Principal Government & High Quality Bond Fund Institutional Class (PMRIX)
| Fund Assets | 614.55M |
| Expense Ratio | 0.53% |
| Min. Investment | $0.00 |
| Turnover | 268.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.38% |
| Dividend Growth | 21.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.19 |
| YTD Return | 0.32% |
| 1-Year Return | 7.71% |
| 5-Year Return | -1.34% |
| 52-Week Low | 8.46 |
| 52-Week High | 9.19 |
| Beta (5Y) | n/a |
| Holdings | 332 |
| Inception Date | Mar 23, 1998 |
About PMRIX
Principal Government & High Quality Bond Fund Institutional Class is a mutual fund focused on delivering a high level of current income while emphasizing safety and liquidity. The fund primarily invests at least 80% of its net assets in high-quality fixed-income securities issued by the United States government, its agencies, or instrumentalities, including significant allocations to U.S. Treasury securities and agency mortgage-backed securities such as those issued by Ginnie Mae, Fannie Mae, and Freddie Mac. The portfolio is broadly diversified across more than 360 holdings, with a meaningful share invested in collateralized mortgage obligations, government national mortgage securities, and U.S. Treasury bills. This fund plays a notable role in the market by providing institutional investors and other participants with access to high-credit-quality debt instruments, which can serve as a stabilizing element in diversified portfolios, especially during periods of market volatility. The fund is managed by experienced portfolio managers who adhere to an investment process focused on quality and risk management, making it a key vehicle for those seeking liquidity and income through exposure to U.S. government debt markets.
Performance
PMRIX had a total return of 7.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.26%.
Top 10 Holdings
28.19% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash Offset | n/a | 9.91% |
| Government National Mortgage Association | G2SF.5.5 12.11 | 2.75% |
| Government National Mortgage Association | G2SF.4.5 12.11 | 2.39% |
| Federal Home Loan Mortgage Corp. | FN.MA4978 | 2.22% |
| Federal Home Loan Mortgage Corp. | FR.SD0783 | 2.05% |
| Government National Mortgage Association | G2.MA8800 | 1.92% |
| Government National Mortgage Association | G2.MA9106 | 1.87% |
| Federal Home Loan Mortgage Corp. | FN.MA5038 | 1.84% |
| Federal National Mortgage Association | FN.FS0118 | 1.66% |
| Federal National Mortgage Association | FN.FS1953 | 1.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02964 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02988 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02571 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02829 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02847 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03149 | Aug 29, 2025 |