Principal Government & High Qual Bd R5 (PMREX)

Fund Assets	493.37M
Expense Ratio	0.67%
Min. Investment	$0.00
Turnover	268.00%
Dividend (ttm)	0.35
Dividend Yield	4.02%
Dividend Growth	8.90%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.63
YTD Return	-3.06%
1-Year Return	-2.54%
5-Year Return	-4.76%
52-Week Low	8.55
52-Week High	9.32
Beta (5Y)	n/a
Holdings	298
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.

• Fund Family: Principal Funds
• Category: US Mortgage
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PMREX
• Share Class: R-5
• Index: Bloomberg US MBS Fixed Rate TR

Performance

PMREX had a total return of -2.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.81%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PMRIX	Institutional Class	0.53%
CMPGX	Class A	0.80%
PMRJX	Class J	0.87%
PRCMX	R-3	0.98%

Top 10 Holdings

38.20% of assets

Name	Symbol	Weight
Cash Offset	n/a	22.21%
Government National Mortgage Association 4.5%	G2.MB0024	2.43%
Government National Mortgage Association 5%	G2.MA8800	2.01%
Federal Home Loan Mortgage Corp. 2%	FR.SL4545	1.76%
Federal National Mortgage Association 2.5%	FN.FS1953	1.70%
Federal Home Loan Mortgage Corp. 2%	FR.SL4559	1.70%
Government National Mortgage Association 2.5%	G2.MA6709	1.70%
Federal National Mortgage Association 2%	FN.FS8336	1.57%
Federal Home Loan Mortgage Corp. 2.5%	FR.SD8173	1.56%
Federal National Mortgage Association 5%	FN.MA5038	1.55%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03092	Sep 30, 2026
Aug 31, 2026	$0.02928	Aug 31, 2026
Jul 31, 2026	$0.03315	Jul 31, 2026
Jun 30, 2026	$0.02978	Jun 30, 2026
May 29, 2026	$0.03013	May 29, 2026
Apr 30, 2026	$0.02906	Apr 30, 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:

Oct 16, 2026

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