Principal Government & High Quality Bond Fund R-5 Class (PMREX)
| Fund Assets | 553.65M |
| Expense Ratio | 0.67% |
| Min. Investment | $0.00 |
| Turnover | 268.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.82% |
| Dividend Growth | 14.75% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 8.95 |
| YTD Return | -1.09% |
| 1-Year Return | 3.21% |
| 5-Year Return | -3.56% |
| 52-Week Low | 8.91 |
| 52-Week High | 9.32 |
| Beta (5Y) | n/a |
| Holdings | 302 |
| Inception Date | Dec 15, 2008 |
About PMREX
Principal Government & High Quality Bond Fund R5 is an actively managed mutual fund specializing in high-grade fixed income securities. The fund’s main objective is to generate a high level of current income while prioritizing safety and liquidity. To achieve this, it invests at least 80% of its net assets in debt securities issued by the U.S. government, its agencies or instrumentalities, as well as other bonds rated AAA or Aaa, including mortgage-backed securities and asset-backed securities with top-tier credit quality. This disciplined focus results in a portfolio that emphasizes stability and reduced credit risk, appealing to investors seeking reliability within the intermediate government bond segment. The fund employs strategies such as the use of derivatives, including Treasury futures, to manage interest rate exposure and enhance portfolio liquidity. Managed by an experienced investment team, Principal Government & High Quality Bond Fund R5 serves as a core holding for institutional and retirement plans, playing a critical role as a stabilizer in diverse portfolios due to its predominance of government and highly rated securities that can help mitigate volatility across changing market environments.
Performance
PMREX had a total return of 3.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.94%.
Top 10 Holdings
31.07% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash Offset | n/a | 14.34% |
| Government National Mortgage Association | G2.MB0024 | 2.30% |
| Federal Home Loan Mortgage Corp. | n/a | 2.09% |
| Government National Mortgage Association | G2SF.4.5 6.11 | 2.01% |
| Government National Mortgage Association | G2.MA8800 | 1.92% |
| Federal National Mortgage Association | FN.MA5038 | 1.84% |
| Federal National Mortgage Association | n/a | 1.70% |
| Government National Mortgage Association | G2SF.5 6.11 | 1.64% |
| Federal Home Loan Mortgage Corp. | n/a | 1.62% |
| Federal National Mortgage Association | n/a | 1.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02978 | Jun 30, 2026 |
| May 29, 2026 | $0.03013 | May 29, 2026 |
| Apr 30, 2026 | $0.02906 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02864 | Mar 31, 2026 |
| Feb 27, 2026 | $0.02676 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02855 | Jan 30, 2026 |