Principal Government & High Quality Bond Fund R-3 Class (PRCMX)
| Fund Assets | 614.55M |
| Expense Ratio | 0.98% |
| Min. Investment | $0.00 |
| Turnover | 268.00% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.98% |
| Dividend Growth | 25.16% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.18 |
| YTD Return | 0.28% |
| 1-Year Return | 7.34% |
| 5-Year Return | -3.47% |
| 52-Week Low | 8.50 |
| 52-Week High | 9.20 |
| Beta (5Y) | n/a |
| Holdings | 332 |
| 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 7.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.70%.
Top 10 Holdings
28.19% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash Offset | n/a | 9.91% |
| Government National Mortgage Association | G2SF.5.5 12.11 | 2.75% |
| Government National Mortgage Association | G2SF.4.5 12.11 | 2.39% |
| Federal Home Loan Mortgage Corp. | FN.MA4978 | 2.22% |
| Federal Home Loan Mortgage Corp. | FR.SD0783 | 2.05% |
| Government National Mortgage Association | G2.MA8800 | 1.92% |
| Government National Mortgage Association | G2.MA9106 | 1.87% |
| Federal Home Loan Mortgage Corp. | FN.MA5038 | 1.84% |
| Federal National Mortgage Association | FN.FS0118 | 1.66% |
| Federal National Mortgage Association | FN.FS1953 | 1.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02613 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02625 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02254 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02455 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02519 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02793 | Aug 29, 2025 |