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Name

As of 05/19/2023

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

Principal Core Fixed Income

CNMCX | Fund

$8.51

$9.99 B

1.54%

$0.13

1.57%

Vitals

YTD Return

0.7%

1 yr return

-5.9%

3 Yr Avg Return

-5.4%

5 Yr Avg Return

-1.9%

Net Assets

$9.99 B

Holdings in Top 10

10.5%

52 WEEK LOW AND HIGH

$8.5
$8.14
$9.05

Expenses

OPERATING FEES

Expense Ratio 1.57%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 15.80%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 05/19/2023

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

Principal Core Fixed Income

CNMCX | Fund

$8.51

$9.99 B

1.54%

$0.13

1.57%

CNMCX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return -5.4%
  • 5 Yr Annualized Total Return -1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.48%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Core Fixed Income
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 01, 2002
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Friedl

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities. The Fund typically invests primarily in a diversified pool of investment-grade fixed-income securities, including corporate securities, U.S. government securities, asset-backed securities and mortgage-backed securities (securitized products) (including collateralized mortgage obligations), and foreign securities. “Investment grade” securities are rated BBB- or higher by S&P Global Ratings (“S&P Global”) or Baa3 or higher by Moody’s Investors Service, Inc. (“Moody’s”) or, if unrated, of comparable quality in the opinion of those selecting such investments. If the security has been rated by only one of those agencies, that rating will determine whether the security is investment grade. If securities are rated differently by the rating agencies, the highest rating is used. 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 US Aggregate Bond Index, which as of December 31, 2021 was 6.78 years.
Read More

CNMCX - Performance

Return Ranking - Trailing

Period CNMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -50.1% 6.9% 50.69%
1 Yr -5.9% -25.4% 139.4% 24.70%
3 Yr -5.4%* -13.0% 100.8% 34.77%
5 Yr -1.9%* -10.0% 55.1% 33.48%
10 Yr -1.6%* -7.4% 12.3% 36.04%

* Annualized

Return Ranking - Calendar

Period CNMCX Return Category Return Low Category Return High Rank in Category (%)
2023 -15.1% -75.2% 1360.6% 25.38%
2022 -2.0% -14.5% 1027.9% 76.61%
2021 1.8% -9.6% 118.7% 24.50%
2020 1.4% -11.4% 5.8% 47.37%
2019 -0.7% -49.5% 12.4% 56.74%

Total Return Ranking - Trailing

Period CNMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -50.1% 6.9% 53.52%
1 Yr -5.9% -25.4% 139.4% 24.79%
3 Yr -5.4%* -13.0% 100.8% 34.77%
5 Yr -1.9%* -10.0% 55.1% 39.96%
10 Yr -1.6%* -7.4% 13.1% 55.54%

* Annualized

Total Return Ranking - Calendar

Period CNMCX Return Category Return Low Category Return High Rank in Category (%)
2023 -15.1% -75.2% 131.9% 25.38%
2022 -2.0% -14.5% 1027.9% 76.52%
2021 1.8% -9.6% 118.7% 24.80%
2020 1.4% -11.4% 5.8% 49.58%
2019 -0.7% -7.0% 12.4% 62.47%

NAV & Total Return History

CNMCX - Holdings

Concentration Analysis

CNMCX Category Low Category High CNMCX % Rank
Net Assets 9.99 B 1.19 M 287 B 15.41%
Number of Holdings 480 1 17234 59.24%
Net Assets in Top 10 1.05 B -106 M 27.6 B 23.64%
Weighting of Top 10 10.47% 3.7% 100.0% 95.12%

Top 10 Holdings

  1. Principal Government Money Market Instl 5.56%
  2. United States Treasury Bonds 3.75% 0.73%
  3. Federal National Mortgage Association 3% 0.69%
  4. NextEra Energy Capital Holdings Inc 2.75% 0.68%
  5. Fnma Pass-Thru I 0.58%
  6. Fnma Pass-Thru I 0.58%
  7. Fnma Pass-Thru I 0.58%
  8. Fifth Third Bancorp 2.375% 0.57%
  9. Fnma Pass-Thru I 0.57%
  10. Fnma Pass-Thru I 0.57%

Asset Allocation

Weighting Return Low Return High CNMCX % Rank
Bonds 		93.11% 3.97% 268.18% 70.13%
Cash 		6.19% -181.13% 95.99% 23.82%
Stocks 		0.50% -0.98% 24.74% 6.05%
Preferred Stocks 		0.20% 0.00% 77.13% 19.11%
Other 		0.00% -13.23% 23.06% 77.45%
Convertible Bonds 		0.00% 0.00% 10.39% 98.37%

Stock Sector Breakdown

Weighting Return Low Return High CNMCX % Rank
Industrials 		48.31% 0.00% 48.31% 2.20%
Energy 		42.84% 0.00% 100.00% 28.57%
Real Estate 		8.84% 0.00% 99.26% 13.19%
Utilities 		0.00% 0.00% 100.00% 86.26%
Technology 		0.00% 0.00% 48.30% 84.62%
Healthcare 		0.00% 0.00% 17.70% 84.62%
Financial Services 		0.00% 0.00% 100.00% 89.56%
Communication Services 		0.00% 0.00% 100.00% 87.91%
Consumer Defense 		0.00% 0.00% 99.67% 86.26%
Consumer Cyclical 		0.00% 0.00% 100.00% 87.36%
Basic Materials 		0.00% 0.00% 100.00% 84.62%

Stock Geographic Breakdown

Weighting Return Low Return High CNMCX % Rank
US 		0.50% -0.94% 24.47% 5.89%
Non US 		0.00% -0.04% 4.86% 83.70%

Bond Sector Breakdown

Weighting Return Low Return High CNMCX % Rank
Corporate 		49.55% 0.00% 100.00% 10.78%
Securitized 		24.76% 0.00% 98.79% 67.75%
Government 		18.66% 0.00% 86.23% 63.22%
Cash & Equivalents 		7.03% 0.00% 95.99% 32.61%
Derivative 		0.00% 0.00% 25.16% 88.13%
Municipal 		0.00% 0.00% 100.00% 95.47%

Bond Geographic Breakdown

Weighting Return Low Return High CNMCX % Rank
US 		89.96% 3.63% 210.09% 33.51%
Non US 		3.15% -6.54% 58.09% 83.42%

CNMCX - Expenses

Operational Fees

CNMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.57% 0.01% 2.93% 3.49%
Management Fee 0.37% 0.00% 1.76% 50.46%
12b-1 Fee 1.00% 0.00% 1.00% 96.93%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

CNMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 83.18%

Trading Fees

CNMCX 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.

CNMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.80% 2.00% 493.39% 1.76%

CNMCX - Distributions

Dividend Yield Analysis

CNMCX Category Low Category High CNMCX % Rank
Dividend Yield 1.54% 0.00% 12.67% 88.41%

Dividend Distribution Analysis

CNMCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

CNMCX Category Low Category High CNMCX % Rank
Net Income Ratio 0.48% -1.28% 8.97% 96.11%

Capital Gain Distribution Analysis

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

Distributions History

View More +

CNMCX - Fund Manager Analysis

Managers

John Friedl

Start Date

Tenure

Tenure Rank

Mar 01, 2005

17.26

17.3%

John R. Friedl has been with Principal® since 1998. He earned a B.A. in Communications and History from the University of Washington and a master's degree in Finance from Seattle University. Mr. Friedl has earned the right to use the Chartered Financial Analyst designation.

Scott Peterson

Start Date

Tenure

Tenure Rank

May 19, 2010

12.04

12.0%

Scott J. Peterson has been with Edge since 2002. He earned a bachelors degree in Mathematics from Brigham Young University and an M.B.A. from New York Universitys Stern School of Business. Mr. Peterson has earned the right to use the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.76 1.16

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