PBIQX: Principal Bond Market Index R5

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PBIQX Principal Bond Market Index R5


Profile

PBIQX - Profile

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return 1.6%
  • Net Assets $2.38 B
  • Holdings in Top 10 6.9%

52 WEEK LOW AND HIGH

$11.72
$10.99
$11.77

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 107.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Principal Bond Market Index Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Dec 30, 2009
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randy Woodbury

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in investments designed to track the Bloomberg Barclays U.S. Aggregate Bond Index (the "index") at the time of purchase. The index is composed of investment grade, fixed rate debt issues with maturities of one year or more, including government securities, corporate securities, and asset-backed and mortgage-backed securities (securitized products).


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Categories

Performance

PBIQX - Performance

Return Ranking - Trailing

Period PBIQX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -36.3% 945.9% 4.87%
1 Yr 6.4% -35.4% 962.3% 7.86%
3 Yr 2.3%* -10.6% 120.2% 7.14%
5 Yr 1.6%* -5.1% 60.5% 7.77%
10 Yr 1.3%* -5.0% 3.6% 8.85%

* Annualized

Return Ranking - Calendar

Period PBIQX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -1.7% 18.3% 19.86%
2018 -2.7% -12.4% 0.8% 56.47%
2017 0.9% -6.0% 20.3% 57.05%
2016 0.4% -7.8% 8.6% 32.35%
2015 -1.8% -18.3% 3.0% 65.45%

Total Return Ranking - Trailing

Period PBIQX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -36.3% 945.9% 4.87%
1 Yr 6.4% -35.4% 962.6% 7.64%
3 Yr 3.8%* -7.4% 120.2% 3.25%
5 Yr 3.2%* -5.1% 60.5% 3.15%
10 Yr 3.1%* -5.0% 6.9% 6.04%

* Annualized

Total Return Ranking - Calendar

Period PBIQX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -1.7% 18.3% 20.48%
2018 -0.5% -11.7% 3.1% 12.24%
2017 3.1% -6.0% 27.0% 15.89%
2016 2.0% -7.8% 10.7% 17.86%
2015 -0.1% -14.2% 4.2% 26.40%

NAV & Total Return History


Holdings

PBIQX - Holdings

Concentration Analysis

PBIQX Category Low Category High PBIQX % Rank
Net Assets 2.38 B 634 K 264 B 23.49%
Number of Holdings 3021 1 17920 2.12%
Net Assets in Top 10 165 M -587 M 20.8 B 42.67%
Weighting of Top 10 6.93% 2.3% 100.0% 95.38%

Top 10 Holdings

  1. iShares MBS ETF 1.15%
  2. United States Treasury Notes 2.5% 0.85%
  3. United States Treasury Notes 1.12% 0.80%
  4. Federal National Mortgage Association 3% 0.75%
  5. Government National Mortgage Association 3% 0.68%
  6. United States Treasury Notes 2.88% 0.57%
  7. United States Treasury Notes 2.62% 0.57%
  8. United States Treasury Notes 1.75% 0.54%
  9. United States Treasury Notes 1.62% 0.52%
  10. United States Treasury Notes 1.75% 0.51%

Asset Allocation

Weighting Return Low Return High PBIQX % Rank
Bonds
98.36% 71.08% 157.69% 36.14%
Convertible Bonds
0.88% 0.00% 6.53% 30.91%
Cash
0.77% -57.68% 27.48% 67.71%
Stocks
0.00% -0.38% 18.10% 39.95%
Preferred Stocks
0.00% 0.00% 9.11% 46.41%
Other
0.00% -27.60% 53.37% 41.29%

Bond Sector Breakdown

Weighting Return Low Return High PBIQX % Rank
Government
43.98% -2.21% 100.00% 10.31%
Securitized
27.63% 0.00% 98.72% 31.65%
Corporate
24.30% 0.00% 99.41% 39.42%
Cash & Equivalents
3.47% -26.49% 24.02% 39.56%
Municipal
0.62% 0.00% 100.11% 62.10%
Derivative
0.00% -0.83% 31.72% 43.84%

Bond Geographic Breakdown

Weighting Return Low Return High PBIQX % Rank
US
90.56% 58.40% 150.78% 56.59%
Non US
7.80% -38.91% 29.50% 32.99%

Expenses

PBIQX - Expenses

Operational Fees

PBIQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 34.57% 79.54%
Management Fee 0.14% 0.00% 1.25% 5.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 1.17%

Sales Fees

PBIQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PBIQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

PBIQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 107.70% 0.00% 489.00% 78.40%

Distributions

PBIQX - Distributions

Dividend Yield Analysis

PBIQX Category Low Category High PBIQX % Rank
Dividend Yield 0.00% 0.00% 6.06% 49.28%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PBIQX Category Low Category High PBIQX % Rank
Net Income Ratio 2.40% -0.71% 6.53% 59.35%

Capital Gain Distribution Analysis

PBIQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PBIQX - Fund Manager Analysis

Managers

Randy Woodbury


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.83

0.8%

Randy is a portfolio manager at Principal Global Investors. He is lead manager on all Global Investment Grade credit funds, all Global Multi-Sector funds and all Systematic Strategies. He is instrumental in developing strategy for all Investment Grade and Multi-Sector products as well as leading the Investment Strategy Group, ESG Working Group and Systematic Strategies Team. He received an MBA and a bachelor's degree, both in finance, from Iowa State University. Randy has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Iowa.

Darryl Trunnel


Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.83

0.8%

Darryl is portfolio manager at Principal Global Fixed Income with responsibility for emerging markets and manages opportunistic credit strategies. Darryl joined the firm in 2008. Darryl has 25 years experience in the asset management industry, and prior to joining PGI was founder, principal, and portfolio manager at Blackhawk Capital Management, Iowa City, Iowa. In this capacity, he managed and operated a hedge fund including managing and trading the corporate bond and credit derivative portfolio. His background also includes positions with Credit Suisse First Boston as a director, with Eagle Capital as a principal and corporate bond trading manager, and with Cargill as an options trading and trading technology manager. He received a bachelor's degree in agricultural business from Iowa State University. Darryl has earned the right to use the Chartered Financial Analyst designation and is a member of both the CFA Institute and the CFA Society of Iowa.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.44 7.44 0.33