Principal Bond Market Index R3 (PBOIX)
| Fund Assets | 2.77B |
| Expense Ratio | 0.71% |
| Min. Investment | $1,000 |
| Turnover | 57.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.98% |
| Dividend Growth | -17.69% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 8.44 |
| YTD Return | 3.82% |
| 1-Year Return | 1.34% |
| 5-Year Return | -7.58% |
| 52-Week Low | 8.01 |
| 52-Week High | 8.71 |
| Beta (5Y) | n/a |
| Holdings | 3830 |
| Inception Date | Dec 30, 2009 |
About PBOIX
Principal Bond Market Index Fund R-3 Class is an open-end mutual fund focused on delivering broad exposure to the U.S. investment-grade bond market through a passive, index-based investment strategy. The fund primarily seeks to provide current income by investing at least 80% of its assets in securities designed to track the Bloomberg U.S. Aggregate Bond Index, a widely recognized benchmark that includes government, corporate, and securitized (such as mortgage-backed and asset-backed) bonds with maturities of one year or more. By employing a sampling approach, the fund aims to closely mirror the risk and return characteristics of the index without holding every individual security. Positioned within the intermediate core bond category, the fund serves as a foundational fixed-income option for investors seeking diversification and relative stability in their portfolios. Its role in the financial market is to provide investors—often through retirement plans or larger portfolios—with consistent income and risk moderation, reflecting the broader movements of the U.S. bond market while maintaining liquidity and transparency.
Performance
PBOIX had a total return of 1.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.68%.
Top 10 Holdings
8.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Government Money Market R-6 | PGWXX | 3.43% |
| United States Treasury Notes | T.0.625 05.15.30 | 0.67% |
| United States Treasury Notes | T.4.625 06.15.27 | 0.62% |
| United States Treasury Notes | T.1.5 08.15.26 | 0.62% |
| United States Treasury Notes | T.4.5 07.15.26 | 0.59% |
| iShares iBoxx $ Invmt Grade Corp Bd ETF | n/a | 0.55% |
| Government National Mortgage Association | G2SF.5.5 8.11 | 0.54% |
| United States Treasury Notes | T.1.625 08.15.29 | 0.53% |
| United States Treasury Notes | T.1.625 10.31.26 | 0.49% |
| United States Treasury Notes | T.0.5 04.30.27 | 0.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.2512 | Dec 20, 2024 |
| Dec 21, 2023 | $0.3052 | Dec 21, 2023 |
| Dec 21, 2022 | $0.087 | Dec 21, 2022 |
| Dec 21, 2021 | $0.1006 | Dec 21, 2021 |
| Dec 20, 2021 | $0.0316 | Dec 20, 2021 |
| Dec 21, 2020 | $0.6167 | Dec 21, 2020 |