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PRBDX Principal Core Plus Bond A

  • Fund
  • PRBDX
  • Price as of: Dec 02, 2016
  • $10.77
  • + $0.02
  • + 0.19%
  • Category
  • Total Bond Market

PRBDX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $4.01 B
  • Holdings in Top 10 14.8%

52 WEEK LOW AND HIGH

$10.77
$10.62
$11.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 208.30%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.16%
DIVIDENDS
  • Dividend Yield 0.3%
  • 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 Timothy R. Warrick

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 ±25% of the duration of the Barclays U.S. Aggregate Bond Index, which as of December 31, 2015 was 5.68 years.

PRBDX - Performance

Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.2% -8.1% 202.4% 25.61% 2
1 Yr 4.4% -12.6% 13.2% 32.27% 2
3 Yr 3.0% * -5.8% 8.5% 35.77% 2
5 Yr 3.2% * -2.8% 9.4% 37.32% 2
10 Yr 3.7% * -1.7% 9.8% 57.13% 3

* Annualized


Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.7% -33.0% 3.0% 32.15% 3
2014 2.1% -9.3% 14.9% 20.59% 2
2013 -3.5% -24.1% 40.4% 32.95% 3
2012 4.0% -100.0% 18.7% 21.47% 2
2011 2.8% -20.6% 15.5% 13.61% 1

Total Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.2% -7.3% 205.2% 38.19% 3
1 Yr 0.5% -12.6% 16.3% 75.73% 4
3 Yr 1.7% * -7.2% 8.5% 56.14% 3
5 Yr 2.4% * -3.7% 9.4% 53.53% 3
10 Yr 3.3% * -1.7% 9.8% 63.81% 4

* Annualized


Total Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.7% -32.5% 4.5% 52.98% 4
2014 2.1% -8.3% 16.8% 39.43% 3
2013 -3.5% -12.9% 58.5% 53.81% 4
2012 4.0% -100.0% 35.2% 43.16% 3
2011 2.8% -20.7% 18.1% 38.33% 3

NAV & Total Return History

PRBDX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

PRBDX Category Low Category High PRBDX % Rank Quintile
Net Assets 4.01 B 319 K 176 B 5.34% 2
Number of Holdings 1775 1 17569 1.98% 1
Net Assets in Top 10 171 M -36 B 21.3 B 12.00% 3
Weighting of Top 10 14.8% 0.0% 1093.9% 25.13% 5

Top 10 Holdings

  1. Us 2yr Note (Cbt) Dec16 1.90%
  2. Fannie Mae Single Family TBA 2.5% 2031-11-01 1.84%
  3. Buy Protection For 5.00000% Ice Credit Default Swap 1.77%
  4. Ginnie Mae Jumbos TBA 3% 2046-11-01 1.77%
  5. Buy Protection For 5.00000% Ice Credit Default Swap 1.60%
  6. US Treasury Bond 3.875% 1.39%
  7. Fed Natl Mort Assc 3.5% 1.20%
  8. US Treasury Bond 3.75% 1.15%
  9. US Treasury Note 1.375% 1.15%
  10. Us 10yr Ultra Fut Dec16 1.05%

Asset Allocation

Weighting Category Low Category High PRBDX % Rank Quintile
Bonds
99.29% -175.98% 192.68% 3.31% 1
Other
0.58% -30.71% 98.36% 10.58% 3
Preferred Stocks
0.38% -0.45% 17.13% 5.54% 2
Convertible Bonds
0.15% 0.00% 12.73% 4.93% 2
Stocks
0.10% -3.27% 98.09% 5.24% 1
Cash
-0.51% -96.63% 275.92% 24.87% 5

Stock Sector Breakdown

Weighting Category Low Category High PRBDX % Rank Quintile
Financial Services
0.03% -0.47% 17.99% 7.34% 2
Communication Services
0.03% -0.57% 8.42% 3.56% 1
Energy
0.03% -0.88% 10.68% 5.12% 2
Basic Materials
0.01% -0.43% 12.15% 4.89% 2
Healthcare
0.00% -1.47% 13.44% 4.34% 2
Industrials
0.00% -0.83% 11.90% 5.34% 2
Real Estate
0.00% -0.31% 15.95% 5.12% 2
Technology
0.00% -2.37% 18.95% 5.23% 2
Consumer Defense
0.00% -0.34% 13.63% 4.89% 2
Consumer Cyclical
0.00% -0.36% 12.25% 5.67% 3
Utilities
0.00% -0.13% 4.31% 5.34% 3

Stock Geographic Breakdown

Weighting Category Low Category High PRBDX % Rank Quintile
US
0.09% -2.87% 90.73% 4.93% 1
Non US
0.01% -1.22% 96.69% 2.95% 1

Bond Sector Breakdown

Weighting Category Low Category High PRBDX % Rank Quintile
Corporate
46.71% 0.00% 221.70% 9.36% 2
Securitized
44.43% 0.00% 105.84% 5.75% 1
Government
12.14% -389.49% 128.09% 18.87% 4
Municipal
0.00% 0.00% 105.76% 12.97% 4
Cash & Equivalents
-0.51% -63.55% 416.01% 24.87% 5
Derivative
-3.81% -513.07% 38.63% 5.49% 5

Bond Geographic Breakdown

Weighting Category Low Category High PRBDX % Rank Quintile
US
86.94% -370.09% 180.29% 9.00% 2
Non US
12.35% -45.82% 351.70% 14.55% 3

PRBDX - Expenses

Operational Fees

PRBDX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.88% 0.00% 42.51% 10.23% 3
Management Fee 0.49% 0.00% 2.15% 2.49% 4
12b-1 Fee 0.25% 0.00% 1.00% 1.91% 2
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

PRBDX Fees (% of AUM) Category Low Category High PRBDX Rank Quintile
Front Load 3.75% 0.00% 5.75% 2.38% 3
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

PRBDX Fees (% of AUM) Category Low Category High PRBDX 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.

PRBDX Fees (% of AUM) Category Low Category High PRBDX Rank Quintile
Turnover 208.30% 0.00% 1856.00% 6.11% 4

PRBDX - Distributions

Dividend Yield Analysis

PRBDX Category Low Category High PRBDX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.30% 12.50% 2

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRBDX Category Low Category High PRBDX % Rank Quintile
Net Income Ratio 2.16% -1.76% 17.13% 13.03% 3

Capital Gain Distribution Analysis

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

PRBDX - Managers

Timothy R. Warrick

Manager

Start Date

Dec 06, 2000

Tenure

15.91

Tenure Rank

1.2%

Timothy R. Warrick, CFA - Portfolio Manager and Head of Credit Trading 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.


William C. Armstrong

Manager

Start Date

Dec 06, 2000

Tenure

15.91

Tenure Rank

1.2%

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.


Tina Paris

Manager

Start Date

Jun 12, 2015

Tenure

1.39

Tenure Rank

8.0%

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

0.0

Category High

27.9

Category Average

6.07

Category Mode

4.8