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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.07

$564 M

3.23%

$0.29

0.99%

Vitals

YTD Return

-0.9%

1 yr return

0.9%

3 Yr Avg Return

-3.1%

5 Yr Avg Return

0.4%

Net Assets

$564 M

Holdings in Top 10

14.8%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.99%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 181.50%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.07

$564 M

3.23%

$0.29

0.99%

PRBDX - Profile

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return -3.1%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Core Plus Bond Fund fka Bond & Mortgage Securities Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William Armstrong

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds or other debt securities at the time of purchase. Such investments include securities issued or guaranteed by the U.S. government or its agencies or instrumentalities; asset-backed securities and mortgage-backed securities (securitized products, including collateralized mortgage obligations); corporate bonds; and foreign securities, including emerging market securities. The Fund invests in investment-grade securities and, with respect to up to 25% of its assets, in below-investment-grade securities (sometimes called “high yield” or “junk”), which are rated at the time of purchase Ba1 or lower by Moody’s Investors Service, Inc. (“Moody’s”) and BB+ or lower by S&P Global Ratings (“S&P Global”). If the security has been rated by only one of the rating agencies, that rating will determine the security’s rating; if the security is rated differently by the rating agencies, the highest rating will be used; and if the security has not been rated by either of the rating agencies, those selecting such investments will determine the security’s quality. The Fund is not managed to a particular maturity. Under normal circumstances, the Fund maintains an average portfolio duration that is within ±25% of the duration of the Bloomberg U.S. Aggregate Bond Index, which as of January 31, 2024 was 6.11 years. The Fund’s strategies may result in the active and frequent trading of the Fund’s portfolio securities.
The Fund enters into dollar roll transactions, which may involve leverage. The Fund invests in derivatives, including Treasury futures and interest rate swaps to manage the fixed-income exposure (including for hedging purposes) and credit default swaps to increase or decrease, in an efficient manner, exposures to certain sectors or individual issuers. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index.
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PRBDX - Performance

Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -5.6% 4.3% 64.59%
1 Yr 0.9% -9.7% 17.7% 87.09%
3 Yr -3.1%* -10.5% 26.1% 68.90%
5 Yr 0.4%* -6.6% 191.5% 49.04%
10 Yr 1.3%* -2.3% 73.8% 60.67%

* Annualized

Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -16.2% 8.1% 56.19%
2022 -16.3% -34.7% 131.9% 57.49%
2021 -3.8% -11.6% 4.4% 70.22%
2020 2.0% -10.1% 946.1% 87.12%
2019 5.9% -1.7% 156.4% 41.23%

Total Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -5.6% 4.3% 64.59%
1 Yr 0.9% -9.7% 17.7% 87.09%
3 Yr -3.1%* -10.5% 26.1% 68.90%
5 Yr 0.4%* -6.6% 191.5% 49.04%
10 Yr 1.3%* -2.3% 73.8% 60.67%

* Annualized

Total Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
2023 5.1% -11.3% 11.0% 80.97%
2022 -14.2% -32.2% 131.9% 71.66%
2021 -0.8% -9.4% 9.2% 42.13%
2020 10.0% -1.9% 1009.0% 18.78%
2019 9.7% 1.1% 21668.0% 26.99%

NAV & Total Return History


PRBDX - Holdings

Concentration Analysis

PRBDX Category Low Category High PRBDX % Rank
Net Assets 564 M 2.73 M 292 B 62.60%
Number of Holdings 801 1 17889 45.50%
Net Assets in Top 10 81.7 M -106 M 36.5 B 72.11%
Weighting of Top 10 14.83% 4.4% 134.5% 81.69%

Top 10 Holdings

  1. United States Treasury Note/Bond 2.47%
  2. American Express Credit Account Master Trust 2.05%
  3. Principal Government Money Market Fund - Class R-6 1.91%
  4. Ginnie Mae 1.39%
  5. United States Treasury Note/Bond 1.27%
  6. Fannie Mae Pool 1.24%
  7. Discover Card Execution Note Trust 1.23%
  8. Fannie Mae or Freddie Mac 1.16%
  9. United States Treasury Note/Bond 1.11%
  10. United States Treasury Bill 1.00%

Asset Allocation

Weighting Return Low Return High PRBDX % Rank
Bonds
89.01% 0.00% 215.98% 74.32%
Other
14.39% -13.23% 58.65% 16.34%
Convertible Bonds
3.27% 0.00% 7.93% 7.19%
Cash
2.45% -54.51% 88.26% 54.99%
Preferred Stocks
0.61% 0.00% 74.68% 8.71%
Stocks
0.02% 0.00% 99.93% 28.13%

Stock Sector Breakdown

Weighting Return Low Return High PRBDX % Rank
Utilities
0.00% 0.00% 100.00% 94.65%
Technology
0.00% 0.00% 43.45% 94.12%
Real Estate
0.00% 0.00% 99.26% 95.72%
Industrials
0.00% 0.00% 48.31% 98.40%
Healthcare
0.00% 0.00% 17.70% 94.12%
Financial Services
0.00% 0.00% 100.00% 94.12%
Energy
0.00% 0.00% 100.00% 16.04%
Communication Services
0.00% 0.00% 100.00% 94.12%
Consumer Defense
0.00% 0.00% 99.67% 93.05%
Consumer Cyclical
0.00% 0.00% 100.00% 94.12%
Basic Materials
0.00% 0.00% 100.00% 94.12%

Stock Geographic Breakdown

Weighting Return Low Return High PRBDX % Rank
US
0.02% 0.00% 99.93% 27.40%
Non US
0.00% 0.00% 86.52% 5.09%

Bond Sector Breakdown

Weighting Return Low Return High PRBDX % Rank
Corporate
44.97% 0.00% 100.00% 16.16%
Securitized
31.43% 0.00% 98.40% 45.32%
Government
14.28% 0.00% 86.23% 75.86%
Cash & Equivalents
2.45% 0.00% 88.06% 51.96%
Municipal
0.00% 0.00% 100.00% 88.67%
Derivative
-0.39% -5.38% 58.65% 89.82%

Bond Geographic Breakdown

Weighting Return Low Return High PRBDX % Rank
US
89.01% 0.00% 215.98% 68.59%
Non US
0.00% 0.00% 39.04% 73.39%

PRBDX - Expenses

Operational Fees

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.01% 39.10% 27.32%
Management Fee 0.42% 0.00% 1.76% 74.51%
12b-1 Fee 0.25% 0.00% 1.00% 42.89%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 63.57%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 181.50% 2.00% 493.39% 63.36%

PRBDX - Distributions

Dividend Yield Analysis

PRBDX Category Low Category High PRBDX % Rank
Dividend Yield 3.23% 0.00% 9.77% 76.46%

Dividend Distribution Analysis

PRBDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Annual

Net Income Ratio Analysis

PRBDX Category Low Category High PRBDX % Rank
Net Income Ratio 1.54% -1.28% 4.79% 60.19%

Capital Gain Distribution Analysis

PRBDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PRBDX - Fund Manager Analysis

Managers

William Armstrong


Start Date

Tenure

Tenure Rank

Dec 06, 2000

21.5

21.5%

William C. Armstrong, CFA - Portfolio Manager Bill is a portfolio manager for Principal Global Fixed Income. He manages multi-sector portfolios that invest in corporate bonds, mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, sovereigns, and agencies. Bill joined the firm in 1992. Previously, he served as a commissioned bank examiner at Federal Deposit Insurance Commission. Bill received an MBA from the University of Iowa and a bachelor's degree from Kearney State College. He has earned the right to use the Chartered Financial Analyst designation. Bill is a member of the CFA Institute and the CFA Society of Iowa, of which he formerly served as president.

Bryan Davis


Start Date

Tenure

Tenure Rank

Mar 25, 2022

0.18

0.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16