Principal Government & High Quality Bond Fund Class J (PMRJX)
| Fund Assets | 624.05M |
| Expense Ratio | 0.93% |
| Min. Investment | $1,000 |
| Turnover | 233.70% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 3.14% |
| Dividend Growth | 20.31% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 8.94 |
| YTD Return | 2.24% |
| 1-Year Return | 2.00% |
| 5-Year Return | -7.98% |
| 52-Week Low | 8.69 |
| 52-Week High | 9.34 |
| Beta (5Y) | n/a |
| Holdings | 341 |
| Inception Date | Dec 15, 2008 |
About PMRJX
Principal Government & High Quality Bond Fund Class J is a mutual fund focused on generating a high level of current income while prioritizing safety and liquidity. The fund primarily invests at least 80% of its net assets in fixed-income securities issued or backed by the U.S. government, its agencies, or government-linked entities. Its portfolio centers on government bonds, mortgage-backed securities, and collateralized mortgage obligations, seeking to minimize credit risk by largely holding assets backed by the United States government, renowned for its low probability of default. Categorized as an intermediate government bond fund, it typically maintains a portfolio duration between 3.5 and 6 years and benchmarks its performance to indices such as the Bloomberg US MBS Fixed Rate Index. With over 360 holdings and stringent credit quality, the majority of its assets are rated AAA. The fund suits investors seeking stable monthly income distributions, offering regular dividend payouts while balancing interest rate sensitivity and market conditions. Since its inception in 2008, it has represented an important vehicle for conservative fixed-income exposure in diversified portfolios, serving both individual and institutional investors aiming for income with reduced credit risk exposure.
Performance
PMRJX had a total return of 2.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.60%.
Top 10 Holdings
32.08% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash Offset | n/a | 6.09% |
| Government National Mortgage Association | G2SF.5.5 7.11 | 4.44% |
| Federal National Mortgage Association | FNCL.6 8.11 | 4.24% |
| Government National Mortgage Association | G2SF.6 7.11 | 4.17% |
| Federal National Mortgage Association | FNCL.5.5 8.11 | 3.56% |
| Federal Home Loan Mortgage Corp. | FR.SD0783 | 2.04% |
| Government National Mortgage Association | G2.MA8800 | 2.00% |
| Government National Mortgage Association | G2.MA9106 | 1.98% |
| Federal National Mortgage Association | FN.MA5038 | 1.88% |
| Federal National Mortgage Association | FN.FS0118 | 1.70% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.0252 | Jun 30, 2025 |
| May 30, 2025 | $0.02704 | May 30, 2025 |
| Apr 30, 2025 | $0.02574 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02454 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02252 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02525 | Jan 31, 2025 |