Principal Core Plus Bond A
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-1.1%
1 yr return
1.5%
3 Yr Avg Return
5.9%
5 Yr Avg Return
3.5%
Net Assets
$714 M
Holdings in Top 10
31.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.85%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 167.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Intermediate Core-Plus Bond
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
PRBDX - Profile
Distributions
- YTD Total Return -1.1%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.12%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePrincipal Core Plus Bond Fund
-
Fund Family NamePrincipal Funds
-
Inception DateJun 28, 2005
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerWilliam 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 | -1.1% | -83.6% | 1374.8% | 42.47% |
| 1 Yr | 1.5% | -9.5% | 15.9% | 44.94% |
| 3 Yr | 5.9%* | 0.1% | 10.6% | 39.54% |
| 5 Yr | 3.5%* | 0.8% | 7.9% | 47.17% |
| 10 Yr | 3.5%* | 0.9% | 8.7% | 56.40% |
* Annualized
Return Ranking - Calendar
| Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 2.0% | -82.5% | 1027.9% | 85.01% |
| 2019 | 5.9% | -20.8% | 23.0% | 41.89% |
| 2018 | -5.1% | -11.4% | 2.7% | 92.07% |
| 2017 | 1.8% | -49.5% | 12.4% | 27.01% |
| 2016 | 1.4% | -49.3% | 192.8% | 19.54% |
Total Return Ranking - Trailing
| Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.1% | -83.6% | 1375.4% | 42.56% |
| 1 Yr | -2.3% | -12.2% | 15.9% | 91.73% |
| 3 Yr | 4.6%* | -0.9% | 10.6% | 80.02% |
| 5 Yr | 2.7%* | 0.7% | 7.9% | 78.78% |
| 10 Yr | 3.1%* | 0.9% | 8.7% | 72.14% |
* Annualized
Total Return Ranking - Calendar
| Period | PRBDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 2.0% | -82.5% | 1027.9% | 85.01% |
| 2019 | 5.9% | -20.8% | 23.0% | 43.61% |
| 2018 | -5.1% | -11.4% | 3.9% | 93.27% |
| 2017 | 1.8% | -6.0% | 12.4% | 42.61% |
| 2016 | 1.4% | -7.0% | 204.3% | 41.65% |
NAV & Total Return History
PRBDX - Holdings
Concentration Analysis
| PRBDX | Category Low | Category High | PRBDX % Rank | |
|---|---|---|---|---|
| Net Assets | 714 M | 3.23 M | 318 B | 60.17% |
| Number of Holdings | 820 | 1 | 18612 | 40.38% |
| Net Assets in Top 10 | 81.5 M | -1.01 B | 45.4 B | 72.84% |
| Weighting of Top 10 | 31.90% | 4.0% | 100.0% | 38.44% |
Top 10 Holdings
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
- 10 Year Treasury Note Future Sept 21 7.98%
Asset Allocation
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| Bonds | 86.75% | -48.07% | 176.88% | 89.97% |
| Cash | 9.64% | -86.81% | 162.28% | 13.22% |
| Convertible Bonds | 2.95% | 0.00% | 38.29% | 10.85% |
| Preferred Stocks | 0.54% | 0.00% | 84.24% | 16.23% |
| Stocks | 0.12% | -0.23% | 24.74% | 14.31% |
| Other | 0.00% | -15.00% | 16.74% | 65.54% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| Energy | 100.00% | 0.00% | 100.00% | 11.94% |
| Utilities | 0.00% | 0.00% | 100.00% | 76.45% |
| Technology | 0.00% | 0.00% | 39.94% | 70.32% |
| Real Estate | 0.00% | 0.00% | 100.00% | 73.87% |
| Industrials | 0.00% | 0.00% | 34.29% | 73.87% |
| Healthcare | 0.00% | 0.00% | 100.00% | 72.58% |
| Financial Services | 0.00% | 0.00% | 100.00% | 79.35% |
| Communication Services | 0.00% | 0.00% | 100.00% | 77.74% |
| Consumer Defense | 0.00% | 0.00% | 99.62% | 71.29% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 74.84% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 76.77% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| US | 0.12% | -0.23% | 24.47% | 12.76% |
| Non US | 0.00% | 0.00% | 3.29% | 73.02% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| Corporate | 49.34% | 0.00% | 100.00% | 13.86% |
| Securitized | 22.91% | 0.00% | 98.27% | 70.01% |
| Government | 14.44% | 0.00% | 80.01% | 75.39% |
| Cash & Equivalents | 13.30% | 0.00% | 100.00% | 11.30% |
| Derivative | 0.00% | 0.00% | 22.07% | 80.49% |
| Municipal | 0.00% | 0.00% | 100.00% | 90.88% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PRBDX % Rank | |
|---|---|---|---|---|
| US | 72.07% | -48.49% | 245.19% | 90.61% |
| Non US | 14.68% | -108.35% | 39.51% | 28.53% |
PRBDX - Expenses
Operational Fees
| PRBDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.85% | 0.01% | 2.91% | 26.65% |
| Management Fee | 0.55% | 0.00% | 0.95% | 93.52% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.91% |
| 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% | 70.41% |
| 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% | 6.00% | 496.00% | 62.51% |
PRBDX - Distributions
Dividend Yield Analysis
| PRBDX | Category Low | Category High | PRBDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.79% | 0.00% | 3.20% | 71.76% |
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 | 2.12% | -0.20% | 8.97% | 46.01% |
Capital Gain Distribution Analysis
| PRBDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Monthly |
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 |
PRBDX - Fund Manager Analysis
Managers
William Armstrong
Start Date
Tenure
Tenure Rank
Dec 06, 2000
20.75
20.8%
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
1.34
1.3%
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 | 32.68 | 6.65 | 0.42 |