Principal Core Plus Bond Fund R-5 Class (PBMPX)
| Fund Assets | 531.27M |
| Expense Ratio | 0.69% |
| Min. Investment | $1,000 |
| Turnover | 159.60% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.35% |
| Dividend Growth | 15.58% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 28, 2025 |
| Previous Close | 8.98 |
| YTD Return | 3.35% |
| 1-Year Return | 2.90% |
| 5-Year Return | -6.06% |
| 52-Week Low | 8.77 |
| 52-Week High | 9.41 |
| Beta (5Y) | n/a |
| Holdings | 830 |
| Inception Date | Dec 6, 2000 |
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.
Performance
PBMPX had a total return of 2.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.40%.
Top 10 Holdings
43.85% of assets| Name | Symbol | Weight |
|---|---|---|
| Future on 2 Year Treasury Note | n/a | 18.86% |
| Future on 5 Year Treasury Note | n/a | 5.46% |
| iShares Broad USD High Yield Corporate Bond ETF | USHY | 4.01% |
| 10 Year Treasury Note Future Sept 25 | n/a | 3.98% |
| Principal Government Money Market R-6 | PGWXX | 2.68% |
| Government National Mortgage Association | G2SF.5.5 7.11 | 2.22% |
| Ultra US Treasury Bond Future Sept 25 | n/a | 2.21% |
| United States Treasury Bills | B.0 08.28.25 | 1.56% |
| Vanguard Short-Term Corporate Bond ETF | VCSH | 1.47% |
| United States Treasury Bills | B.0 07.17.25 | 1.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 28, 2025 | $0.0327 | Jul 28, 2025 |
| Jun 25, 2025 | $0.0325 | Jun 25, 2025 |
| May 27, 2025 | $0.0303 | May 27, 2025 |
| Apr 25, 2025 | $0.0336 | Apr 25, 2025 |
| Mar 26, 2025 | $0.0335 | Mar 26, 2025 |
| Feb 25, 2025 | $0.0327 | Feb 25, 2025 |