PRBDX: Principal Core Plus Bond A

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PRBDX Principal Core Plus Bond A


Profile

PRBDX - Profile

Vitals

  • YTD Return 2.4%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $571 M
  • Holdings in Top 10 26.7%

52 WEEK LOW AND HIGH

$11.30
$10.54
$11.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 138.60%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.75%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Principal Core Plus Bond Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Jun 28, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    William 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. Under normal circumstances, the fund maintains an average portfolio duration that is within from 75% to 125% of the duration of the Bloomberg Barclays U.S. Aggregate Bond Index.


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Categories

Performance

PRBDX - Performance

Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -2.4% 9.5% 38.26%
1 Yr 7.0% -3.2% 25.4% 28.09%
3 Yr 1.3%* -3.0% 5.6% 55.59%
5 Yr 0.5%* -3.0% 12.5% 37.23%
10 Yr 1.3%* -5.2% 3.9% 10.81%

* Annualized

Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -1.7% 18.3% 20.86%
2018 -5.1% -11.7% 4.6% 92.23%
2017 1.8% -4.4% 8.3% 26.97%
2016 1.4% -7.8% 7.7% 15.13%
2015 -2.7% -18.3% 3.0% 77.34%

Total Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -2.4% 9.5% 38.26%
1 Yr 7.0% -3.2% 25.4% 27.98%
3 Yr 1.3%* -3.0% 8.1% 62.73%
5 Yr 0.5%* -3.0% 12.5% 49.88%
10 Yr 1.3%* -1.3% 7.0% 26.76%

* Annualized

Total Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
2019 5.9% -1.7% 18.3% 21.55%
2018 -5.1% -11.7% 6.5% 94.28%
2017 1.8% -4.4% 10.4% 37.58%
2016 1.4% -7.8% 10.7% 23.63%
2015 -2.7% -12.6% 4.2% 84.03%

NAV & Total Return History


Holdings

PRBDX - Holdings

Concentration Analysis

PRBDX Category Low Category High PRBDX % Rank
Net Assets 571 M 690 K 259 B 51.52%
Number of Holdings 828 1 17668 19.58%
Net Assets in Top 10 125 M -216 M 21.4 B 49.16%
Weighting of Top 10 26.69% 2.5% 100.0% 35.13%

Top 10 Holdings

  1. 10 Year Treasury Note Future Mar 20 4.26%
  2. United States Treasury Bonds 3.12% 3.71%
  3. United States Treasury Bonds 3.88% 3.46%
  4. United States Treasury Notes 3% 3.08%
  5. 5 Year Treasury Note Future Mar 20 2.36%
  6. Federal National Mortgage Association 3.5% 2.17%
  7. Federal Home Loan Mortgage Corporation 4% 1.99%
  8. ICE CREDIT DEFAULT SWAP 1.91%
  9. United States Treasury Bonds 3% 1.90%
  10. United States Treasury Notes 2.5% 1.85%

Asset Allocation

Weighting Return Low Return High PRBDX % Rank
Bonds
99.89% 80.02% 159.74% 18.61%
Convertible Bonds
1.22% 0.00% 7.23% 17.04%
Preferred Stocks
0.67% 0.00% 7.43% 3.75%
Stocks
0.04% -0.98% 25.43% 4.82%
Other
0.02% -8.60% 31.85% 12.29%
Cash
-1.85% -59.74% 19.63% 92.68%

Stock Sector Breakdown

Weighting Return Low Return High PRBDX % Rank
Consumer Cyclical
69.74% 0.00% 100.00% 9.61%
Energy
30.26% 0.00% 100.00% 38.96%
Utilities
0.00% 0.00% 100.00% 88.57%
Technology
0.00% 0.00% 90.06% 87.79%
Real Estate
0.00% 0.00% 100.00% 85.45%
Industrials
0.00% 0.00% 100.00% 86.23%
Healthcare
0.00% 0.00% 37.50% 86.49%
Financial Services
0.00% 0.00% 100.00% 88.05%
Communication Services
0.00% 0.00% 100.00% 87.27%
Consumer Defense
0.00% 0.00% 26.01% 85.45%
Basic Materials
0.00% 0.00% 100.00% 86.49%

Stock Geographic Breakdown

Weighting Return Low Return High PRBDX % Rank
US
0.04% -1.58% 17.13% 4.61%
Non US
0.00% 0.00% 9.42% 84.92%

Bond Sector Breakdown

Weighting Return Low Return High PRBDX % Rank
Corporate
37.23% 0.00% 99.62% 17.61%
Securitized
36.49% 0.00% 98.40% 21.79%
Government
20.39% -2.21% 122.41% 31.44%
Cash & Equivalents
4.15% -29.57% 27.25% 30.73%
Derivative
1.74% -0.83% 22.35% 4.93%
Municipal
0.00% 0.00% 100.11% 96.78%

Bond Geographic Breakdown

Weighting Return Low Return High PRBDX % Rank
US
88.78% 58.28% 156.78% 64.88%
Non US
11.11% -12.35% 26.76% 19.47%

Expenses

PRBDX - Expenses

Operational Fees

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.01% 38.00% 40.80%
Management Fee 0.50% 0.00% 1.10% 89.06%
12b-1 Fee 0.25% 0.00% 1.00% 55.61%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 52.95%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

PRBDX 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.

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 138.60% 0.00% 489.00% 85.60%

Distributions

PRBDX - Distributions

Dividend Yield Analysis

PRBDX Category Low Category High PRBDX % Rank
Dividend Yield 0.39% 0.00% 3.16% 51.09%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PRBDX Category Low Category High PRBDX % Rank
Net Income Ratio 2.75% 0.00% 6.30% 41.50%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRBDX - Fund Manager Analysis

Managers

William Armstrong


Start Date

Tenure

Tenure Rank

Dec 06, 2000

19.16

19.2%

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.

Timothy Warrick


Start Date

Tenure

Tenure Rank

Dec 06, 2000

19.16

19.2%

Timothy is a portfolio manager at Principal Global Fixed Income with responsibility for the corporate and U.S. multi-sector portfolios. He also serves as portfolio management team leader with responsibility for overseeing portfolio management functions for all total return fixed income products. As part of his portfolio management duties, Tim also oversees the corporate bond trading desk. Prior to his portfolio management responsibilities with the firm, Tim was a fixed income credit analyst. He joined the Principal Global Investors, LLC in 1990. Tim also spent two years with ReliaStar Investment Research, Inc., where he was responsible for multiple sectors, including asset-backed securities, corporate bonds, mezzanine debt and leveraged bank loans. Tim received an MBA in finance from Drake University and a bachelor’s degree in accounting and economics from Simpson College. He has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute.

Tina Paris


Start Date

Tenure

Tenure Rank

Jun 12, 2015

4.64

4.6%

Tina is a portfolio manager at Principal Global Fixed Income. She is responsible for the management of multi-sector portfolios including core plus, opportunistic and liability driven strategies. Tina joined the firm in 2001 as a credit research associate before moving into her current position in 2004. She received an MBA with an emphasis in finance from the University of Iowa and a bachelor's degree in finance and economics from the University of Northern Iowa. Tina 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
0.02 33.19 7.42 0.08