Principal Core Plus Bond A

Snapshot

Compare

Profile

Performance

PRBDX - Snapshot

Vitals

YTD Return 6.5%
3 Yr Annualized Return 4.8%
5 Yr Annualized Return 4.1%
Net Assets $660 M
Holdings in Top 10 29.4%

52 WEEK LOW AND HIGH

$11.72

$10.61

$11.80

Expenses

OPERATING RELATED FEES

Expense Ratio N/A

SALES FEES

Front Load 3.75%
Deferred Load N/A

BROKERAGE FEES

Turnover 138.60%

TRADING FEES

Max Redemption Fee N/A

Min Investment

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

Fund Classification

Primary Theme
U.S. Intermediate-Term Bond Duration
Fund Type Open End Mutual Fund
Investment Style Intermediate Core-Plus Bond

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Total Bond Market Index Fund

Fund

$11.64

+0.26%

$293.42 B

$0.02

5.34%

Vanguard Total Bond Market Index Fund

BND | ETF

$88.37

+0.22%

$293.42 B

2.30%

$2.03

5.38%

Vanguard Total Bond Market II Index Fund

Fund

$11.56

+0.26%

$204.55 B

2.26%

$0.26

5.00%

Metropolitan West Total Return Bond Fund

Fund

$11.69

+0.17%

$89.02 B

1.67%

$0.19

6.86%

iShares Core U.S. Aggregate Bond ETF

AGG | ETF

$118.26

+0.17%

$81.57 B

2.23%

$2.64

5.24%

PRBDX - Profile

Distributions

YTD Total Return 6.5%
3 Yr Annualized Total Return 3.5%
5 Yr Annualized Total Return 3.4%
Capital Gain Distribution Frequency Annually
Net Income Ratio 2.75%

DIVIDENDS

Dividend Yield 0.0%
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. Under normal circumstances, the fund maintains an average portfolio duration that is within from 75% to 125% of the duration of the Bloomberg Barclays U.S. Aggregate Bond Index.

PRBDX - Performance

Return Ranking - Trailing

Period	PRBDX Return	Category Return Low	Category Return High	Rank in Category (%)
YTD	6.5%	-8.0%	951.5%	28.59%
1 Yr	7.0%	-4.8%	16.6%	21.64%
3 Yr	4.8%*	0.9%	8.1%	49.05%
5 Yr	4.1%*	1.0%	7.9%	45.66%
10 Yr	3.7%*	1.3%	7.5%	52.03%

* Annualized

Return Ranking - Calendar

Period	PRBDX Return	Category Return Low	Category Return High	Rank in Category (%)
2019	5.9%	-1.7%	13.9%	41.48%
2018	-5.1%	-10.3%	2.7%	93.60%
2017	1.8%	-49.5%	8.1%	26.63%
2016	1.4%	-49.3%	192.8%	18.79%
2015	-2.7%	-12.2%	0.2%	43.42%

Total Return Ranking - Trailing

Period	PRBDX Return	Category Return Low	Category Return High	Rank in Category (%)
YTD	6.5%	-8.0%	951.5%	28.59%
1 Yr	3.0%	-7.9%	16.6%	83.08%
3 Yr	3.5%*	0.4%	8.1%	84.32%
5 Yr	3.4%*	0.7%	7.9%	77.72%
10 Yr	3.3%*	1.3%	7.5%	72.54%

* Annualized

Total Return Ranking - Calendar

Period	PRBDX Return	Category Return Low	Category Return High	Rank in Category (%)
2019	5.9%	-1.7%	13.9%	42.87%
2018	-5.1%	-10.3%	3.9%	94.47%
2017	1.8%	-6.0%	8.4%	42.79%
2016	1.4%	-5.7%	204.3%	41.70%
2015	-2.7%	-12.2%	3.7%	61.06%

NAV & Total Return History

PRBDX - Holdings

Concentration Analysis

	PRBDX	Category Low	Category High	PRBDX % Rank
Net Assets	660 M	3.15 M	293 B	61.24%
Number of Holdings	934	1	18468	38.36%
Net Assets in Top 10	192 M	-1.17 B	39.4 B	58.10%
Weighting of Top 10	29.38%	3.1%	100.0%	44.18%

Top 10 Holdings

Principal Government Money Market Instl 5.94%
United States Treasury Bonds 3.12% 4.29%
10 Year Treasury Note Future Dec 20 4.18%
10 Year Treasury Note Future Dec 20 4.18%
10 Year Treasury Note Future Dec 20 4.18%
10 Year Treasury Note Future Dec 20 4.18%
10 Year Treasury Note Future Dec 20 4.18%
10 Year Treasury Note Future Dec 20 4.18%
10 Year Treasury Note Future Dec 20 4.18%
10 Year Treasury Note Future Dec 20 4.18%

Asset Allocation

	Weighting	Return Low	Return High	PRBDX % Rank
Bonds	102.85%	-56.20%	351.52%	12.56%
Convertible Bonds	3.48%	0.00%	11.80%	4.47%
Preferred Stocks	0.57%	0.00%	80.56%	10.43%
Other	0.01%	-14.22%	7.23%	13.59%
Stocks	0.00%	-0.16%	10.12%	92.37%
Cash	-6.92%	-238.91%	164.87%	88.55%

Bond Sector Breakdown

	Weighting	Return Low	Return High	PRBDX % Rank
Corporate	44.97%	0.00%	100.00%	23.28%
Securitized	32.76%	0.00%	98.42%	42.27%
Government	14.59%	0.00%	89.39%	70.20%
Cash & Equivalents	7.69%	0.00%	91.85%	36.87%
Derivative	0.00%	0.00%	23.62%	95.81%
Municipal	0.00%	0.00%	84.84%	98.51%

Bond Geographic Breakdown

	Weighting	Return Low	Return High	PRBDX % Rank
US	89.40%	-56.44%	336.16%	30.26%
Non US	13.45%	-144.79%	79.88%	29.05%

PRBDX - Expenses

Operational Fees

	PRBDX Fees (% of AUM)	Category Return Low	Category Return High	Rank in Category (%)
Expense Ratio	N/A	0.01%	21.33%	40.26%
Management Fee	0.51%	0.00%	0.85%	92.51%
12b-1 Fee	0.25%	0.00%	1.00%	59.59%
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%	1.50%	5.75%	72.22%
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	138.60%	3.00%	489.00%	60.63%

PRBDX - Distributions

Dividend Yield Analysis

	PRBDX	Category Low	Category High	PRBDX % Rank
Dividend Yield	0.00%	0.00%	3.92%	94.08%

Dividend Distribution Analysis

	PRBDX	Category Low	Category High	Category Mod
Dividend Distribution Frequency	Monthly	Quarterly	Monthly	Monthly

Net Income Ratio Analysis

	PRBDX	Category Low	Category High	PRBDX % Rank
Net Income Ratio	2.75%	-0.35%	11.28%	39.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

Date	Amount
Mar 29, 2019	$0.025
Feb 28, 2019	$0.019
Jan 31, 2019	$0.026
Dec 31, 2018	$0.027
Nov 30, 2018	$0.030
Oct 31, 2018	$0.031
Aug 31, 2018	$0.033
Jul 31, 2018	$0.027
Jun 29, 2018	$0.027
May 31, 2018	$0.028
Apr 30, 2018	$0.026
Mar 29, 2018	$0.027
Feb 28, 2018	$0.023
Jan 31, 2018	$0.026
Dec 29, 2017	$0.026
Nov 30, 2017	$0.024
Oct 31, 2017	$0.025
Sep 29, 2017	$0.024
Aug 31, 2017	$0.024
Jul 31, 2017	$0.023
Jun 30, 2017	$0.025
May 31, 2017	$0.024
Apr 28, 2017	$0.022
Mar 31, 2017	$0.026
Feb 28, 2017	$0.022
Jan 31, 2017	$0.023
Dec 30, 2016	$0.025
Nov 30, 2016	$0.019
Oct 31, 2016	$0.009
Sep 30, 2016	$0.018
Aug 31, 2016	$0.020
Jul 29, 2016	$0.021
Jun 30, 2016	$0.021
May 31, 2016	$0.020
Apr 29, 2016	$0.022
Mar 31, 2016	$0.021
Feb 29, 2016	$0.020
Jan 29, 2016	$0.018
Dec 31, 2015	$0.018
Nov 30, 2015	$0.014
Oct 30, 2015	$0.016
Sep 30, 2015	$0.014
Aug 31, 2015	$0.014
Jul 31, 2015	$0.016
Jun 30, 2015	$0.016
May 29, 2015	$0.020
Apr 30, 2015	$0.021
Mar 31, 2015	$0.023
Feb 27, 2015	$0.023
Jan 30, 2015	$0.026
Dec 31, 2014	$0.027
Nov 28, 2014	$0.025
Oct 31, 2014	$0.026
Sep 30, 2014	$0.021
Aug 29, 2014	$0.023
Jul 31, 2014	$0.023
Jun 30, 2014	$0.021
May 30, 2014	$0.021
Apr 30, 2014	$0.020
Mar 31, 2014	$0.020
Feb 28, 2014	$0.019
Jan 31, 2014	$0.022
Dec 31, 2013	$0.022
Nov 29, 2013	$0.022
Oct 31, 2013	$0.020
Sep 30, 2013	$0.017
Aug 30, 2013	$0.022
Jul 31, 2013	$0.020
Jun 28, 2013	$0.017
May 31, 2013	$0.021
Apr 30, 2013	$0.019
Mar 28, 2013	$0.020
Feb 28, 2013	$0.017
Jan 31, 2013	$0.018
Dec 31, 2012	$0.019
Nov 30, 2012	$0.025
Oct 31, 2012	$0.025
Sep 28, 2012	$0.020
Aug 31, 2012	$0.026
Jul 31, 2012	$0.024
Jun 29, 2012	$0.026
May 31, 2012	$0.028
Apr 30, 2012	$0.028
Mar 30, 2012	$0.031
Feb 29, 2012	$0.028
Jan 31, 2012	$0.028
Dec 30, 2011	$0.032
Nov 30, 2011	$0.028
Oct 31, 2011	$0.024
Sep 30, 2011	$0.026
Aug 31, 2011	$0.029
Jul 29, 2011	$0.032
Jun 30, 2011	$0.029
May 31, 2011	$0.029
Apr 29, 2011	$0.031
Mar 31, 2011	$0.032
Feb 28, 2011	$0.029
Jan 31, 2011	$0.031
Dec 31, 2010	$0.064
Nov 30, 2010	$0.031
Oct 29, 2010	$0.021
Sep 30, 2010	$0.018
Aug 31, 2010	$0.018
Jul 30, 2010	$0.019
Jun 30, 2010	$0.018
May 28, 2010	$0.020
Apr 30, 2010	$0.026
Mar 31, 2010	$0.033
Feb 26, 2010	$0.035
Jan 29, 2010	$0.032
Dec 31, 2009	$0.064
Nov 30, 2009	$0.033
Oct 30, 2009	$0.009
Sep 30, 2009	$0.017
Aug 31, 2009	$0.022
Jul 31, 2009	$0.031
Jun 30, 2009	$0.031
May 29, 2009	$0.035
Apr 30, 2009	$0.035
Mar 31, 2009	$0.034
Feb 27, 2009	$0.039
Jan 30, 2009	$0.041
Dec 31, 2008	$0.044
Nov 28, 2008	$0.041
Oct 31, 2008	$0.024
Sep 30, 2008	$0.036
Aug 29, 2008	$0.043
Jul 31, 2008	$0.040
Jun 30, 2008	$0.038
May 30, 2008	$0.042
Apr 30, 2008	$0.041
Mar 31, 2008	$0.039
Feb 29, 2008	$0.044
Jan 31, 2008	$0.044
Dec 31, 2007	$0.043
Nov 30, 2007	$0.046
Oct 31, 2007	$0.044
Sep 28, 2007	$0.043
Aug 31, 2007	$0.037
Jul 31, 2007	$0.055
Jun 29, 2007	$0.051
May 31, 2007	$0.051
Apr 30, 2007	$0.045
Mar 30, 2007	$0.046
Feb 28, 2007	$0.027
Jan 31, 2007	$0.031
Dec 29, 2006	$0.046
Nov 30, 2006	$0.050
Oct 31, 2006	$0.045
Sep 29, 2006	$0.045
Aug 31, 2006	$0.045
Jul 31, 2006	$0.042
Jun 30, 2006	$0.040
May 31, 2006	$0.037
Apr 28, 2006	$0.034
Mar 31, 2006	$0.042
Feb 28, 2006	$0.033
Jan 31, 2006	$0.033
Nov 30, 2005	$0.034
Oct 31, 2005	$0.034
Sep 30, 2005	$0.030
Aug 31, 2005	$0.030
Jul 29, 2005	$0.019
Jun 29, 2005	$0.039

View More +

PRBDX - Fund Manager Analysis

Managers

William Armstrong

Start Date

Tenure

Tenure Rank

Dec 06, 2000

19.92

19.9%

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.

Randy Woodbury

Start Date

Tenure

Tenure Rank

Apr 30, 2020

0.5

0.5%

Randy is a portfolio manager at Principal Global Investors. He is lead manager on all Global Investment Grade credit funds, all Global Multi-Sector funds and all Systematic Strategies. He is instrumental in developing strategy for all Investment Grade and Multi-Sector products as well as leading the Investment Strategy Group, ESG Working Group and Systematic Strategies Team. He received an MBA and a bachelor's degree, both in finance, from Iowa State University. Randy 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	Category High	Category Average	Category Mode
0.04	31.85	6.98	1.34

You have successfully subscribed to Advisor Access. Thank you!

Principal Core Plus Bond A

PRBDX - Snapshot

Vitals

52 WEEK LOW AND HIGH

Expenses

OPERATING RELATED FEES

SALES FEES

BROKERAGE FEES

TRADING FEES

Min Investment

Fund Classification

PRBDX - Profile

Distributions

Fund Details

Fund Description

PRBDX - Performance

Return Ranking - Trailing

Return Ranking - Calendar

Total Return Ranking - Trailing

Total Return Ranking - Calendar

NAV & Total Return History

PRBDX - Holdings

Concentration Analysis

Top 10 Holdings

Asset Allocation

Bond Sector Breakdown

Bond Geographic Breakdown

PRBDX - Expenses

Operational Fees

Sales Fees

Trading Fees

Related Fees

PRBDX - Distributions

Dividend Yield Analysis

Dividend Distribution Analysis

Net Income Ratio Analysis

Capital Gain Distribution Analysis

Dividend Payout History

PRBDX - Fund Manager Analysis

Managers

William Armstrong

Randy Woodbury

Tenure Analysis

Advertisement

Wait! Do you know all the important aspects of mutual funds?

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access