Principal Core Plus Bond R2
Name
As of 03/01/2021Price
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
Vitals
YTD Return
-2.3%
1 yr return
3.2%
3 Yr Avg Return
5.0%
5 Yr Avg Return
3.8%
Net Assets
$699 M
Holdings in Top 10
26.2%
52 WEEK LOW AND HIGH
$10.9
$10.51
$11.67
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 167.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/01/2021Price
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
PBMNX - Profile
Distributions
- YTD Total Return -2.3%
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return 3.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.75%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePrincipal Core Plus Bond Fund
-
Fund Family NamePrincipal Funds
-
Inception DateDec 06, 2000
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWilliam 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 (including collateralized mortgage obligations); asset-backed securities and mortgage-backed securities (securitized products); 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 those agencies, that rating will determine whether the security is below investment grade; if the security has not been rated by either of those agencies, those selecting such investments will determine whether the security is of a quality comparable to those rated below 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. 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.
Read More
PBMNX - Performance
Return Ranking - Trailing
| Period | PBMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.3% | -7.9% | 7.8% | 19.72% |
| 1 Yr | 3.2% | -9.0% | 17.3% | 34.38% |
| 3 Yr | 5.0%* | 0.9% | 9.9% | 70.03% |
| 5 Yr | 3.8%* | 1.1% | 8.5% | 63.89% |
| 10 Yr | 3.2%* | 1.4% | 8.2% | 79.74% |
* Annualized
Return Ranking - Calendar
| Period | PBMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.9% | -10.1% | 946.1% | 88.54% |
| 2022 | 5.7% | -2.6% | 13.9% | 46.55% |
| 2021 | -5.1% | -10.3% | 2.7% | 92.65% |
| 2020 | 1.7% | -49.5% | 8.1% | 28.59% |
| 2019 | 1.4% | -49.3% | 192.8% | 18.08% |
Total Return Ranking - Trailing
| Period | PBMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -2.3% | -7.9% | 7.8% | 19.62% |
| 1 Yr | 3.2% | -9.0% | 17.3% | 28.83% |
| 3 Yr | 5.0%* | 0.9% | 9.9% | 61.23% |
| 5 Yr | 3.8%* | 1.1% | 8.5% | 59.05% |
| 10 Yr | 3.2%* | 1.4% | 8.2% | 76.25% |
* Annualized
Total Return Ranking - Calendar
| Period | PBMNX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.9% | -10.1% | 946.1% | 88.54% |
| 2022 | 5.7% | -2.6% | 13.9% | 48.68% |
| 2021 | -5.1% | -10.3% | 3.9% | 93.53% |
| 2020 | 1.7% | -6.0% | 8.4% | 44.47% |
| 2019 | 1.4% | -5.7% | 204.3% | 40.83% |
NAV & Total Return History
PBMNX - Holdings
Concentration Analysis
| PBMNX | Category Low | Category High | PBMNX % Rank | |
|---|---|---|---|---|
| Net Assets | 699 M | 1.81 M | 303 B | 60.11% |
| Number of Holdings | 882 | 1 | 18532 | 40.85% |
| Net Assets in Top 10 | 186 M | -1.04 B | 42.9 B | 58.32% |
| Weighting of Top 10 | 26.17% | 3.3% | 100.0% | 48.26% |
Top 10 Holdings
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
- 10 Year Treasury Note Future Dec 20 4.18%
Asset Allocation
| Weighting | Return Low | Return High | PBMNX % Rank | |
|---|---|---|---|---|
| Bonds | 100.84% | -38.15% | 286.91% | 13.49% |
| Convertible Bonds | 3.12% | 0.00% | 8.68% | 7.30% |
| Preferred Stocks | 0.55% | 0.00% | 84.28% | 14.51% |
| Stocks | 0.09% | -0.28% | 10.71% | 10.54% |
| Other | 0.00% | -15.11% | 6.89% | 32.16% |
| Cash | -4.59% | -195.83% | 145.79% | 87.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PBMNX % Rank | |
|---|---|---|---|---|
| Energy | 99.77% | 0.00% | 100.00% | 18.58% |
| Healthcare | 0.14% | 0.00% | 44.69% | 15.48% |
| Communication Services | 0.09% | 0.00% | 100.00% | 31.58% |
| Utilities | 0.00% | 0.00% | 100.00% | 53.25% |
| Technology | 0.00% | 0.00% | 35.44% | 38.39% |
| Real Estate | 0.00% | 0.00% | 100.00% | 42.41% |
| Industrials | 0.00% | 0.00% | 31.58% | 46.75% |
| Financial Services | 0.00% | 0.00% | 100.00% | 58.20% |
| Consumer Defense | 0.00% | 0.00% | 99.58% | 39.63% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 43.34% |
| Basic Materials | 0.00% | 0.00% | 14.13% | 44.27% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PBMNX % Rank | |
|---|---|---|---|---|
| US | 0.09% | -0.28% | 8.46% | 8.78% |
| Non US | 0.00% | 0.00% | 3.59% | 32.26% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PBMNX % Rank | |
|---|---|---|---|---|
| Corporate | 48.89% | 0.00% | 100.00% | 16.27% |
| Securitized | 31.47% | 0.00% | 98.48% | 43.62% |
| Government | 12.06% | 0.00% | 78.71% | 80.31% |
| Cash & Equivalents | 7.58% | 0.00% | 51.54% | 42.51% |
| Derivative | 0.00% | 0.00% | 22.31% | 49.82% |
| Municipal | 0.00% | 0.00% | 100.00% | 80.13% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PBMNX % Rank | |
|---|---|---|---|---|
| US | 86.64% | -38.40% | 255.76% | 36.78% |
| Non US | 14.20% | -92.93% | 44.24% | 29.76% |
PBMNX - Expenses
Operational Fees
| PBMNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | N/A | 0.01% | 19.93% | 22.79% |
| Management Fee | 0.51% | 0.00% | 0.85% | 90.95% |
| 12b-1 Fee | 0.30% | 0.00% | 1.00% | 63.70% |
| Administrative Fee | 0.20% | 0.01% | 0.50% | 81.39% |
Sales Fees
| PBMNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| PBMNX 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.
| PBMNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 167.00% | 4.00% | 484.45% | 67.85% |
PBMNX - Distributions
Dividend Yield Analysis
| PBMNX | Category Low | Category High | PBMNX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.68% | 0.00% | 3.29% | 32.90% |
Dividend Distribution Analysis
| PBMNX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| PBMNX | Category Low | Category High | PBMNX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.75% | -0.39% | 11.28% | 80.06% |
Capital Gain Distribution Analysis
| PBMNX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 29, 2019 | $0.022 | |
| Feb 28, 2019 | $0.017 | |
| Jan 31, 2019 | $0.023 | |
| Dec 31, 2018 | $0.024 | |
| Nov 30, 2018 | $0.027 | |
| Oct 31, 2018 | $0.029 | |
| Aug 31, 2018 | $0.030 | |
| Jul 31, 2018 | $0.024 | |
| Jun 29, 2018 | $0.024 | |
| May 31, 2018 | $0.025 | |
| Apr 30, 2018 | $0.023 | |
| Mar 29, 2018 | $0.024 | |
| Feb 28, 2018 | $0.020 | |
| Jan 31, 2018 | $0.023 | |
| Dec 29, 2017 | $0.023 | |
| Nov 30, 2017 | $0.022 | |
| Oct 31, 2017 | $0.022 | |
| Sep 29, 2017 | $0.021 | |
| Aug 31, 2017 | $0.021 | |
| Jul 31, 2017 | $0.020 | |
| Jun 30, 2017 | $0.021 | |
| May 31, 2017 | $0.021 | |
| Apr 28, 2017 | $0.019 | |
| Mar 31, 2017 | $0.022 | |
| Feb 28, 2017 | $0.019 | |
| Jan 31, 2017 | $0.020 | |
| Dec 30, 2016 | $0.021 | |
| Nov 30, 2016 | $0.016 | |
| Oct 31, 2016 | $0.006 | |
| Sep 30, 2016 | $0.015 | |
| Aug 31, 2016 | $0.017 | |
| Jul 29, 2016 | $0.018 | |
| Jun 30, 2016 | $0.017 | |
| May 31, 2016 | $0.017 | |
| Apr 29, 2016 | $0.018 | |
| Mar 31, 2016 | $0.018 | |
| Feb 29, 2016 | $0.017 | |
| Jan 29, 2016 | $0.015 | |
| Dec 31, 2015 | $0.014 | |
| Nov 30, 2015 | $0.011 | |
| Oct 30, 2015 | $0.012 | |
| Sep 30, 2015 | $0.011 | |
| Aug 31, 2015 | $0.011 | |
| Jul 31, 2015 | $0.012 | |
| Jun 30, 2015 | $0.013 | |
| May 29, 2015 | $0.017 | |
| Apr 30, 2015 | $0.017 | |
| Mar 31, 2015 | $0.020 | |
| Feb 27, 2015 | $0.020 | |
| Jan 30, 2015 | $0.023 | |
| Dec 31, 2014 | $0.024 | |
| Nov 28, 2014 | $0.022 | |
| Oct 31, 2014 | $0.023 | |
| Sep 30, 2014 | $0.018 | |
| Aug 29, 2014 | $0.019 | |
| Jul 31, 2014 | $0.019 | |
| Jun 30, 2014 | $0.017 | |
| May 30, 2014 | $0.018 | |
| Apr 30, 2014 | $0.017 | |
| Mar 31, 2014 | $0.017 | |
| Feb 28, 2014 | $0.016 | |
| Jan 31, 2014 | $0.019 | |
| Dec 31, 2013 | $0.018 | |
| Nov 29, 2013 | $0.019 | |
| Oct 31, 2013 | $0.017 | |
| Sep 30, 2013 | $0.014 | |
| Aug 30, 2013 | $0.019 | |
| Jul 31, 2013 | $0.017 | |
| Jun 28, 2013 | $0.014 | |
| May 31, 2013 | $0.017 | |
| Apr 30, 2013 | $0.016 | |
| Mar 28, 2013 | $0.017 | |
| Feb 28, 2013 | $0.014 | |
| Jan 31, 2013 | $0.015 | |
| Dec 31, 2012 | $0.016 | |
| Nov 30, 2012 | $0.021 | |
| Oct 31, 2012 | $0.022 | |
| Sep 28, 2012 | $0.018 | |
| Aug 31, 2012 | $0.023 | |
| Jul 31, 2012 | $0.021 | |
| Jun 29, 2012 | $0.023 | |
| May 31, 2012 | $0.025 | |
| Apr 30, 2012 | $0.026 | |
| Mar 30, 2012 | $0.028 | |
| Feb 29, 2012 | $0.025 | |
| Jan 31, 2012 | $0.025 | |
| Dec 30, 2011 | $0.029 | |
| Nov 30, 2011 | $0.025 | |
| Oct 31, 2011 | $0.021 | |
| Sep 30, 2011 | $0.023 | |
| Aug 31, 2011 | $0.026 | |
| Jul 29, 2011 | $0.029 | |
| Jun 30, 2011 | $0.026 | |
| May 31, 2011 | $0.026 | |
| Apr 29, 2011 | $0.028 | |
| Mar 31, 2011 | $0.029 | |
| Feb 28, 2011 | $0.027 | |
| Jan 31, 2011 | $0.028 | |
| Dec 31, 2010 | $0.061 | |
| Nov 30, 2010 | $0.028 | |
| Oct 29, 2010 | $0.018 | |
| Sep 30, 2010 | $0.016 | |
| Aug 31, 2010 | $0.015 | |
| Jul 30, 2010 | $0.016 | |
| Jun 30, 2010 | $0.015 | |
| May 28, 2010 | $0.017 | |
| Apr 30, 2010 | $0.023 | |
| Mar 31, 2010 | $0.030 | |
| Feb 26, 2010 | $0.033 | |
| Jan 29, 2010 | $0.029 | |
| Dec 31, 2009 | $0.061 | |
| Nov 30, 2009 | $0.031 | |
| Oct 30, 2009 | $0.006 | |
| Sep 30, 2009 | $0.014 | |
| Aug 31, 2009 | $0.019 | |
| Jul 31, 2009 | $0.028 | |
| Jun 30, 2009 | $0.029 | |
| May 29, 2009 | $0.032 | |
| Apr 30, 2009 | $0.033 | |
| Mar 31, 2009 | $0.032 | |
| Feb 27, 2009 | $0.037 | |
| Jan 30, 2009 | $0.038 | |
| Dec 31, 2008 | $0.041 | |
| Nov 28, 2008 | $0.038 | |
| Oct 31, 2008 | $0.021 | |
| Sep 30, 2008 | $0.033 | |
| Aug 29, 2008 | $0.040 | |
| Jul 31, 2008 | $0.038 | |
| Jun 30, 2008 | $0.035 | |
| May 30, 2008 | $0.039 | |
| Apr 30, 2008 | $0.038 | |
| Mar 31, 2008 | $0.037 | |
| Feb 29, 2008 | $0.041 | |
| Jan 31, 2008 | $0.041 | |
| Dec 31, 2007 | $0.041 | |
| Nov 30, 2007 | $0.043 | |
| Oct 31, 2007 | $0.042 | |
| Sep 28, 2007 | $0.041 | |
| Aug 31, 2007 | $0.034 | |
| Jul 31, 2007 | $0.053 | |
| Jun 29, 2007 | $0.048 | |
| May 31, 2007 | $0.048 | |
| Apr 30, 2007 | $0.042 | |
| Mar 30, 2007 | $0.043 | |
| Feb 28, 2007 | $0.024 | |
| Jan 31, 2007 | $0.028 | |
| Dec 29, 2006 | $0.043 | |
| Nov 30, 2006 | $0.046 | |
| Oct 31, 2006 | $0.041 | |
| Sep 29, 2006 | $0.041 | |
| Aug 31, 2006 | $0.041 | |
| Jul 31, 2006 | $0.038 | |
| Jun 30, 2006 | $0.036 | |
| May 31, 2006 | $0.032 | |
| Apr 28, 2006 | $0.030 | |
| Mar 31, 2006 | $0.037 | |
| Feb 28, 2006 | $0.027 | |
| Jan 31, 2006 | $0.027 | |
| Nov 30, 2005 | $0.028 | |
| Oct 31, 2005 | $0.028 | |
| Sep 30, 2005 | $0.027 | |
| Aug 31, 2005 | $0.027 | |
| Jul 29, 2005 | $0.016 | |
| Jun 29, 2005 | $0.036 | |
| May 31, 2005 | $0.043 | |
| Apr 29, 2005 | $0.043 | |
| Mar 31, 2005 | $0.008 | |
| Feb 23, 2005 | $0.026 | |
| Jan 21, 2005 | $0.024 | |
| Dec 23, 2004 | $0.033 | |
| Nov 23, 2004 | $0.038 | |
| Oct 22, 2004 | $0.038 | |
| Sep 23, 2004 | $0.026 | |
| Aug 23, 2004 | $0.021 | |
| Jul 23, 2004 | $0.016 | |
| Jun 23, 2004 | $0.016 | |
| May 21, 2004 | $0.028 | |
| Apr 23, 2004 | $0.033 | |
| Mar 23, 2004 | $0.033 | |
| Feb 23, 2004 | $0.026 | |
| Jan 23, 2004 | $0.026 | |
| Dec 23, 2003 | $0.033 | |
| Nov 21, 2003 | $0.026 | |
| Oct 23, 2003 | $0.026 | |
| Sep 23, 2003 | $0.028 | |
| Aug 22, 2003 | $0.026 | |
| Jul 23, 2003 | $0.026 | |
| Jun 23, 2003 | $0.026 |
PBMNX - Fund Manager Analysis
Managers
William Armstrong
Start Date
Tenure
Tenure Rank
Dec 06, 2000
20.24
20.2%
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.
Randy Woodbury
Start Date
Tenure
Tenure Rank
Apr 30, 2020
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 32.18 | 6.93 | 1.67 |