Principal Government & High Quality Bond Fund Institutional Class (PMRIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
8.96
-0.01 (-0.11%)
Mar 7, 2025, 3:03 PM EST
0.45%
Fund Assets 616.60M
Expense Ratio 0.53%
Min. Investment $0.00
Turnover n/a
Dividend (ttm) 0.28
Dividend Yield 3.17%
Dividend Growth 7.31%
Payout Frequency Monthly
Ex-Dividend Date n/a
Previous Close 8.97
YTD Return 1.91%
1-Year Return 3.42%
5-Year Return -6.47%
52-Week Low n/a
52-Week High n/a
Beta (5Y) n/a
Holdings 373
Inception Date Mar 23, 1998

About PMRIX

The Fund's investment strategy focuses on US Mortgage with 0.53% total expense ratio. Principal Funds, Inc: Government & High Quality Bond Fund; Institutional Class Shares seeks a high level of current income consistent with safety and liquidity by investing primarily in U.S. government securities, including collateralized mortgage obligations and other mortgage-backed securities.

Category Intermediate Government
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol PMRIX
Share Class Institutional Class
Index Bloomberg US MBS Fixed Rate TR

Performance

PMRIX had a total return of 3.42% in the past year. Since the fund's inception, the average annual return has been 1.44%, including dividends.

Other Share Classes

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

Symbol Share Class Expense Ratio
PMREX R-5 0.67%
CMPGX Class A 0.85%
PMRJX Class J 0.93%
PRCMX R-3 0.98%

Top 10 Holdings

40.77% of assets
Name Symbol Weight
Cash Offset n/a 16.51%
Government National Mortgage Association 5% G2SF 5 2.12 3.49%
Federal National Mortgage Association 6% FNCL 6 2.12 3.38%
Federal National Mortgage Association 5% FNCL 5 2.12 3.29%
Government National Mortgage Association 5.5% G2SF 5.5 2.12 3.09%
Federal National Mortgage Association 5.5% FNCL 5.5 2.12 2.65%
Government National Mortgage Association 6% G2SF 6 2.12 2.38%
Federal Home Loan Mortgage Corp. 2% FR SD0783 2.01%
Government National Mortgage Association 5% G2 MA8800 2.00%
Government National Mortgage Association 5.5% G2 MA9106 1.99%
View More Holdings

Dividend History

Ex-Dividend Amount Pay Date
Feb 28, 2025 $0.02498 Feb 28, 2025
Jan 31, 2025 $0.02807 Jan 31, 2025
Dec 31, 2024 $0.02662 Dec 31, 2024
Nov 29, 2024 $0.02541 Nov 29, 2024
Oct 31, 2024 $0.02385 Oct 31, 2024
Sep 30, 2024 $0.02079 Sep 30, 2024
Full Dividend History