccrualFund |
Feb 28, 2011 | $0.028 | DailyAccrualFund |
Jan 31, 2011 | $0.031 | DailyAccrualFund |
Dec 31, 2010 | $0.043 | DailyAccrualFund |
Nov 30, 2010 | $0.032 | DailyAccrualFund |
Oct 29, 2010 | $0.031 | DailyAccrualFund |
Sep 30, 2010 | $0.030 | DailyAccrualFund |
Aug 31, 2010 | $0.031 | DailyAccrualFund |
Jul 30, 2010 | $0.032 | DailyAccrualFund |
Jun 30, 2010 | $0.031 | DailyAccrualFund |
May 28, 2010 | $0.029 | DailyAccrualFund |
Apr 30, 2010 | $0.029 | DailyAccrualFund |
Mar 31, 2010 | $0.032 | DailyAccrualFund |
Feb 26, 2010 | $0.036 | DailyAccrualFund |
Jan 29, 2010 | $0.034 | DailyAccrualFund |
Dec 31, 2009 | $0.040 | DailyAccrualFund |
Nov 30, 2009 | $0.035 | DailyAccrualFund |
Oct 30, 2009 | $0.035 | DailyAccrualFund |
Sep 30, 2009 | $0.033 | DailyAccrualFund |
Aug 31, 2009 | $0.031 | DailyAccrualFund |
Jul 31, 2009 | $0.035 | DailyAccrualFund |
Jun 30, 2009 | $0.033 | DailyAccrualFund |
May 29, 2009 | $0.033 | DailyAccrualFund |
Apr 30, 2009 | $0.034 | DailyAccrualFund |
Mar 31, 2009 | $0.035 | DailyAccrualFund |
Feb 27, 2009 | $0.038 | DailyAccrualFund |
Jan 30, 2009 | $0.038 | DailyAccrualFund |
Dec 31, 2008 | $0.022 | DailyAccrualFund |
PMGRX - Fund Manager Analysis
Managers
Bryan Davis
Start Date
Tenure
Tenure Rank
Oct 17, 2019
2.62
2.6%
Davis is a senior trader/research analyst for Principal Global Investors. He is responsible for trading mortgage-backed securities and developing investment strategies related to mortgages and derivatives. Davis joined the firm in 1993 as a servicing valuation director for Principal Residential Mortgage. He earned a bachelor’s degree in Finance from the University of Iowa. He has earned the right to use the Chartered Financial Analyst esignation and is a member of the CFA Institute.
Zach Gassmann
Start Date
Tenure
Tenure Rank
Oct 17, 2019
2.62
2.6%
Zach Gassmann has been with Principal® since 2007. He received a master’s degree in financial management from Drake University and a bachelor’s degree in accounting from Simpson College. Mr. Gassmann has earned the right to use the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.11 | 31.64 | 8.39 | 7.35 |