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
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PNIIX
Share Class Institutional Class
Index Bloomberg U.S. Aggregate Bond TR
PNIIX had a total return of -1.99% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.19%.
