Principal Core Fixed Income Fund Class R-6 (PICNX)
| Fund Assets | 10.68B |
| Expense Ratio | 0.35% |
| Min. Investment | $0.00 |
| Turnover | 13.40% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.70% |
| Dividend Growth | 5.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2025 |
| Previous Close | 8.73 |
| YTD Return | 0.11% |
| 1-Year Return | 7.01% |
| 5-Year Return | -0.29% |
| 52-Week Low | 8.14 |
| 52-Week High | 8.76 |
| Beta (5Y) | n/a |
| Holdings | 482 |
| Inception Date | Nov 25, 2014 |
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.
Performance
PICNX had a total return of 7.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.49%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FGBPX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class I | 0.50% |
| FSMTX | Fidelity | Fidelity SAI Total Bond Fund | 0.29% |
| FGBCX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class C | 1.52% |
| FGBTX | Fidelity | Fidelity Advisor Investment Grade Bond Fund - Class M | 0.74% |
| FTKFX | Fidelity | Fidelity Total Bond K6 Fund | 0.30% |
Top 10 Holdings
12.74% of assets| Name | Symbol | Weight |
|---|---|---|
| 2 Year Treasury Note Future Mar 26 | n/a | 7.45% |
| Principal Government Money Market R-6 | PGWXX | 1.21% |
| AbbVie Inc. 5.05% | ABBV.5.05 03.15.34 | 0.59% |
| Biogen Inc 2.25% | BIIB.2.25 05.01.30 | 0.56% |
| Waste Connections Inc. 5.25% | WCNCN.5.25 09.01.35 | 0.52% |
| Truist Bank (North Carolina) 4.632% | TFC.V4.632 09.17.29 BKNT | 0.49% |
| American Tower Corporation 2.75% | AMT.2.75 01.15.27 | 0.49% |
| Ryder System, Inc. 2.9% | R.2.9 12.01.26 MTN | 0.48% |
| PPL Electric Utilities Corporation 5.25% | PPL.5.25 05.15.53 | 0.48% |
| PNC Bank National Association Pittsburgh Pennsylvania 2.7% | PNC.2.7 10.22.29 BKNT | 0.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2025 | $0.02884 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02514 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02947 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02599 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0287 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02782 | Jul 31, 2025 |