About PICNX
Principal Core Fixed Income Fund Class R-6 is a mutual fund focused on providing investors with a high level of current income while maintaining preservation of capital. This fund primarily invests in a diversified portfolio of investment-grade fixed-income securities, including U.S. government securities, corporate bonds, asset-backed and mortgage-backed securities, as well as select bank loans and foreign debt instruments. Its broad approach allows for exposure across several fixed income sectors, supporting both diversification and risk management.
The portfolio is managed by a team of experienced professionals, ensuring disciplined credit selection and active duration management in response to changing market conditions. The fund plays a significant role in asset allocation strategies for investors seeking stability, income, and capital preservation within their broader investment portfolios. It serves as a core fixed income holding, often benchmarked against the Bloomberg US Aggregate Bond Index, reflecting its alignment with a key industry standard for investment-grade bond exposure.
Fund Family Principal Funds
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PICNX
Share Class R-6
Index Bloomberg U.S. Aggregate Bond TR
PICNX had a total return of 5.51% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.24%.
