About PBMPX
Principal Core Plus Bond Fund R-5 Class is an actively managed mutual fund within the intermediate core-plus bond category. Its primary objective is to deliver current income, with capital appreciation as a secondary goal. The fund predominantly invests at least 80% of its assets in intermediate-maturity, investment-grade fixed-income securities, including U.S. Treasuries, agency mortgage-backed securities, corporate bonds, and select asset-backed securities rated BBB-/Baa3 or higher at the time of purchase. Portfolio managers also have flexibility to allocate a portion of assets to high-yield and emerging market debt, enhancing diversification and return potential.
The fund holds a diversified portfolio, typically with hundreds of individual bond holdings, and seeks to outperform broad market benchmarks like the Bloomberg U.S. Aggregate Bond Index through active sector rotation and tactical interest rate positioning. Notably, it can employ instruments such as Treasury futures and credit default swaps for risk management and enhanced yield. Managed by an experienced investment team at Principal Global Investors since its inception in 2000, the fund aims to provide stable monthly distributions, making it a relevant choice for retirement and institutional investors seeking consistent income and broad exposure to U.S. dollar-denominated bonds.
Fund Family Principal Funds
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PBMPX
Share Class R-5
Index Bloomberg U.S. Aggregate Bond TR
PBMPX had a total return of 8.56% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.65%.
