CCUGX: Principal Government & High Qual Bd C

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CCUGX Principal Government & High Qual Bd C


Profile

CCUGX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $1.61 B
  • Holdings in Top 10 31.8%

52 WEEK LOW AND HIGH

$10.59
$10.41
$10.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 23.20%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    Bryan Davis

Fund Description

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in debt securities issued by the U.S. government, its agencies or instrumentalities or debt securities that are rated, at the time of purchase, AAA by S&P Global or Aaa by Moody's, 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.


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Categories

Performance

CCUGX - Performance

Return Ranking - Trailing

Period CCUGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -4.3% 9.1% 87.86%
1 Yr 1.1% -4.6% 9.2% 78.64%
3 Yr 0.4%* -2.4% 3.4% 82.32%
5 Yr -0.7%* -13.7% 1.9% 91.41%
10 Yr -0.5%* -4.0% 2.0% 82.64%

* Annualized

Return Ranking - Calendar

Period CCUGX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -0.4% 7.1% 43.63%
2018 -2.1% -5.4% -0.7% 67.19%
2017 -1.8% -2.3% 0.9% 90.75%
2016 -2.2% -9.3% 1.4% 92.73%
2015 -2.3% -4.5% 3.3% 87.34%

Total Return Ranking - Trailing

Period CCUGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -4.3% 9.1% 87.86%
1 Yr 1.1% -4.6% 9.2% 78.64%
3 Yr 0.4%* -1.4% 5.1% 88.95%
5 Yr -0.7%* -13.7% 4.2% 95.71%
10 Yr -0.5%* -4.0% 6.9% 90.97%

* Annualized

Total Return Ranking - Calendar

Period CCUGX Return Category Return Low Category Return High Rank in Category (%)
2019 3.6% -0.2% 7.1% 48.53%
2018 -2.1% -3.4% 3.0% 78.13%
2017 -1.8% -1.9% 4.6% 93.64%
2016 -2.2% -9.3% 1.5% 95.15%
2015 -2.3% -4.5% 3.3% 96.84%

NAV & Total Return History


Holdings

CCUGX - Holdings

Concentration Analysis

CCUGX Category Low Category High CCUGX % Rank
Net Assets 1.61 B 1 M 27.2 B 31.90%
Number of Holdings 523 2 15496 40.95%
Net Assets in Top 10 362 M 0 8.51 B 39.52%
Weighting of Top 10 31.84% 0.0% 100.0% 54.12%

Top 10 Holdings

  1. Principal Government Money Market Instl 12.21%
  2. United States Treasury Bills 0.11% 4.70%
  3. 10 Year Treasury Note Future Sept 20 3.69%
  4. Federal National Mortgage Association 2.5% 3.06%
  5. Government National Mortgage Association 2.5% 2.30%
  6. US Treasury Bond Future Sept 20 1.44%
  7. Government National Mortgage Association 4% 1.34%
  8. Federal National Mortgage Association 2% 1.05%
  9. Chase Issuance Trust 0.37% 1.03%
  10. Government National Mortgage Association 3% 1.01%

Asset Allocation

Weighting Return Low Return High CCUGX % Rank
Bonds
86.60% 0.00% 135.78% 84.29%
Cash
13.40% -59.21% 100.00% 14.29%
Stocks
0.00% -0.02% 12.17% 37.14%
Preferred Stocks
0.00% 0.00% 0.01% 38.57%
Other
0.00% -1.60% 24.29% 42.86%
Convertible Bonds
0.00% 0.00% 0.25% 39.52%

Bond Sector Breakdown

Weighting Return Low Return High CCUGX % Rank
Securitized
79.62% 0.00% 98.03% 27.14%
Cash & Equivalents
19.41% 0.00% 100.00% 20.00%
Government
0.97% 0.00% 100.00% 72.38%
Derivative
0.00% 0.00% 8.89% 48.10%
Corporate
0.00% 0.00% 76.95% 53.81%
Municipal
0.00% 0.00% 14.41% 55.71%

Bond Geographic Breakdown

Weighting Return Low Return High CCUGX % Rank
US
86.60% 0.00% 134.92% 84.29%
Non US
0.00% 0.00% 4.77% 60.00%

Expenses

CCUGX - Expenses

Operational Fees

CCUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.03% 2.72% 11.27%
Management Fee 0.50% 0.00% 0.85% 79.52%
12b-1 Fee 1.00% 0.00% 1.00% 86.73%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

CCUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load 1.00% 1.00% 5.50% 37.93%

Trading Fees

CCUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

CCUGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.20% 0.00% 421.00% 25.29%

Distributions

CCUGX - Distributions

Dividend Yield Analysis

CCUGX Category Low Category High CCUGX % Rank
Dividend Yield 0.00% 0.00% 2.27% 41.43%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CCUGX Category Low Category High CCUGX % Rank
Net Income Ratio 1.22% 0.34% 3.60% 91.26%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

CCUGX - Fund Manager Analysis

Managers

Bryan Davis


Start Date

Tenure

Tenure Rank

Oct 17, 2019

0.87

0.9%

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

0.87

0.9%

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
0.32 29.89 8.46 5.6