Principal Government & High Qual Bd J (PMRJX)

Fund Assets	493.37M
Expense Ratio	0.84%
Min. Investment	$1,000
Turnover	268.00%
Dividend (ttm)	0.33
Dividend Yield	3.81%
Dividend Growth	9.00%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.62
YTD Return	-3.31%
1-Year Return	-2.73%
5-Year Return	-5.58%
52-Week Low	8.54
52-Week High	9.31
Beta (5Y)	n/a
Holdings	298
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.

• Fund Family: Principal Funds
• Category: US Mortgage
• Performance Rating: Below Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: PMRJX
• Share Class: Class J
• Index: Bloomberg US MBS Fixed Rate TR

Performance

PMRJX had a total return of -2.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.59%.

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%
PMREX	R-5	0.67%
CMPGX	Class A	0.80%
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	$0.02962	Sep 30, 2026
Aug 31, 2026	$0.0281	Aug 31, 2026
Jul 31, 2026	$0.03183	Jul 31, 2026
Jun 30, 2026	$0.0285	Jun 30, 2026
May 29, 2026	$0.02881	May 29, 2026
Apr 30, 2026	$0.02765	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

Data Sources Report a data error