About PMSIX
The Principal Core Plus Bond Fund Institutional Class is an actively managed mutual fund that focuses on providing current income, with capital appreciation as a secondary objective. It invests primarily in a diversified portfolio of U.S. investment-grade fixed-income securities, including government, corporate, and securitized debt. Notably, the fund employs a “core-plus” strategy, which grants flexibility to invest in additional sectors such as high-yield bonds, emerging-market debt, and non-U.S. currency exposures, potentially enhancing yield and diversification beyond traditional core bond holdings. The fund is managed by seasoned professionals and typically maintains an intermediate duration, balancing interest rate sensitivity and credit exposure. This approach positions the Principal Core Plus Bond Fund Institutional Class as a foundational fixed-income option for institutional investors seeking broad exposure to the U.S. bond market, while also allowing for selective allocations to higher-risk, higher-return segments in pursuit of incremental income and risk-adjusted returns.
Fund Family Principal Funds
Category Intermediate Core-Plus Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol PMSIX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
PMSIX had a total return of -1.99% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.46%.
