PRBDX: Principal Core Plus Bond Fund - MutualFunds.com
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Principal Core Plus Bond A

PRBDX - Snapshot

Vitals

  • YTD Return -2.8%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 4.2%
  • Net Assets $699 M
  • Holdings in Top 10 26.2%

52 WEEK LOW AND HIGH

$10.95
$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 167.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

Compare PRBDX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard Total Bond Market Index Fund

BND | ETF

$85.10

-0.06%

$302.90 B

2.19%

$1.87

-3.50%

0.04%

Vanguard Total Bond Market Index Fund

Fund

$11.23

-0.09%

$302.90 B

-

$0.00

-3.36%

0.15%

Vanguard Total Bond Market II Index Fund

Fund

$11.09

-0.27%

$230.83 B

2.12%

$0.24

-3.23%

0.09%

Metropolitan West Total Return Bond Fund

Fund

$10.88

-0.09%

$87.56 B

1.43%

$0.16

-2.68%

0.67%

iShares Core U.S. Aggregate Bond ETF

AGG | ETF

$114.28

-0.07%

$85.94 B

2.13%

$2.43

-3.31%

0.05%

PRBDX - Profile

Distributions

  • YTD Total Return -2.8%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.12%
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 -2.8% -4.6% 7.8% 53.19%
1 Yr 3.5% -9.0% 17.3% 27.50%
3 Yr 5.4%* 0.9% 9.9% 47.36%
5 Yr 4.2%* 1.1% 8.5% 41.68%
10 Yr 3.6%* 1.4% 8.2% 61.26%

* Annualized

Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
2020 2.0% -10.1% 946.1% 86.83%
2019 5.9% -2.6% 13.9% 41.56%
2018 -5.1% -10.3% 2.7% 93.66%
2017 1.8% -49.5% 8.1% 26.61%
2016 1.4% -49.3% 192.8% 18.68%

Total Return Ranking - Trailing

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.8% -4.6% 7.8% 53.19%
1 Yr -0.4% -9.0% 17.3% 87.67%
3 Yr 4.0%* 0.9% 9.9% 87.04%
5 Yr 3.4%* 1.1% 8.5% 75.43%
10 Yr 3.2%* 1.4% 8.2% 77.67%

* Annualized

Total Return Ranking - Calendar

Period PRBDX Return Category Return Low Category Return High Rank in Category (%)
2020 2.0% -10.1% 946.1% 86.83%
2019 5.9% -2.6% 13.9% 43.07%
2018 -5.1% -10.3% 3.9% 94.54%
2017 1.8% -6.0% 8.4% 43.02%
2016 1.4% -5.7% 204.3% 41.89%

NAV & Total Return History

PRBDX - Holdings

Concentration Analysis

PRBDX Category Low Category High PRBDX % Rank
Net Assets 699 M 1.81 M 303 B 60.57%
Number of Holdings 882 1 18501 41.22%
Net Assets in Top 10 186 M -1.14 B 45.6 B 59.61%
Weighting of Top 10 26.17% 3.3% 100.0% 48.73%

Top 10 Holdings

  1. 10 Year Treasury Note Future Dec 20 4.18%
  2. 10 Year Treasury Note Future Dec 20 4.18%
  3. 10 Year Treasury Note Future Dec 20 4.18%
  4. 10 Year Treasury Note Future Dec 20 4.18%
  5. 10 Year Treasury Note Future Dec 20 4.18%
  6. 10 Year Treasury Note Future Dec 20 4.18%
  7. 10 Year Treasury Note Future Dec 20 4.18%
  8. 10 Year Treasury Note Future Dec 20 4.18%
  9. 10 Year Treasury Note Future Dec 20 4.18%
  10. 10 Year Treasury Note Future Dec 20 4.18%

Asset Allocation

Weighting Return Low Return High PRBDX % Rank
Bonds 		100.84% -54.98% 286.91% 13.49%
Convertible Bonds 		3.12% 0.00% 8.68% 7.76%
Preferred Stocks 		0.55% 0.00% 84.28% 13.86%
Stocks 		0.09% -0.28% 10.37% 11.65%
Other 		0.00% -15.11% 6.89% 78.65%
Cash 		-4.59% -195.83% 163.97% 87.80%

Stock Sector Breakdown

Weighting Return Low Return High PRBDX % Rank
Energy 		99.77% 0.00% 100.00% 20.13%
Healthcare 		0.14% 0.00% 44.69% 16.67%
Communication Services 		0.09% 0.00% 100.00% 32.08%
Utilities 		0.00% 0.00% 100.00% 83.96%
Technology 		0.00% 0.00% 41.05% 79.25%
Real Estate 		0.00% 0.00% 100.00% 81.13%
Industrials 		0.00% 0.00% 31.58% 83.02%
Financial Services 		0.00% 0.00% 100.00% 87.42%
Consumer Defense 		0.00% 0.00% 18.43% 80.50%
Consumer Cyclical 		0.00% 0.00% 100.00% 81.45%
Basic Materials 		0.00% 0.00% 22.80% 81.13%

Stock Geographic Breakdown

Weighting Return Low Return High PRBDX % Rank
US 		0.09% -0.28% 8.20% 10.17%
Non US 		0.00% 0.00% 3.59% 85.58%

Bond Sector Breakdown

Weighting Return Low Return High PRBDX % Rank
Corporate 		48.89% 0.00% 100.00% 16.73%
Securitized 		31.47% 0.00% 98.48% 44.36%
Government 		12.06% 0.00% 78.71% 80.04%
Cash & Equivalents 		7.58% 0.00% 56.38% 42.88%
Derivative 		0.00% 0.00% 22.31% 89.56%
Municipal 		0.00% 0.00% 100.00% 96.12%

Bond Geographic Breakdown

Weighting Return Low Return High PRBDX % Rank
US 		86.64% -55.23% 255.76% 38.08%
Non US 		14.20% -92.93% 44.24% 29.30%

PRBDX - Expenses

Operational Fees

PRBDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 19.93% 40.26%
Management Fee 0.55% 0.00% 0.85% 94.95%
12b-1 Fee 0.25% 0.00% 1.00% 54.51%
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% 70.21%
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 167.00% 3.00% 484.45% 67.75%

PRBDX - Distributions

Dividend Yield Analysis

PRBDX Category Low Category High PRBDX % Rank
Dividend Yield 0.00% 0.00% 3.28% 84.49%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PRBDX Category Low Category High PRBDX % Rank
Net Income Ratio 2.12% -0.39% 11.28% 63.62%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PRBDX - Fund Manager Analysis

Managers

William Armstrong

Start Date

Tenure

Tenure Rank

Dec 06, 2000

20.24

20.2%

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.

Randy Woodbury

Start Date

Tenure

Tenure Rank

Apr 30, 2020

0.83

0.8%

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
0.01 32.18 6.95 1.67

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