Government & High Quality Bond Fund (f/k/a Mortgage Securities Fund)
Name
As of 07/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.89
$660 M
2.58%
$0.23
0.93%
Vitals
YTD Return
-0.1%
1 yr return
2.3%
3 Yr Avg Return
-3.4%
5 Yr Avg Return
-1.3%
Net Assets
$660 M
Holdings in Top 10
27.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.93%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 343.70%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$8.89
$660 M
2.58%
$0.23
0.93%
PMRJX - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return -3.4%
- 5 Yr Annualized Total Return -1.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.29%
- Dividend Yield 2.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGovernment & High Quality Bond Fund (f/k/a Mortgage Securities Fund)
-
Fund Family NamePrincipal Funds
-
Inception DateDec 16, 2008
-
Shares OutstandingN/A
-
Share ClassJ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBryan Davis
Fund Description
PMRJX - Performance
Return Ranking - Trailing
Period | PMRJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -3.9% | 16.6% | 80.09% |
1 Yr | 2.3% | -4.4% | 26.2% | 62.83% |
3 Yr | -3.4%* | -8.1% | 11.1% | 69.78% |
5 Yr | -1.3%* | -5.7% | 3.0% | 88.26% |
10 Yr | 0.3%* | -2.1% | 3.2% | 71.08% |
* Annualized
Return Ranking - Calendar
Period | PMRJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -1.0% | 22.1% | 11.95% |
2022 | -13.4% | -20.4% | -5.8% | 43.56% |
2021 | -2.9% | -7.1% | 16.6% | 43.18% |
2020 | 0.5% | -1.3% | 8.8% | 99.07% |
2019 | 3.5% | 0.3% | 7.1% | 44.08% |
Total Return Ranking - Trailing
Period | PMRJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -3.9% | 16.6% | 80.09% |
1 Yr | 2.3% | -4.4% | 26.2% | 62.83% |
3 Yr | -3.4%* | -8.1% | 11.1% | 69.78% |
5 Yr | -1.3%* | -5.7% | 3.0% | 88.26% |
10 Yr | 0.3%* | -2.1% | 3.2% | 71.08% |
* Annualized
Total Return Ranking - Calendar
Period | PMRJX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.7% | -0.5% | 28.8% | 29.20% |
2022 | -12.1% | -18.5% | -3.3% | 56.89% |
2021 | -1.8% | -4.5% | 25.3% | 55.91% |
2020 | 2.7% | -1.3% | 13.0% | 98.13% |
2019 | 6.3% | 1.8% | 11.3% | 28.91% |
NAV & Total Return History
PMRJX - Holdings
Concentration Analysis
PMRJX | Category Low | Category High | PMRJX % Rank | |
---|---|---|---|---|
Net Assets | 660 M | 9.43 M | 134 B | 55.31% |
Number of Holdings | 373 | 17 | 12495 | 50.88% |
Net Assets in Top 10 | 173 M | 5.3 M | 53 B | 61.95% |
Weighting of Top 10 | 27.12% | 4.6% | 98.5% | 72.12% |
Top 10 Holdings
- Fannie Mae or Freddie Mac 4.86%
- Ginnie Mae 4.02%
- Ginnie Mae 3.51%
- Fannie Mae or Freddie Mac 2.37%
- Ginnie Mae II Pool 2.25%
- Ginnie Mae II Pool 2.15%
- Freddie Mac Pool 2.07%
- Fannie Mae Pool 2.04%
- Ginnie Mae II Pool 2.01%
- Principal Government Money Market Fund - Class R-6 1.84%
Asset Allocation
Weighting | Return Low | Return High | PMRJX % Rank | |
---|---|---|---|---|
Bonds | 100.98% | 0.07% | 159.23% | 50.44% |
Other | 12.80% | -23.81% | 17.63% | 3.10% |
Cash | 1.84% | -20.28% | 27.92% | 48.67% |
Stocks | 0.00% | 0.00% | 96.18% | 75.66% |
Preferred Stocks | 0.00% | 0.00% | 0.11% | 75.66% |
Convertible Bonds | 0.00% | 0.00% | 3.29% | 76.11% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PMRJX % Rank | |
---|---|---|---|---|
Securitized | 79.37% | 0.00% | 99.79% | 30.97% |
Government | 8.02% | 0.00% | 100.00% | 68.14% |
Cash & Equivalents | 1.84% | 0.00% | 27.92% | 39.82% |
Corporate | 0.00% | 0.00% | 9.48% | 84.51% |
Municipal | 0.00% | 0.00% | 5.24% | 80.53% |
Derivative | -0.05% | -19.23% | 5.18% | 90.71% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PMRJX % Rank | |
---|---|---|---|---|
US | 100.98% | 0.07% | 159.23% | 50.44% |
Non US | 0.00% | 0.00% | 2.20% | 75.66% |
PMRJX - Expenses
Operational Fees
PMRJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.93% | 0.03% | 2.85% | 32.00% |
Management Fee | 0.49% | 0.00% | 0.85% | 83.19% |
12b-1 Fee | 0.15% | 0.00% | 1.00% | 18.87% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
PMRJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 4.50% | N/A |
Deferred Load | 1.00% | 1.00% | 4.50% | 81.48% |
Trading Fees
PMRJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
PMRJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 343.70% | 3.35% | 948.00% | 74.65% |
PMRJX - Distributions
Dividend Yield Analysis
PMRJX | Category Low | Category High | PMRJX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.58% | 0.00% | 4.94% | 83.63% |
Dividend Distribution Analysis
PMRJX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PMRJX | Category Low | Category High | PMRJX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.29% | -0.80% | 2.96% | 78.22% |
Capital Gain Distribution Analysis
PMRJX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.019 | OrdinaryDividend |
Mar 31, 2024 | $0.020 | OrdinaryDividend |
Feb 29, 2024 | $0.018 | OrdinaryDividend |
Jan 31, 2024 | $0.024 | OrdinaryDividend |
Dec 29, 2023 | $0.024 | OrdinaryDividend |
Nov 30, 2023 | $0.020 | OrdinaryDividend |
Oct 31, 2023 | $0.018 | OrdinaryDividend |
Sep 30, 2023 | $0.019 | OrdinaryDividend |
Aug 31, 2023 | $0.018 | OrdinaryDividend |
Jul 31, 2023 | $0.018 | OrdinaryDividend |
Jun 30, 2023 | $0.020 | OrdinaryDividend |
May 31, 2023 | $0.019 | OrdinaryDividend |
Apr 28, 2023 | $0.017 | OrdinaryDividend |
Mar 31, 2023 | $0.021 | OrdinaryDividend |
Feb 28, 2023 | $0.017 | OrdinaryDividend |
Jan 31, 2023 | $0.018 | OrdinaryDividend |
Dec 30, 2022 | $0.021 | OrdinaryDividend |
Nov 30, 2022 | $0.018 | OrdinaryDividend |
Oct 31, 2022 | $0.003 | OrdinaryDividend |
Sep 30, 2022 | $0.008 | OrdinaryDividend |
Aug 31, 2022 | $0.011 | OrdinaryDividend |
Jul 29, 2022 | $0.011 | OrdinaryDividend |
Jun 30, 2022 | $0.011 | OrdinaryDividend |
May 31, 2022 | $0.011 | OrdinaryDividend |
Apr 29, 2022 | $0.012 | OrdinaryDividend |
Mar 31, 2022 | $0.012 | OrdinaryDividend |
Feb 28, 2022 | $0.010 | OrdinaryDividend |
Jan 31, 2022 | $0.010 | OrdinaryDividend |
Dec 31, 2021 | $0.012 | OrdinaryDividend |
Nov 30, 2021 | $0.011 | OrdinaryDividend |
Oct 29, 2021 | $0.009 | OrdinaryDividend |
Sep 30, 2021 | $0.009 | OrdinaryDividend |
Aug 31, 2021 | $0.009 | OrdinaryDividend |
Jul 30, 2021 | $0.007 | OrdinaryDividend |
Jun 30, 2021 | $0.007 | OrdinaryDividend |
May 28, 2021 | $0.007 | OrdinaryDividend |
Apr 30, 2021 | $0.009 | OrdinaryDividend |
Mar 31, 2021 | $0.008 | OrdinaryDividend |
Feb 26, 2021 | $0.009 | OrdinaryDividend |
Jan 29, 2021 | $0.011 | OrdinaryDividend |
Dec 31, 2020 | $0.015 | OrdinaryDividend |
Nov 30, 2020 | $0.015 | OrdinaryDividend |
Oct 30, 2020 | $0.017 | OrdinaryDividend |
Sep 30, 2020 | $0.015 | OrdinaryDividend |
Aug 31, 2020 | $0.014 | OrdinaryDividend |
Jul 31, 2020 | $0.017 | OrdinaryDividend |
Jun 30, 2020 | $0.016 | OrdinaryDividend |
May 29, 2020 | $0.018 | OrdinaryDividend |
Apr 30, 2020 | $0.020 | OrdinaryDividend |
Mar 31, 2020 | $0.020 | OrdinaryDividend |
Feb 28, 2020 | $0.020 | OrdinaryDividend |
Jan 31, 2020 | $0.022 | OrdinaryDividend |
Dec 31, 2019 | $0.022 | OrdinaryDividend |
Nov 29, 2019 | $0.022 | OrdinaryDividend |
Oct 31, 2019 | $0.021 | OrdinaryDividend |
Sep 30, 2019 | $0.018 | OrdinaryDividend |
Aug 30, 2019 | $0.022 | OrdinaryDividend |
Jul 31, 2019 | $0.021 | OrdinaryDividend |
PMRJX - Fund Manager Analysis
Managers
Bryan Davis
Start Date
Tenure
Tenure Rank
Oct 17, 2019
2.62
2.6%
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.
Zach Gassmann
Start Date
Tenure
Tenure Rank
Oct 17, 2019
2.62
2.6%
Zach Gassmann has been with Principal® since 2007. He received a master’s degree in financial management from Drake University and a bachelor’s degree in accounting from Simpson College. Mr. Gassmann has earned the right to use the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.11 | 31.64 | 8.38 | 7.35 |