About PIOQX
Principal Core Fixed Income Fund R5 is a mutual fund focused on providing broad exposure to the U.S. investment-grade fixed-income market. The fund primarily invests in a diversified portfolio of fixed-income securities, including corporate bonds, U.S. government obligations, mortgage-backed securities, and asset-backed securities. Its primary objective is to offer investors consistent income and preservation of capital through high-quality debt instruments. The fund employs a sector allocation approach, adjusting exposures to areas such as corporate debt, government securities, and structured products, which allows it to respond to market changes and varying interest rate environments. Notably, its portfolio is actively managed by a team of experienced professionals who use credit analysis, yield curve positioning, and issuer selection to enhance returns relative to its benchmark, the Bloomberg U.S. Aggregate Bond Index. The Principal Core Fixed Income Fund R5 plays a significant role for investors seeking core fixed-income exposure, serving as a foundational piece for balanced portfolios, retirement accounts, and institutional mandates, with an emphasis on risk-adjusted returns and diversification within the bond market.
Fund Family Principal Funds
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PIOQX
Share Class R-5
Index Bloomberg U.S. Aggregate Bond TR
PIOQX had a total return of -1.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.44%.
