Principal Bond Market Index Instl (PNIIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
8.69
+0.05 (0.58%)
Aug 22, 2025, 4:00 PM EDT
0.58%
Fund Assets2.77B
Expense Ratio0.15%
Min. Investment$1,000
Turnover57.00%
Dividend (ttm)0.30
Dividend Yield3.45%
Dividend Growth-15.80%
Payout FrequencyAnnual
Ex-Dividend Daten/a
Previous Close8.64
YTD Return4.83%
1-Year Return2.20%
5-Year Return-4.47%
52-Week Low8.20
52-Week High8.94
Beta (5Y)0.21
Holdings3830
Inception DateDec 30, 2009

About PNIIX

Principal Bond Market Index Fund Institutional Class is a mutual fund focused on delivering broad exposure to the U.S. investment-grade bond market. Its primary function is to provide current income by closely tracking the performance of the Bloomberg U.S. Aggregate Bond Index, which represents a diversified universe of investment-grade, fixed-rate debt securities with maturities of at least one year. The fund invests at least 80% of its net assets in components of this index, including U.S. Treasury and government agency bonds, corporate bonds, and securitized assets such as mortgage-backed and asset-backed securities. Designed for institutional investors, the fund aims to capture the core characteristics of the U.S. bond market, serving as a foundational fixed income allocation for diversified portfolios. Classified in the Intermediate Core Bond category, it plays a significant role in offering liquidity, income generation, and diversification benefits, especially for pension plans, retirement accounts, and institutional asset managers seeking broad, low-cost exposure to domestic fixed income markets.

Fund Family Principal Funds
Category Intermediate Core Bond
Stock Exchange NASDAQ
Ticker Symbol PNIIX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR

Performance

PNIIX had a total return of 2.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.36%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
PBIQXR-50.40%
PBIJXClass J0.58%
PBOIXR-30.71%

Top 10 Holdings

8.52% of assets
NameSymbolWeight
Principal Government Money Market R-6PGWXX3.43%
United States Treasury NotesT.0.625 05.15.300.67%
United States Treasury NotesT.4.625 06.15.270.62%
United States Treasury NotesT.1.5 08.15.260.62%
United States Treasury NotesT.4.5 07.15.260.59%
iShares iBoxx $ Invmt Grade Corp Bd ETFn/a0.55%
Government National Mortgage AssociationG2SF.5.5 8.110.54%
United States Treasury NotesT.1.625 08.15.290.53%
United States Treasury NotesT.1.625 10.31.260.49%
United States Treasury NotesT.0.5 04.30.270.48%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 20, 2024$0.2985Dec 20, 2024
Dec 21, 2023$0.3545Dec 21, 2023
Dec 21, 2022$0.1392Dec 21, 2022
Dec 21, 2021$0.1679Dec 21, 2021
Dec 20, 2021$0.0316Dec 20, 2021
Dec 21, 2020$0.6754Dec 21, 2020
Full Dividend History