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CCUGX Principal Government & High Qual Bd C

  • Fund
  • CCUGX
  • Price as of: Jul 26, 2017
  • $10.48
  • + $0.03
  • + 0.29%
  • Category
  • Government Bonds

CCUGX - Profile

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 0.7%
  • Net Assets $1.54 B
  • Holdings in Top 10 9.1%

52 WEEK LOW AND HIGH

$10.48
$10.41
$10.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.63%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 31.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Government Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate Government

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.08%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Principal Government & High Quality Bond Fund
  • Fund Family Name Principal Funds
  • Inception Date Mar 01, 2002
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager John R. Friedl

Fund Description

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities issued by the U.S. government, its agencies or instrumentalities or securities that are rated AAA by S&P Global Ratings or Aaa by Moody's, or, if unrated, in the opinion of those selecting such investments, are of comparable quality including but not limited to mortgage securities such as agency and non-agency collateralized mortgage obligations, and other obligations that are secured by mortgages or mortgage-backed securities at the time of purchase.

CCUGX - Performance

Return Ranking - Trailing

Period CCUGX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.7% -10.6% 8.6% 57.39% 5
1 Yr -1.8% -14.1% 56.6% 73.38% 4
3 Yr 0.6% * -4.2% 8.3% 67.61% 4
5 Yr 0.7% * -3.2% 3.4% 56.36% 3
10 Yr 3.0% * -1.2% 10.7% 56.05% 3

* Annualized

Return Ranking - Calendar

Period CCUGX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.2% -9.3% 3.1% 63.00% 5
2015 -2.3% -46.1% 4.2% 51.10% 4
2014 2.0% -8.3% 41.3% 32.20% 3
2013 -4.6% -26.8% 3.1% 41.69% 3
2012 0.6% -24.0% 9.1% 13.94% 1

Total Return Ranking - Trailing

Period CCUGX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.7% -10.6% 8.6% 56.68% 5
1 Yr -2.8% -14.1% 14.8% 67.25% 4
3 Yr 0.6% * -3.0% 8.3% 54.93% 3
5 Yr 0.7% * -3.2% 3.9% 47.11% 3
10 Yr 3.0% * -1.2% 20.4% 53.18% 3

* Annualized

Total Return Ranking - Calendar

Period CCUGX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.2% -7.9% 3.8% 70.08% 5
2015 -2.3% -7.8% 5.6% 67.96% 5
2014 2.0% -8.8% 51.5% 44.35% 3
2013 -4.6% -26.7% 3.2% 56.01% 4
2012 0.6% -2.0% 16.7% 42.07% 3

NAV & Total Return History

CCUGX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

CCUGX Category Low Category High CCUGX % Rank Quintile
Net Assets 1.54 B 1.2 M 25 B 6.17% 1
Number of Holdings 569 7 17627 6.42% 2
Net Assets in Top 10 140 M -31.1 M 10.9 B 20.25% 3
Weighting of Top 10 9.1% 0.0% 2160.3% 38.77% 5

Top 10 Holdings

  1. US Treasury Note 3.125% 1.23%
  2. FHLMC 3.5% 1.08%
  3. GNMA CMO 3% 0.92%
  4. FNMA 3.5% 0.87%
  5. FNMA 4% 0.87%
  6. FNMA 4% 0.84%
  7. FNMA 3% 0.83%
  8. FNMA 3% 0.82%
  9. US Treasury Note 1% 0.82%
  10. US Treasury Bond 5.25% 0.81%

Asset Allocation

Weighting Category Low Category High CCUGX % Rank Quintile
Bonds 		99.20% 0.00% 151.69% 10.86% 2
Cash 		0.80% -51.69% 100.00% 25.19% 4
Stocks 		0.00% 0.00% 15.23% 0.99% 5
Preferred Stocks 		0.00% 0.00% 0.64% 0.99% 5
Other 		0.00% -16.55% 9.74% 9.63% 5
Convertible Bonds 		0.00% 0.00% 0.03% 0.49% 5

Bond Sector Breakdown

Weighting Category Low Category High CCUGX % Rank Quintile
Securitized 		94.35% 0.00% 159.16% 6.91% 2
Government 		4.85% -27.49% 108.17% 31.11% 4
Cash & Equivalents 		0.80% -85.43% 100.00% 24.94% 4
Derivative 		0.00% -33.10% 36.62% 0.49% 5
Corporate 		0.00% 0.00% 76.92% 16.54% 5
Municipal 		0.00% 0.00% 18.07% 6.17% 5

Bond Geographic Breakdown

Weighting Category Low Category High CCUGX % Rank Quintile
US 		99.20% -210.59% 151.69% 9.88% 2
Non US 		0.00% 0.00% 272.38% 14.81% 5

CCUGX - Expenses

Operational Fees

CCUGX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.63% 0.04% 8.57% 11.85% 5
Management Fee 0.50% 0.00% 0.95% 3.46% 4
12b-1 Fee 1.00% 0.00% 1.00% 0.40% 5
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

CCUGX Fees (% of AUM) Category Low Category High CCUGX Rank Quintile
Front Load N/A 0.40% 4.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 7.37% 3

Trading Fees

CCUGX Fees (% of AUM) Category Low Category High CCUGX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

CCUGX Fees (% of AUM) Category Low Category High CCUGX Rank Quintile
Turnover 31.40% 0.00% 1536.00% 25.56% 1

CCUGX - Distributions

Dividend Yield Analysis

CCUGX Category Low Category High CCUGX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.47% 23.86% 2

Dividend Distribution Analysis

CCUGX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History

View More History

Net Income Ratio Analysis

CCUGX Category Low Category High CCUGX % Rank Quintile
Net Income Ratio 2.08% -3.48% 3.82% 13.33% 1

Capital Gain Distribution Analysis

CCUGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

CCUGX - Managers

John R. Friedl

Manager

Start Date

May 19, 2010

Tenure

7.12

Tenure Rank

8.8%

Mr. Friedl is a portfolio manager for Edge Asset Management. He joined Edge in 1998 and has over 13 years of industry experience. Previously, he was an agency coordinator for Northern Life. He received a master's degree in finance from Seattle University and a bachelor's degree in communications and history from the University of Washington. Mr. Friedl has earned the right to use the Chartered Financial Analyst designation.

Gregory L. Tornga

Manager

Start Date

Jul 01, 2011

Tenure

6.0

Tenure Rank

10.3%

Mr. Tornga is Head of Fixed Income at Edge Asset Management and also serves as a portfolio manager. He joined Edge in 2011. Previously, Greg was a senior vice president for Payden & Rygel Investment Management in Los Angeles, where he served as the Head of Investment Grade Credit Strategy. He received an M.B.A. from the Argyros School of Business & Economics at Chapman University and a bachelor’s degree from the University of Michigan. Mr. Tornga has earned the right to use the Charted Financial Analyst designation.

Ryan P. McCann

Manager

Start Date

May 19, 2010

Tenure

7.12

Tenure Rank

8.8%

Mr. McCann has been a portfolio manager for Edge Asset Management since 2010. Previously, he was a portfolio manager and trader of structured mortgage products for Columbia Asset Management. He has a bachelor’s degree in business administration from Washington State University. Mr. McCann has earned the right to use the Chartered Financial Analyst designation.

Scott J. Peterson

Manager

Start Date

Jan 01, 2010

Tenure

7.5

Tenure Rank

8.3%

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

0.0

Category High

31.5

Category Average

6.58

Category Mode

2.5

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