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Mutual Funds Weekly Roundup: August 2
Brian Mathews
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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.
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| Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -1.4% | 6.6% | 35.49% |
| 1 Yr | 6.1% | -1.4% | 86.3% | 28.45% |
| 3 Yr | 1.1%* | -2.6% | 23.0% | 55.28% |
| 5 Yr | 0.4%* | -14.5% | 12.5% | 36.21% |
| 10 Yr | 1.3%* | -8.5% | 6.7% | 9.76% |
* Annualized
| Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 5.9% | -1.7% | 83.9% | 20.65% |
| 2018 | -5.1% | -11.7% | 4.6% | 92.68% |
| 2017 | 1.8% | -4.4% | 8.3% | 26.60% |
| 2016 | 1.4% | -58.1% | 7.7% | 14.93% |
| 2015 | -2.7% | -18.3% | 3.0% | 77.76% |
| Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -1.4% | 6.6% | 35.49% |
| 1 Yr | 6.1% | -1.4% | 86.3% | 28.63% |
| 3 Yr | 1.1%* | -2.6% | 23.0% | 62.32% |
| 5 Yr | 0.4%* | -14.5% | 12.5% | 48.84% |
| 10 Yr | 1.3%* | -8.5% | 7.1% | 25.21% |
* Annualized
| Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 5.9% | -1.7% | 83.9% | 21.34% |
| 2018 | -5.1% | -11.7% | 6.5% | 94.30% |
| 2017 | 1.8% | -4.4% | 10.4% | 37.25% |
| 2016 | 1.4% | -58.1% | 10.7% | 23.26% |
| 2015 | -2.7% | -14.6% | 4.2% | 84.02% |
| PRBDX | Category Low | Category High | PRBDX % Rank | |
|---|---|---|---|---|
| Net Assets | 571 M | 690 K | 259 B | 51.43% |
| Number of Holdings | 807 | 1 | 17590 | 20.61% |
| Net Assets in Top 10 | 114 M | -216 M | 23.5 B | 50.79% |
| Weighting of Top 10 | 24.98% | 2.3% | 144.8% | 38.71% |
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| Bonds | 98.41% | 80.02% | 160.64% | 37.24% |
| Convertible Bonds | 1.28% | 0.00% | 6.13% | 15.20% |
| Preferred Stocks | 0.68% | 0.00% | 7.43% | 3.76% |
| Stocks | 0.03% | -0.98% | 26.05% | 5.16% |
| Other | 0.02% | -8.60% | 31.85% | 12.47% |
| Cash | -0.42% | -60.64% | 19.63% | 90.18% |
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| Energy | 66.55% | 0.00% | 100.00% | 29.26% |
| Consumer Cyclical | 33.39% | 0.00% | 100.00% | 12.50% |
| Healthcare | 0.06% | 0.00% | 37.50% | 21.01% |
| Utilities | 0.00% | 0.00% | 100.00% | 73.14% |
| Technology | 0.00% | 0.00% | 100.00% | 68.35% |
| Real Estate | 0.00% | 0.00% | 100.00% | 69.95% |
| Industrials | 0.00% | 0.00% | 100.00% | 70.21% |
| Financial Services | 0.00% | 0.00% | 100.00% | 73.40% |
| Communication Services | 0.00% | 0.00% | 100.00% | 71.01% |
| Consumer Defense | 0.00% | 0.00% | 26.01% | 68.62% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 69.41% |
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| US | 0.03% | -1.58% | 16.58% | 4.70% |
| Non US | 0.00% | 0.00% | 9.62% | 66.02% |
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| Corporate | 39.47% | 0.00% | 99.29% | 16.52% |
| Securitized | 38.50% | 0.00% | 98.40% | 19.18% |
| Government | 18.81% | -2.21% | 122.41% | 33.19% |
| Cash & Equivalents | 3.22% | -29.57% | 21.18% | 39.18% |
| Derivative | 0.00% | -0.83% | 20.88% | 69.71% |
| Municipal | 0.00% | 0.00% | 100.11% | 91.97% |
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| US | 87.62% | 58.28% | 160.64% | 68.42% |
| Non US | 10.79% | -12.34% | 26.76% | 21.22% |
| PRBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.88% | 0.01% | 4.78% | 40.81% |
| Management Fee | 0.50% | 0.00% | 1.10% | 87.04% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.45% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
| PRBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 3.75% | 0.50% | 5.75% | 49.14% |
| Deferred Load | N/A | 0.25% | 5.50% | N/A |
| PRBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
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% | 0.00% | 1434.00% | 83.66% |
| PRBDX | Category Low | Category High | PRBDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.40% | 0.00% | 3.49% | 55.97% |
| PRBDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
| PRBDX | Category Low | Category High | PRBDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.75% | 0.00% | 6.30% | 41.42% |
| PRBDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
| 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 |
Start Date
Tenure
Tenure Rank
Dec 06, 2000
19.16
19.2%
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.
Start Date
Tenure
Tenure Rank
Dec 06, 2000
19.16
19.2%
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.
Start Date
Tenure
Tenure Rank
Jun 12, 2015
4.64
4.6%
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.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 33.19 | 7.45 | 0.08 |
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