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

Fund Assets	493.37M
Expense Ratio	0.53%
Min. Investment	$0.00
Turnover	268.00%
Dividend (ttm)	0.36
Dividend Yield	4.17%
Dividend Growth	8.63%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.61
YTD Return	-3.08%
1-Year Return	-2.41%
5-Year Return	-3.91%
52-Week Low	8.53
52-Week High	9.30
Beta (5Y)	n/a
Holdings	298
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.

• Fund Family: Principal Funds
• Category: US Mortgage
• 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 -2.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.45%.

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	0.80%
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	$0.03193	Sep 30, 2026
Aug 31, 2026	$0.03028	Aug 31, 2026
Jul 31, 2026	$0.03428	Jul 31, 2026
Jun 30, 2026	$0.03082	Jun 30, 2026
May 29, 2026	$0.03121	May 29, 2026
Apr 30, 2026	$0.03011	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 15, 2026

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