Core Plus Bond Fund fka Bond & Mortgage Securities Fund
Name
As of 10/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.7%
1 yr return
12.8%
3 Yr Avg Return
-2.4%
5 Yr Avg Return
0.2%
Net Assets
$572 M
Holdings in Top 10
15.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.99%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 181.50%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRBDX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return -2.4%
- 5 Yr Annualized Total Return 0.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.54%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameCore Plus Bond Fund fka Bond & Mortgage Securities Fund
-
Fund Family NamePrincipal Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam Armstrong
Fund Description
PRBDX - Performance
Return Ranking - Trailing
Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.7% | -3.5% | 12.1% | 84.37% |
1 Yr | 12.8% | -0.8% | 28.0% | 58.02% |
3 Yr | -2.4%* | -9.7% | 28.5% | 80.32% |
5 Yr | 0.2%* | -7.2% | 59.0% | 60.21% |
10 Yr | 1.4%* | -2.7% | 73.9% | 62.75% |
* Annualized
Return Ranking - Calendar
Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.0% | -16.2% | 8.1% | 56.92% |
2022 | -16.3% | -34.7% | 131.9% | 57.50% |
2021 | -3.8% | -11.6% | 4.4% | 70.07% |
2020 | 2.0% | -10.1% | 946.1% | 86.85% |
2019 | 5.9% | -1.7% | 16.9% | 41.37% |
Total Return Ranking - Trailing
Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.7% | -3.5% | 12.1% | 84.37% |
1 Yr | 12.8% | -0.8% | 28.0% | 58.02% |
3 Yr | -2.4%* | -9.7% | 28.5% | 80.32% |
5 Yr | 0.2%* | -7.2% | 59.0% | 60.21% |
10 Yr | 1.4%* | -2.7% | 73.9% | 62.75% |
* Annualized
Total Return Ranking - Calendar
Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.1% | -11.3% | 11.9% | 81.44% |
2022 | -14.2% | -32.2% | 131.9% | 71.46% |
2021 | -0.8% | -9.4% | 9.2% | 41.89% |
2020 | 10.0% | -1.9% | 1009.0% | 18.82% |
2019 | 9.7% | 1.1% | 21668.0% | 27.07% |
NAV & Total Return History
PRBDX - Holdings
Concentration Analysis
PRBDX | Category Low | Category High | PRBDX % Rank | |
---|---|---|---|---|
Net Assets | 572 M | 2.9 M | 314 B | 65.41% |
Number of Holdings | 810 | 1 | 17787 | 47.96% |
Net Assets in Top 10 | 87.4 M | 1.62 M | 36.1 B | 74.44% |
Weighting of Top 10 | 15.44% | 4.4% | 432.9% | 76.69% |
Top 10 Holdings
- Principal Government Money Market Fund - Class R-6 4.08%
- Ginnie Mae II pool 1.73%
- Fannie Mae or Freddie Mac 1.61%
- Ginnie Mae 1.54%
- Fannie Mae or Freddie Mac 1.29%
- United States Treasury Bill 1.15%
- Ginnie Mae II Pool 1.07%
- Discover Card Execution Note Trust 1.07%
- Fannie Mae or Freddie Mac 0.99%
- JP Morgan Mortgage Trust 2024-2 0.92%
Asset Allocation
Weighting | Return Low | Return High | PRBDX % Rank | |
---|---|---|---|---|
Bonds | 92.66% | 0.00% | 993.61% | 65.41% |
Other | 12.94% | -16.55% | 52.94% | 17.59% |
Cash | 4.24% | -54.51% | 237.69% | 37.01% |
Convertible Bonds | 3.27% | 0.00% | 7.93% | 7.42% |
Preferred Stocks | 0.62% | 0.00% | 71.02% | 8.38% |
Stocks | 0.01% | 0.00% | 99.99% | 33.47% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PRBDX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 94.65% |
Technology | 0.00% | 0.00% | 43.45% | 94.12% |
Real Estate | 0.00% | 0.00% | 99.26% | 95.72% |
Industrials | 0.00% | 0.00% | 48.31% | 98.40% |
Healthcare | 0.00% | 0.00% | 17.70% | 94.12% |
Financial Services | 0.00% | 0.00% | 100.00% | 94.12% |
Energy | 0.00% | 0.00% | 100.00% | 16.04% |
Communication Services | 0.00% | 0.00% | 100.00% | 94.12% |
Consumer Defense | 0.00% | 0.00% | 99.67% | 93.05% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 94.12% |
Basic Materials | 0.00% | 0.00% | 100.00% | 94.12% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PRBDX % Rank | |
---|---|---|---|---|
US | 0.01% | 0.00% | 99.99% | 32.00% |
Non US | 0.00% | 0.00% | 86.16% | 4.40% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PRBDX % Rank | |
---|---|---|---|---|
Corporate | 44.97% | 0.00% | 100.00% | 16.27% |
Securitized | 31.43% | 0.00% | 98.40% | 44.39% |
Government | 14.28% | 0.00% | 86.23% | 76.21% |
Cash & Equivalents | 4.24% | -0.46% | 237.69% | 36.61% |
Derivative | 0.63% | -1.41% | 44.82% | 10.63% |
Municipal | 0.00% | 0.00% | 100.00% | 92.69% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PRBDX % Rank | |
---|---|---|---|---|
US | 92.66% | 0.00% | 993.61% | 58.69% |
Non US | 0.00% | 0.00% | 35.41% | 87.63% |
PRBDX - Expenses
Operational Fees
PRBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.99% | 0.01% | 39.64% | 26.62% |
Management Fee | 0.42% | 0.00% | 1.76% | 76.24% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 55.89% |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
PRBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 2.00% | 5.75% | 68.15% |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
PRBDX 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.
PRBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 181.50% | 2.00% | 493.39% | 63.13% |
PRBDX - Distributions
Dividend Yield Analysis
PRBDX | Category Low | Category High | PRBDX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.03% | 0.00% | 10.11% | 74.08% |
Dividend Distribution Analysis
PRBDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
PRBDX | Category Low | Category High | PRBDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.54% | -1.28% | 4.79% | 60.34% |
Capital Gain Distribution Analysis
PRBDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 25, 2024 | $0.031 | OrdinaryDividend |
Aug 27, 2024 | $0.030 | OrdinaryDividend |
Jul 26, 2024 | $0.031 | OrdinaryDividend |
Apr 25, 2024 | $0.028 | OrdinaryDividend |
Mar 25, 2024 | $0.027 | OrdinaryDividend |
Feb 26, 2024 | $0.024 | OrdinaryDividend |
Jan 26, 2024 | $0.024 | OrdinaryDividend |
Dec 27, 2023 | $0.033 | OrdinaryDividend |
Nov 27, 2023 | $0.028 | OrdinaryDividend |
Oct 26, 2023 | $0.026 | OrdinaryDividend |
Sep 26, 2023 | $0.024 | OrdinaryDividend |
Aug 28, 2023 | $0.024 | OrdinaryDividend |
Jul 26, 2023 | $0.022 | OrdinaryDividend |
Jun 27, 2023 | $0.020 | OrdinaryDividend |
May 25, 2023 | $0.021 | OrdinaryDividend |
Apr 25, 2023 | $0.020 | OrdinaryDividend |
Mar 28, 2023 | $0.019 | OrdinaryDividend |
Feb 23, 2023 | $0.016 | OrdinaryDividend |
Jan 26, 2023 | $0.020 | OrdinaryDividend |
Dec 28, 2022 | $0.029 | OrdinaryDividend |
Nov 23, 2022 | $0.028 | OrdinaryDividend |
Oct 31, 2022 | $0.018 | OrdinaryDividend |
Sep 30, 2022 | $0.016 | OrdinaryDividend |
Aug 31, 2022 | $0.011 | OrdinaryDividend |
Jul 29, 2022 | $0.016 | OrdinaryDividend |
Jun 30, 2022 | $0.016 | OrdinaryDividend |
May 31, 2022 | $0.015 | OrdinaryDividend |
Apr 29, 2022 | $0.016 | OrdinaryDividend |
Mar 31, 2022 | $0.016 | OrdinaryDividend |
Feb 28, 2022 | $0.014 | OrdinaryDividend |
Jan 31, 2022 | $0.015 | OrdinaryDividend |
Dec 31, 2021 | $0.019 | OrdinaryDividend |
Dec 20, 2021 | $0.129 | OrdinaryDividend |
Nov 30, 2021 | $0.017 | OrdinaryDividend |
Oct 29, 2021 | $0.018 | OrdinaryDividend |
Sep 30, 2021 | $0.019 | OrdinaryDividend |
Aug 31, 2021 | $0.018 | OrdinaryDividend |
Jul 30, 2021 | $0.018 | OrdinaryDividend |
Jun 30, 2021 | $0.016 | OrdinaryDividend |
May 28, 2021 | $0.015 | OrdinaryDividend |
Apr 30, 2021 | $0.017 | OrdinaryDividend |
Mar 31, 2021 | $0.014 | OrdinaryDividend |
Feb 26, 2021 | $0.013 | OrdinaryDividend |
Jan 29, 2021 | $0.013 | OrdinaryDividend |
Dec 31, 2020 | $0.016 | OrdinaryDividend |
Dec 18, 2020 | $0.532 | OrdinaryDividend |
Nov 30, 2020 | $0.016 | OrdinaryDividend |
Oct 30, 2020 | $0.024 | OrdinaryDividend |
Sep 30, 2020 | $0.018 | OrdinaryDividend |
Aug 31, 2020 | $0.020 | OrdinaryDividend |
Jul 31, 2020 | $0.025 | OrdinaryDividend |
Jun 30, 2020 | $0.021 | OrdinaryDividend |
May 29, 2020 | $0.019 | OrdinaryDividend |
Apr 30, 2020 | $0.023 | OrdinaryDividend |
Mar 31, 2020 | $0.021 | OrdinaryDividend |
Feb 28, 2020 | $0.022 | OrdinaryDividend |
Jan 31, 2020 | $0.025 | OrdinaryDividend |
Dec 31, 2019 | $0.082 | OrdinaryDividend |
Nov 29, 2019 | $0.032 | OrdinaryDividend |
Oct 31, 2019 | $0.022 | OrdinaryDividend |
Sep 30, 2019 | $0.024 | OrdinaryDividend |
Aug 30, 2019 | $0.028 | OrdinaryDividend |
Jul 31, 2019 | $0.026 | OrdinaryDividend |
Dec 31, 2007 | $0.043 | DailyAccrualFund |
Nov 30, 2007 | $0.046 | OrdinaryDividend |
Oct 31, 2007 | $0.044 | OrdinaryDividend |
Sep 28, 2007 | $0.043 | OrdinaryDividend |
Aug 31, 2007 | $0.037 | OrdinaryDividend |
Jul 31, 2007 | $0.055 | OrdinaryDividend |
Jun 29, 2007 | $0.051 | OrdinaryDividend |
May 31, 2007 | $0.051 | OrdinaryDividend |
Apr 30, 2007 | $0.045 | OrdinaryDividend |
Mar 30, 2007 | $0.046 | OrdinaryDividend |
Feb 28, 2007 | $0.027 | OrdinaryDividend |
Jan 31, 2007 | $0.031 | OrdinaryDividend |
Dec 29, 2006 | $0.046 | OrdinaryDividend |
Nov 30, 2006 | $0.050 | OrdinaryDividend |
Oct 31, 2006 | $0.045 | OrdinaryDividend |
Sep 29, 2006 | $0.045 | OrdinaryDividend |
Aug 31, 2006 | $0.045 | OrdinaryDividend |
Jul 31, 2006 | $0.042 | OrdinaryDividend |
Jun 30, 2006 | $0.040 | OrdinaryDividend |
May 31, 2006 | $0.037 | OrdinaryDividend |
Apr 28, 2006 | $0.034 | OrdinaryDividend |
Mar 31, 2006 | $0.042 | OrdinaryDividend |
Feb 28, 2006 | $0.033 | OrdinaryDividend |
Jan 31, 2006 | $0.033 | OrdinaryDividend |
Nov 30, 2005 | $0.034 | OrdinaryDividend |
Oct 31, 2005 | $0.034 | OrdinaryDividend |
Sep 30, 2005 | $0.030 | OrdinaryDividend |
Aug 31, 2005 | $0.030 | OrdinaryDividend |
Jul 29, 2005 | $0.019 | OrdinaryDividend |
Jun 29, 2005 | $0.039 | OrdinaryDividend |
PRBDX - Fund Manager Analysis
Managers
William Armstrong
Start Date
Tenure
Tenure Rank
Dec 06, 2000
21.5
21.5%
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.
Bryan Davis
Start Date
Tenure
Tenure Rank
Mar 25, 2022
0.18
0.2%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.78 | 1.16 |