About PBMJX
Principal Core Plus Bond Fund Class J is a mutual fund within the intermediate-term core-plus bond category, managed by Principal Global Investors. Its main objective is to provide total return by investing primarily in investment-grade U.S. fixed-income securities, including Treasuries, corporate bonds, and securitized debt such as mortgage-backed and asset-backed securities. The fund distinguishes itself by maintaining the flexibility to allocate a portion of its assets to non-core sectors, including high yield bonds, bank loans, emerging-markets debt, and foreign currency exposures, offering broader diversification relative to strictly core bond funds. Principal Core Plus Bond Fund Class J is designed for investors seeking consistent income generation and moderate capital appreciation, while balancing interest rate and credit risks. The fund is managed by a seasoned team of portfolio managers and maintains competitive expense ratios within its peer group. With a role as a cornerstone fixed-income option in diversified portfolios, it is well suited for those aiming to access a blend of traditional and non-traditional bond sectors within a single, actively managed vehicle.
Fund Family Principal Funds
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PBMJX
Share Class J Class
Index Bloomberg U.S. Aggregate Bond TR
PBMJX had a total return of 2.15% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.24%.
