Principal Core Fixed Income Instl (PIOIX)
| Fund Assets | 10.39B |
| Expense Ratio | 0.44% |
| Min. Investment | $1,000 |
| Turnover | 13.90% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.56% |
| Dividend Growth | 6.10% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.64 |
| YTD Return | 2.62% |
| 1-Year Return | 1.02% |
| 5-Year Return | -5.13% |
| 52-Week Low | 8.35 |
| 52-Week High | 8.88 |
| Beta (5Y) | n/a |
| Holdings | 491 |
| Inception Date | Dec 15, 1975 |
About PIOIX
Principal Core Fixed Income Fund Institutional Class is a mutual fund focused on providing current income while seeking to preserve capital. Managed by a seasoned team, the fund primarily invests in a diversified portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency securities, as well as obligations issued by U.S. banks affiliated with the Federal Reserve System. The fund adopts a research-driven, low-turnover strategy, emphasizing bonds with strong credit quality and asymmetric risk profiles, allowing it to act as a core holding for investors’ fixed income allocations. Its mandate makes it suitable for institutional investors in need of a portfolio diversifier that may help reduce portfolio volatility and provide steady income across market cycles. With a track record dating back to 1975, Principal Core Fixed Income Fund Institutional Class is benchmarked against the Bloomberg U.S. Aggregate Bond Index and is recognized in the intermediate core bond category for its consistent approach and sizable asset base, often appealing to those seeking exposure to the broad U.S. bond market without excessive interest-rate sensitivity.
Performance
PIOIX had a total return of 1.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.80%.
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
10.71% of assets| Name | Symbol | Weight |
|---|---|---|
| Future on 2 Year Treasury Note | n/a | 6.02% |
| Principal Government Money Market R-6 | PGWXX | 0.60% |
| 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% |
| American Tower Corporation 2.75% | AMT.2.75 01.15.27 | 0.50% |
| Truist Bank (North Carolina) 4.632% | TFC.V4.632 09.17.29 BKNT | 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 | 0.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02714 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02517 | Jun 30, 2025 |
| May 30, 2025 | $0.02757 | May 30, 2025 |
| Apr 30, 2025 | $0.02574 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0246 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0234 | Feb 28, 2025 |