Principal Government & High Qual Bd R3 (PRCMX)
| Fund Assets | 621.66M |
| Expense Ratio | 0.98% |
| Min. Investment | $1,000 |
| Turnover | 233.70% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 3.08% |
| Dividend Growth | 23.50% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.20 |
| YTD Return | 4.62% |
| 1-Year Return | 0.14% |
| 5-Year Return | -6.60% |
| 52-Week Low | 8.69 |
| 52-Week High | 9.34 |
| Beta (5Y) | n/a |
| Holdings | 340 |
| Inception Date | Dec 15, 2008 |
About PRCMX
Principal Government & High Quality Bond Fund R3 is an actively managed mutual fund in the intermediate government bond category. Its primary objective is to generate a high level of current income while maintaining safety and liquidity. The fund typically invests at least 80% of its assets in high-quality government and agency securities, including U.S. Treasuries, agency mortgage-backed securities, and other debt instruments backed by the U.S. government or its agencies. Portfolio management utilizes a mix of cash holdings, Treasury futures, and securities delivered through TBA (To Be Announced) transactions to optimize fixed-income exposure. The fund is managed by experienced professionals from Principal Global Investors and is positioned to serve investors seeking stable fixed-income returns within a diversified portfolio. Given its focus on government and high-grade securities, the fund plays a significant role for institutions and individuals prioritizing capital preservation and interest income over higher-yield, higher-risk alternatives. Note that its expense ratio is higher than many category peers, which may impact net returns relative to comparable funds.
Performance
PRCMX had a total return of 0.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.73%.
Top 10 Holdings
39.82% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash Offset | n/a | 14.65% |
| Government National Mortgage Association | G2SF.5.5 8.11 | 4.46% |
| Government National Mortgage Association | G2SF.6 8.11 | 4.20% |
| Federal National Mortgage Association | FNCL.6 9.11 | 3.34% |
| Federal National Mortgage Association | FNCL.5.5 9.11 | 2.92% |
| Federal National Mortgage Association | FN.MA4978 | 2.26% |
| Federal Home Loan Mortgage Corp. | FR.SD0783 | 2.02% |
| Principal Government Money Market R-6 | PGWXX | 2.01% |
| Government National Mortgage Association | G2.MA8800 | 1.98% |
| Government National Mortgage Association | G2.MA9106 | 1.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02793 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02667 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02427 | Jun 30, 2025 |
| May 30, 2025 | $0.02601 | May 30, 2025 |
| Apr 30, 2025 | $0.02483 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02371 | Mar 31, 2025 |