Principal Core Fixed Income Fund Institutional Class (PIOIX)

Fund Assets	9.12B
Expense Ratio	0.43%
Min. Investment	$0.00
Turnover	13.40%
Dividend (ttm)	0.32
Dividend Yield	3.85%
Dividend Growth	4.47%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 31, 2026

Previous Close	8.36
YTD Return	-1.82%
1-Year Return	-1.07%
5-Year Return	-3.70%
52-Week Low	8.36
52-Week High	8.83
Beta (5Y)	0.10
Holdings	463
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.

• Fund Family: Principal Funds
• Category: Intermediate Core Bond
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PIOIX
• Share Class: Institutional Class
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

PIOIX had a total return of -1.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.74%.

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 Gr Bd I	0.50%
FSMTX	Fidelity	Fidelity SAI Total Bond Fund	0.29%
FGBCX	Fidelity	Fidelity Advisor Investment Gr Bd C	1.52%
FGBTX	Fidelity	Fidelity Advisor Investment Gr Bd M	0.74%
FTKFX	Fidelity	Fidelity Total Bond K6 Fund	0.30%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PICNX	R-6	0.34%
PIOJX	Class J	0.57%
PIOQX	R-5	0.59%
CMPIX	Class A	0.71%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 31, 2026	$0.02657	Aug 31, 2026
Jul 31, 2026	$0.02954	Jul 31, 2026
Jun 30, 2026	$0.02683	Jun 30, 2026
May 29, 2026	$0.02767	May 29, 2026
Apr 30, 2026	$0.02665	Apr 30, 2026
Mar 31, 2026	$0.02654	Mar 31, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 17, 2026

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