Government & High Quality Bond Fund (f/k/a Mortgage Securities Fund)
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.89
$638 M
2.75%
$0.24
0.54%
Vitals
YTD Return
-0.8%
1 yr return
1.7%
3 Yr Avg Return
-3.3%
5 Yr Avg Return
-0.7%
Net Assets
$638 M
Holdings in Top 10
23.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.54%
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 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.89
$638 M
2.75%
$0.24
0.54%
PMRIX - Profile
Distributions
- YTD Total Return -0.8%
- 3 Yr Annualized Total Return -3.3%
- 5 Yr Annualized Total Return -0.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.58%
- Dividend Yield 2.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGovernment & High Quality Bond Fund (f/k/a Mortgage Securities Fund)
-
Fund Family NamePrincipal Funds
-
Inception DateJan 17, 2007
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBryan Davis
Fund Description
PMRIX - Performance
Return Ranking - Trailing
Period | PMRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.8% | -2.1% | 9.6% | 38.33% |
1 Yr | 1.7% | -2.8% | 36.8% | 58.59% |
3 Yr | -3.3%* | -7.8% | 11.7% | 66.37% |
5 Yr | -0.7%* | -5.4% | 3.4% | 73.36% |
10 Yr | 0.7%* | -1.9% | 3.4% | 44.58% |
* Annualized
Return Ranking - Calendar
Period | PMRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -1.0% | 22.1% | 11.40% |
2022 | -13.5% | -20.4% | -5.8% | 44.93% |
2021 | -2.9% | -7.1% | 16.6% | 44.59% |
2020 | 0.5% | -1.3% | 8.8% | 97.67% |
2019 | 3.5% | 0.3% | 7.1% | 41.04% |
Total Return Ranking - Trailing
Period | PMRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.8% | -2.1% | 9.6% | 38.33% |
1 Yr | 1.7% | -2.8% | 36.8% | 58.59% |
3 Yr | -3.3%* | -7.8% | 11.7% | 66.37% |
5 Yr | -0.7%* | -5.4% | 3.4% | 73.36% |
10 Yr | 0.7%* | -1.9% | 3.4% | 44.58% |
* Annualized
Total Return Ranking - Calendar
Period | PMRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.2% | -0.5% | 28.8% | 15.35% |
2022 | -11.8% | -18.5% | -3.3% | 48.02% |
2021 | -1.5% | -4.5% | 25.3% | 45.05% |
2020 | 3.0% | -1.3% | 13.0% | 94.42% |
2019 | 6.7% | 1.8% | 11.3% | 10.38% |
NAV & Total Return History
PMRIX - Holdings
Concentration Analysis
PMRIX | Category Low | Category High | PMRIX % 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 | PMRIX % 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% | 29.39% |
Preferred Stocks | 0.00% | 0.00% | 0.10% | 26.75% |
Convertible Bonds | 0.00% | 0.00% | 3.29% | 29.39% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PMRIX % 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% | 49.12% |
Municipal | 0.00% | 0.00% | 5.24% | 40.35% |
Derivative | -0.51% | -20.68% | 6.72% | 95.18% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PMRIX % Rank | |
---|---|---|---|---|
US | 102.02% | 0.08% | 167.02% | 45.61% |
Non US | 0.00% | 0.00% | 12.01% | 28.51% |
PMRIX - Expenses
Operational Fees
PMRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.54% | 0.03% | 3.55% | 65.64% |
Management Fee | 0.49% | 0.00% | 0.85% | 81.14% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
PMRIX 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
PMRIX 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.
PMRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 343.70% | 3.35% | 948.00% | 72.92% |
PMRIX - Distributions
Dividend Yield Analysis
PMRIX | Category Low | Category High | PMRIX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.75% | 0.00% | 4.67% | 61.40% |
Dividend Distribution Analysis
PMRIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
PMRIX | Category Low | Category High | PMRIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.58% | -0.80% | 2.96% | 62.56% |
Capital Gain Distribution Analysis
PMRIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.020 | DailyAccrualFund |
Jan 31, 2024 | $0.022 | DailyAccrualFund |
Dec 29, 2023 | $0.027 | DailyAccrualFund |
Nov 30, 2023 | $0.022 | DailyAccrualFund |
Oct 31, 2023 | $0.020 | DailyAccrualFund |
Sep 29, 2023 | $0.022 | DailyAccrualFund |
Aug 31, 2023 | $0.022 | DailyAccrualFund |
Jul 31, 2023 | $0.021 | DailyAccrualFund |
Jun 30, 2023 | $0.023 | DailyAccrualFund |
May 31, 2023 | $0.022 | DailyAccrualFund |
Apr 28, 2023 | $0.020 | DailyAccrualFund |
Mar 31, 2023 | $0.023 | DailyAccrualFund |
Feb 28, 2023 | $0.019 | DailyAccrualFund |
Jan 31, 2023 | $0.021 | DailyAccrualFund |
Dec 30, 2022 | $0.024 | DailyAccrualFund |
Nov 30, 2022 | $0.020 | DailyAccrualFund |
Oct 31, 2022 | $0.006 | DailyAccrualFund |
Sep 30, 2022 | $0.011 | DailyAccrualFund |
Aug 31, 2022 | $0.014 | DailyAccrualFund |
Jul 29, 2022 | $0.013 | DailyAccrualFund |
Jun 30, 2022 | $0.014 | DailyAccrualFund |
May 31, 2022 | $0.014 | DailyAccrualFund |
Apr 29, 2022 | $0.014 | DailyAccrualFund |
Mar 31, 2022 | $0.014 | DailyAccrualFund |
Feb 28, 2022 | $0.012 | DailyAccrualFund |
Jan 31, 2022 | $0.012 | DailyAccrualFund |
Dec 31, 2021 | $0.014 | DailyAccrualFund |
Nov 30, 2021 | $0.014 | DailyAccrualFund |
Oct 29, 2021 | $0.011 | DailyAccrualFund |
Sep 30, 2021 | $0.011 | DailyAccrualFund |
Aug 31, 2021 | $0.011 | DailyAccrualFund |
Jul 30, 2021 | $0.010 | DailyAccrualFund |
Jun 30, 2021 | $0.009 | DailyAccrualFund |
May 28, 2021 | $0.010 | DailyAccrualFund |
Apr 30, 2021 | $0.012 | DailyAccrualFund |
Mar 31, 2021 | $0.010 | DailyAccrualFund |
Feb 26, 2021 | $0.012 | DailyAccrualFund |
Jan 29, 2021 | $0.014 | DailyAccrualFund |
Dec 31, 2020 | $0.017 | DailyAccrualFund |
Nov 30, 2020 | $0.017 | DailyAccrualFund |
Oct 30, 2020 | $0.019 | DailyAccrualFund |
Sep 30, 2020 | $0.017 | DailyAccrualFund |
Aug 31, 2020 | $0.017 | DailyAccrualFund |
Jul 31, 2020 | $0.020 | DailyAccrualFund |
Jun 30, 2020 | $0.018 | DailyAccrualFund |
May 29, 2020 | $0.021 | DailyAccrualFund |
Apr 30, 2020 | $0.022 | DailyAccrualFund |
Mar 31, 2020 | $0.023 | DailyAccrualFund |
Feb 28, 2020 | $0.022 | DailyAccrualFund |
Jan 31, 2020 | $0.025 | DailyAccrualFund |
Dec 31, 2019 | $0.025 | DailyAccrualFund |
Nov 29, 2019 | $0.024 | DailyAccrualFund |
Oct 31, 2019 | $0.024 | DailyAccrualFund |
Sep 30, 2019 | $0.021 | DailyAccrualFund |
Aug 30, 2019 | $0.025 | DailyAccrualFund |
Jul 31, 2019 | $0.024 | DailyAccrualFund |
Jun 28, 2019 | $0.023 | DailyAccrualFund |
May 31, 2019 | $0.027 | DailyAccrualFund |
Apr 30, 2019 | $0.024 | DailyAccrualFund |
Mar 29, 2019 | $0.025 | DailyAccrualFund |
Feb 28, 2019 | $0.019 | DailyAccrualFund |
Jan 31, 2019 | $0.025 | DailyAccrualFund |
Dec 31, 2018 | $0.024 | DailyAccrualFund |
Nov 30, 2018 | $0.026 | DailyAccrualFund |
Oct 31, 2018 | $0.024 | DailyAccrualFund |
Aug 31, 2018 | $0.027 | DailyAccrualFund |
Jul 31, 2018 | $0.025 | DailyAccrualFund |
Jun 29, 2018 | $0.026 | DailyAccrualFund |
May 31, 2018 | $0.026 | DailyAccrualFund |
Apr 30, 2018 | $0.025 | DailyAccrualFund |
Mar 29, 2018 | $0.027 | DailyAccrualFund |
Feb 28, 2018 | $0.023 | DailyAccrualFund |
Jan 31, 2018 | $0.025 | DailyAccrualFund |
Dec 29, 2017 | $0.026 | DailyAccrualFund |
Nov 30, 2017 | $0.024 | DailyAccrualFund |
Oct 31, 2017 | $0.011 | DailyAccrualFund |
Sep 29, 2017 | $0.026 | DailyAccrualFund |
Aug 31, 2017 | $0.033 | DailyAccrualFund |
Jul 31, 2017 | $0.032 | DailyAccrualFund |
Jun 30, 2017 | $0.036 | DailyAccrualFund |
May 31, 2017 | $0.036 | DailyAccrualFund |
Apr 28, 2017 | $0.034 | DailyAccrualFund |
Mar 31, 2017 | $0.040 | DailyAccrualFund |
Feb 28, 2017 | $0.033 | DailyAccrualFund |
Jan 31, 2017 | $0.034 | DailyAccrualFund |
Dec 30, 2016 | $0.040 | DailyAccrualFund |
Nov 30, 2016 | $0.036 | DailyAccrualFund |
Oct 31, 2016 | $0.030 | DailyAccrualFund |
Sep 30, 2016 | $0.039 | DailyAccrualFund |
Aug 31, 2016 | $0.036 | DailyAccrualFund |
Jul 29, 2016 | $0.037 | DailyAccrualFund |
Jun 30, 2016 | $0.036 | DailyAccrualFund |
May 31, 2016 | $0.035 | DailyAccrualFund |
Apr 29, 2016 | $0.035 | DailyAccrualFund |
Mar 31, 2016 | $0.035 | DailyAccrualFund |
Feb 29, 2016 | $0.032 | DailyAccrualFund |
Jan 29, 2016 | $0.030 | DailyAccrualFund |
Dec 31, 2015 | $0.039 | DailyAccrualFund |
Nov 30, 2015 | $0.033 | DailyAccrualFund |
Oct 30, 2015 | $0.034 | DailyAccrualFund |
Sep 30, 2015 | $0.030 | DailyAccrualFund |
Aug 31, 2015 | $0.028 | DailyAccrualFund |
Jul 31, 2015 | $0.031 | DailyAccrualFund |
Jun 30, 2015 | $0.027 | DailyAccrualFund |
May 29, 2015 | $0.028 | DailyAccrualFund |
Apr 30, 2015 | $0.026 | DailyAccrualFund |
Mar 31, 2015 | $0.026 | DailyAccrualFund |
Feb 27, 2015 | $0.023 | DailyAccrualFund |
Jan 30, 2015 | $0.026 | DailyAccrualFund |
Dec 31, 2014 | $0.027 | DailyAccrualFund |
Nov 28, 2014 | $0.022 | DailyAccrualFund |
Oct 31, 2014 | $0.029 | DailyAccrualFund |
Sep 30, 2014 | $0.026 | DailyAccrualFund |
Aug 29, 2014 | $0.030 | DailyAccrualFund |
Jul 31, 2014 | $0.029 | DailyAccrualFund |
Jun 30, 2014 | $0.027 | DailyAccrualFund |
May 30, 2014 | $0.030 | DailyAccrualFund |
Apr 30, 2014 | $0.029 | DailyAccrualFund |
Mar 31, 2014 | $0.028 | DailyAccrualFund |
Feb 28, 2014 | $0.027 | DailyAccrualFund |
Jan 31, 2014 | $0.030 | DailyAccrualFund |
Dec 31, 2013 | $0.031 | DailyAccrualFund |
Nov 29, 2013 | $0.031 | DailyAccrualFund |
Oct 31, 2013 | $0.027 | DailyAccrualFund |
Sep 30, 2013 | $0.026 | DailyAccrualFund |
Aug 30, 2013 | $0.032 | DailyAccrualFund |
Jul 31, 2013 | $0.030 | DailyAccrualFund |
Jun 28, 2013 | $0.027 | DailyAccrualFund |
May 31, 2013 | $0.032 | DailyAccrualFund |
Apr 30, 2013 | $0.029 | DailyAccrualFund |
Mar 28, 2013 | $0.031 | DailyAccrualFund |
Feb 28, 2013 | $0.028 | DailyAccrualFund |
Jan 31, 2013 | $0.030 | DailyAccrualFund |
Dec 31, 2012 | $0.031 | DailyAccrualFund |
Nov 30, 2012 | $0.031 | DailyAccrualFund |
Oct 31, 2012 | $0.032 | DailyAccrualFund |
Sep 28, 2012 | $0.029 | DailyAccrualFund |
Aug 31, 2012 | $0.038 | DailyAccrualFund |
Jul 31, 2012 | $0.035 | DailyAccrualFund |
Jun 29, 2012 | $0.037 | DailyAccrualFund |
May 31, 2012 | $0.038 | DailyAccrualFund |
Apr 30, 2012 | $0.035 | DailyAccrualFund |
Mar 30, 2012 | $0.039 | DailyAccrualFund |
Feb 29, 2012 | $0.035 | DailyAccrualFund |
Jan 31, 2012 | $0.036 | DailyAccrualFund |
Dec 30, 2011 | $0.042 | DailyAccrualFund |
Nov 30, 2011 | $0.036 | DailyAccrualFund |
Oct 31, 2011 | $0.030 | DailyAccrualFund |
Sep 30, 2011 | $0.035 | DailyAccrualFund |
Aug 31, 2011 | $0.035 | DailyAccrualFund |
Jul 29, 2011 | $0.036 | DailyAccrualFund |
Jun 30, 2011 | $0.036 | DailyAccrualFund |
May 31, 2011 | $0.036 | DailyAccrualFund |
Apr 29, 2011 | $0.039 | DailyAccrualFund |
Mar 31, 2011 | $0.039 | DailyAccrualFund |
Feb 28, 2011 | $0.035 | DailyAccrualFund |
Jan 31, 2011 | $0.038 | DailyAccrualFund |
Dec 31, 2010 | $0.051 | DailyAccrualFund |
Nov 30, 2010 | $0.039 | DailyAccrualFund |
Oct 29, 2010 | $0.038 | DailyAccrualFund |
Sep 30, 2010 | $0.037 | DailyAccrualFund |
Aug 31, 2010 | $0.038 | DailyAccrualFund |
Jul 30, 2010 | $0.040 | DailyAccrualFund |
Jun 30, 2010 | $0.038 | DailyAccrualFund |
May 28, 2010 | $0.036 | DailyAccrualFund |
Apr 30, 2010 | $0.036 | DailyAccrualFund |
Mar 31, 2010 | $0.039 | DailyAccrualFund |
Feb 26, 2010 | $0.043 | DailyAccrualFund |
Jan 29, 2010 | $0.041 | DailyAccrualFund |
Dec 31, 2009 | $0.048 | DailyAccrualFund |
Nov 30, 2009 | $0.042 | DailyAccrualFund |
Oct 30, 2009 | $0.042 | DailyAccrualFund |
Sep 30, 2009 | $0.040 | DailyAccrualFund |
Aug 31, 2009 | $0.037 | DailyAccrualFund |
Jul 31, 2009 | $0.043 | DailyAccrualFund |
Jun 30, 2009 | $0.040 | DailyAccrualFund |
May 29, 2009 | $0.040 | DailyAccrualFund |
Apr 30, 2009 | $0.040 | DailyAccrualFund |
Mar 31, 2009 | $0.042 | DailyAccrualFund |
Feb 27, 2009 | $0.045 | DailyAccrualFund |
Jan 30, 2009 | $0.045 | DailyAccrualFund |
Dec 31, 2008 | $0.049 | DailyAccrualFund |
Nov 28, 2008 | $0.044 | DailyAccrualFund |
Oct 31, 2008 | $0.040 | DailyAccrualFund |
Sep 30, 2008 | $0.042 | DailyAccrualFund |
Aug 29, 2008 | $0.045 | DailyAccrualFund |
Jul 31, 2008 | $0.043 | DailyAccrualFund |
Jun 30, 2008 | $0.042 | DailyAccrualFund |
May 30, 2008 | $0.046 | DailyAccrualFund |
Apr 30, 2008 | $0.045 | DailyAccrualFund |
Mar 31, 2008 | $0.042 | DailyAccrualFund |
Feb 29, 2008 | $0.048 | DailyAccrualFund |
Jan 31, 2008 | $0.044 | DailyAccrualFund |
Dec 31, 2007 | $0.045 | DailyAccrualFund |
Nov 30, 2007 | $0.048 | DailyAccrualFund |
Oct 31, 2007 | $0.045 | DailyAccrualFund |
Sep 28, 2007 | $0.039 | DailyAccrualFund |
Aug 31, 2007 | $0.048 | DailyAccrualFund |
Jul 31, 2007 | $0.042 | DailyAccrualFund |
Jun 29, 2007 | $0.045 | DailyAccrualFund |
May 31, 2007 | $0.043 | DailyAccrualFund |
Apr 30, 2007 | $0.042 | DailyAccrualFund |
PMRIX - 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 |