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.
Fund Family Principal Funds
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PIOIX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
PIOIX had a total return of 5.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.93%.
