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Trending ETFs

Name

As of 06/12/2024

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

$8.47

$10.4 B

3.91%

$0.33

0.35%

Vitals

YTD Return

0.0%

1 yr return

3.8%

3 Yr Avg Return

-2.7%

5 Yr Avg Return

0.4%

Net Assets

$10.4 B

Holdings in Top 10

5.5%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.80%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/12/2024

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

$8.47

$10.4 B

3.91%

$0.33

0.35%

PICNX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return -2.7%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.67%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Core Fixed Income Fund (f/k/a Income Fund)
  • Fund Family Name
    Principal Funds
  • Inception Date
    Nov 25, 2014
  • Shares Outstanding
    N/A
  • Share Class
    R6
  • Currency
    USD
  • Domiciled Country
    US
  • 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 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”), at the time of purchase. 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 is 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.
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PICNX - Performance

Return Ranking - Trailing

Period PICNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -7.1% 4.9% 45.13%
1 Yr 3.8% -6.7% 12.5% 48.49%
3 Yr -2.7%* -10.9% 26.1% 29.80%
5 Yr 0.4%* -7.2% 190.8% 37.31%
10 Yr N/A* -2.6% 73.5% 23.22%

* Annualized

Return Ranking - Calendar

Period PICNX Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -16.2% 8.1% 34.65%
2022 -15.0% -34.7% 131.9% 21.07%
2021 -4.0% -11.6% 4.4% 77.56%
2020 5.6% -10.1% 946.1% 20.85%
2019 5.6% -1.7% 16.9% 50.17%

Total Return Ranking - Trailing

Period PICNX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -7.1% 4.9% 45.13%
1 Yr 3.8% -6.7% 12.5% 48.49%
3 Yr -2.7%* -10.9% 26.1% 29.80%
5 Yr 0.4%* -7.2% 190.8% 37.31%
10 Yr N/A* -2.6% 73.5% 21.31%

* Annualized

Total Return Ranking - Calendar

Period PICNX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -11.3% 11.0% 45.56%
2022 -12.5% -32.2% 131.9% 17.15%
2021 -1.5% -9.4% 9.2% 70.55%
2020 8.6% -1.9% 1009.0% 43.48%
2019 9.3% 1.1% 21668.0% 37.17%

NAV & Total Return History


PICNX - Holdings

Concentration Analysis

PICNX Category Low Category High PICNX % Rank
Net Assets 10.4 B 2.9 M 314 B 17.09%
Number of Holdings 490 1 17816 62.84%
Net Assets in Top 10 577 M 1.57 M 34.8 B 41.59%
Weighting of Top 10 5.53% 4.4% 132.5% 98.99%

Top 10 Holdings

  1. Principal Government Money Market Fund - Class R-6 1.13%
  2. Fifth Third Bancorp 0.55%
  3. Biogen Inc 0.53%
  4. CARDS II Trust 0.53%
  5. American Tower Corp 0.48%
  6. Truist Bank 0.47%
  7. Bank of New York Mellon Corp/The 0.47%
  8. Ryder System Inc 0.46%
  9. Interstate Power and Light Co 0.46%
  10. American Honda Finance Corp 0.46%

Asset Allocation

Weighting Return Low Return High PICNX % Rank
Bonds
94.00% 0.00% 211.59% 56.08%
Other
4.62% -16.94% 53.20% 46.93%
Cash
1.19% -54.51% 87.74% 72.71%
Stocks
0.23% 0.00% 99.99% 12.66%
Preferred Stocks
0.00% 0.00% 74.98% 81.97%
Convertible Bonds
0.00% 0.00% 7.93% 96.75%

Stock Sector Breakdown

Weighting Return Low Return High PICNX % Rank
Industrials
48.31% 0.00% 48.31% 2.41%
Energy
42.84% 0.00% 100.00% 30.12%
Real Estate
8.84% 0.00% 99.26% 12.65%
Utilities
0.00% 0.00% 100.00% 76.51%
Technology
0.00% 0.00% 43.45% 77.11%
Healthcare
0.00% 0.00% 17.70% 75.90%
Financial Services
0.00% 0.00% 100.00% 83.73%
Communication Services
0.00% 0.00% 100.00% 78.31%
Consumer Defense
0.00% 0.00% 99.67% 77.11%
Consumer Cyclical
0.00% 0.00% 100.00% 80.72%
Basic Materials
0.00% 0.00% 100.00% 80.12%

Stock Geographic Breakdown

Weighting Return Low Return High PICNX % Rank
US
0.23% 0.00% 99.99% 12.59%
Non US
0.00% 0.00% 86.42% 74.12%

Bond Sector Breakdown

Weighting Return Low Return High PICNX % Rank
Corporate
49.55% 0.00% 100.00% 11.16%
Securitized
24.76% 0.00% 98.40% 68.97%
Government
18.66% 0.00% 86.23% 64.10%
Cash & Equivalents
1.19% 0.00% 83.04% 67.17%
Derivative
0.00% -9.72% 50.66% 78.15%
Municipal
0.00% 0.00% 100.00% 92.19%

Bond Geographic Breakdown

Weighting Return Low Return High PICNX % Rank
US
94.00% 0.00% 211.59% 50.76%
Non US
0.00% 0.00% 33.48% 84.29%

PICNX - Expenses

Operational Fees

PICNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.01% 39.10% 89.07%
Management Fee 0.33% 0.00% 1.76% 41.20%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

PICNX 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% 5.00% N/A

Trading Fees

PICNX 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.

PICNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.80% 2.00% 493.39% 1.90%

PICNX - Distributions

Dividend Yield Analysis

PICNX Category Low Category High PICNX % Rank
Dividend Yield 3.91% 0.00% 10.11% 67.14%

Dividend Distribution Analysis

PICNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

PICNX Category Low Category High PICNX % Rank
Net Income Ratio 1.67% -1.28% 4.79% 52.17%

Capital Gain Distribution Analysis

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

Distributions History

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PICNX - 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
0.08 33.43 6.78 1.16