Principal Bond Market Index Fund R-5 Class (PBIQX)
| Fund Assets | 2.70B |
| Expense Ratio | 0.40% |
| Min. Investment | $0.00 |
| Turnover | 57.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 3.36% |
| Dividend Growth | -15.14% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 8.43 |
| YTD Return | 3.56% |
| 1-Year Return | 2.88% |
| 5-Year Return | -7.11% |
| 52-Week Low | 8.05 |
| 52-Week High | 8.77 |
| Beta (5Y) | n/a |
| Holdings | 3828 |
| Inception Date | Dec 30, 2009 |
About PBIQX
Principal Bond Market Index Fund Class R5 is an open-end mutual fund designed primarily to provide current income by closely tracking the performance of the Bloomberg U.S. Aggregate Bond Index. This index includes a broad spectrum of investment grade, fixed-rate debt securities with maturities of at least one year, such as U.S. government bonds, corporate bonds, and asset-backed and mortgage-backed securities. By maintaining at least 80% of its portfolio in assets constructed to mirror the index, the fund offers comprehensive exposure to the U.S. investment-grade bond market. This approach makes it a representative fixed income solution for investors seeking diversification and core bond exposure across government, agency, and high-quality corporate debt sectors. The fund is commonly utilized as a core holding within diversified portfolios, helping to moderate volatility and provide a steady income stream through annual dividends. Its role in the market is to function as a cost-effective, index-tracking vehicle, making it suitable for investors who prioritize broad market coverage, transparency, and relative predictability in fixed income returns.
Performance
PBIQX had a total return of 2.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.97%.
Top 10 Holdings
7.29% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Government Money Market R-6 | PGWXX | 1.81% |
| Government National Mortgage Association | G2SF.5.5 7.11 | 0.78% |
| United States Treasury Notes | T.0.625 05.15.30 | 0.69% |
| United States Treasury Notes | T.4.625 06.15.27 | 0.64% |
| United States Treasury Notes | T.1.5 08.15.26 | 0.63% |
| United States Treasury Notes | T.4.5 07.15.26 | 0.62% |
| iShares iBoxx $ Invmt Grade Corp Bd ETF | n/a | 0.57% |
| United States Treasury Notes | T.1.625 08.15.29 | 0.54% |
| United States Treasury Notes | T.2.75 07.31.27 | 0.50% |
| United States Treasury Notes | T.1.625 10.31.26 | 0.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.2826 | Dec 20, 2024 |
| Dec 21, 2023 | $0.333 | Dec 21, 2023 |
| Dec 21, 2022 | $0.1157 | Dec 21, 2022 |
| Dec 21, 2021 | $0.1405 | Dec 21, 2021 |
| Dec 20, 2021 | $0.0316 | Dec 20, 2021 |
| Dec 21, 2020 | $0.6486 | Dec 21, 2020 |