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.
Fund Family Principal Funds
Category Intermediate Core Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PBIQX
Share Class R-5
Index Bloomberg U.S. Aggregate Bond TR
PBIQX had a total return of 1.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.01%.
