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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.26

$643 M

2.59%

$0.24

0.86%

Vitals

YTD Return

2.2%

1 yr return

-11.6%

3 Yr Avg Return

-6.1%

5 Yr Avg Return

-2.9%

Net Assets

$643 M

Holdings in Top 10

23.3%

52 WEEK LOW AND HIGH

$9.3
$8.71
$10.44

Expenses

OPERATING FEES

Expense Ratio 0.86%

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

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.26

$643 M

2.59%

$0.24

0.86%

PRBDX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return -6.1%
  • 5 Yr Annualized Total Return -2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 2.6%
  • 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. Such investments include securities issued or guaranteed by the U.S. government or its agencies or instrumentalities (including collateralized mortgage obligations); asset-backed securities and mortgage-backed securities (securitized products); corporate bonds; and foreign securities, including emerging market securities. The Fund invests in investment-grade securities and, with respect to up to 25% of its assets, in below investment grade securities (sometimes called “high yield” or “junk”), which are rated at the time of purchase Ba1 or lower by Moody’s Investors Service, Inc. (“Moody’s”) and BB+ or lower by S&P Global Ratings (“S&P Global”) (if the security has been rated by only one of those agencies, that rating will determine whether the security is below investment grade; if the security has not been rated by either of those agencies, those selecting such investments will determine whether the security is of a quality comparable to those rated below investment grade; if securities are rated differently by the rating agencies, the highest rating is used). The Fund is not managed to a particular maturity. Under normal circumstances, the Fund maintains an average portfolio duration that is within ±25% of the duration of the Bloomberg US Aggregate Bond Index, which as of December 31, 2021 was 6.78 years. The Fund’s strategies may result in the active and frequent trading of the Fund’s portfolio securities.The Fund enters into dollar roll transactions which may involve leverage. The Fund invests in derivatives, including Treasury futures and interest rate swaps to manage the fixed-income exposure (including for hedging purposes) and credit default swaps to increase or decrease, in an efficient manner, exposures to certain sectors or individual issuers. A derivative is a financial arrangement, the value of which is derived from, or based on, a traditional security, asset, or market index.
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PRBDX - Performance

Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -50.1% 8.6% 62.65%
1 Yr -11.6% -27.5% 145.1% 65.80%
3 Yr -6.1%* -13.2% 104.7% 85.16%
5 Yr -2.9%* -9.2% 55.7% 89.61%
10 Yr -1.7%* -7.1% 12.5% 69.69%

* Annualized

Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
2022 -16.3% -75.2% 1360.6% 58.57%
2021 -1.9% -14.5% 1027.9% 70.41%
2020 0.7% -9.6% 118.7% 86.02%
2019 1.4% -11.4% 5.8% 42.39%
2018 -1.0% -49.5% 12.4% 91.35%

Total Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -50.1% 8.6% 64.84%
1 Yr -11.6% -27.5% 145.1% 65.71%
3 Yr -6.1%* -13.2% 104.7% 85.16%
5 Yr -2.9%* -9.2% 55.7% 90.28%
10 Yr -1.7%* -7.1% 13.3% 82.66%

* Annualized

Total Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
2022 -16.3% -75.2% 131.9% 57.06%
2021 -1.9% -14.5% 1027.9% 70.31%
2020 0.7% -9.6% 118.7% 86.02%
2019 1.4% -11.4% 5.8% 43.86%
2018 -1.0% -7.0% 12.4% 92.70%

NAV & Total Return History


PRBDX - Holdings

Concentration Analysis

PRBDX Category Low Category High PRBDX % Rank
Net Assets 643 M 1.19 M 287 B 57.18%
Number of Holdings 809 1 17234 43.81%
Net Assets in Top 10 150 M -106 M 27.6 B 59.35%
Weighting of Top 10 23.33% 3.7% 100.0% 58.07%

Top 10 Holdings

  1. 10 Year Treasury Note Future Sept 21 7.98%
  2. 10 Year Treasury Note Future Sept 21 7.98%
  3. 10 Year Treasury Note Future Sept 21 7.98%
  4. 10 Year Treasury Note Future Sept 21 7.98%
  5. 10 Year Treasury Note Future Sept 21 7.98%
  6. 10 Year Treasury Note Future Sept 21 7.98%
  7. 10 Year Treasury Note Future Sept 21 7.98%
  8. 10 Year Treasury Note Future Sept 21 7.98%
  9. 10 Year Treasury Note Future Sept 21 7.98%
  10. 10 Year Treasury Note Future Sept 21 7.98%

Asset Allocation

Weighting Return Low Return High PRBDX % Rank
Bonds
97.07% 3.97% 268.18% 35.46%
Convertible Bonds
3.27% 0.00% 10.39% 7.77%
Preferred Stocks
0.57% 0.00% 77.13% 12.20%
Stocks
0.02% -0.98% 24.74% 24.57%
Other
0.00% -13.23% 23.06% 53.21%
Cash
-0.93% -181.13% 95.99% 81.39%

Stock Sector Breakdown

Weighting Return Low Return High PRBDX % Rank
Utilities
0.00% 0.00% 100.00% 94.65%
Technology
0.00% 0.00% 48.30% 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
0.02% -0.94% 24.47% 23.58%
Non US
0.00% -0.04% 4.86% 56.19%

Bond Sector Breakdown

Weighting Return Low Return High PRBDX % Rank
Corporate
44.97% 0.00% 100.00% 16.26%
Securitized
31.43% 0.00% 98.79% 44.53%
Government
14.28% 0.00% 86.23% 75.25%
Cash & Equivalents
9.23% 0.00% 95.99% 21.77%
Derivative
0.09% 0.00% 25.16% 28.64%
Municipal
0.00% 0.00% 100.00% 87.35%

Bond Geographic Breakdown

Weighting Return Low Return High PRBDX % Rank
US
85.40% 3.63% 210.09% 57.45%
Non US
11.67% -6.54% 58.09% 32.88%

PRBDX - Expenses

Operational Fees

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.01% 2.93% 24.43%
Management Fee 0.54% 0.00% 1.76% 93.27%
12b-1 Fee 0.25% 0.00% 1.00% 40.84%
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% 66.46%
Deferred Load N/A 1.00% 5.50% 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% 63.12%

PRBDX - Distributions

Dividend Yield Analysis

PRBDX Category Low Category High PRBDX % Rank
Dividend Yield 2.59% 0.00% 23.43% 71.53%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PRBDX Category Low Category High PRBDX % Rank
Net Income Ratio 1.54% -1.28% 8.97% 59.59%

Capital Gain Distribution Analysis

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

Distributions History

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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 6.77 1.16