Principal Core Fixed Income R6 (PICNX)
| Fund Assets | 10.39B |
| Expense Ratio | 0.35% |
| Min. Investment | $1,000 |
| Turnover | 13.90% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.65% |
| Dividend Growth | 5.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.61 |
| YTD Return | 2.99% |
| 1-Year Return | 0.97% |
| 5-Year Return | -4.81% |
| 52-Week Low | 8.34 |
| 52-Week High | 8.87 |
| Beta (5Y) | n/a |
| Holdings | 486 |
| 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 0.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.84%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
11.03% of assets| Name | Symbol | Weight |
|---|---|---|
| Future on 2 Year Treasury Note | n/a | 6.00% |
| Principal Government Money Market R-6 | PGWXX | 0.92% |
| 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 | 0.51% |
| Truist Bank (North Carolina) 4.632% | TFC.V4.632 09.17.29 BKNT | 0.50% |
| American Tower Corporation 2.75% | AMT.2.75 01.15.27 | 0.50% |
| 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 | 0.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02782 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02581 | Jun 30, 2025 |
| May 30, 2025 | $0.02827 | May 30, 2025 |
| Apr 30, 2025 | $0.0264 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02525 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02402 | Feb 28, 2025 |