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Investment Type: pifretail

Core Plus Bond Fund (A) (PRBDX)

Class A | Class J | Class I

Portfolio Composition

  as of 11/30/2020
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Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 88.96% 0.65%   89.61%  
Non-U.S. Bonds 11.47% 0.0%   11.47%  
Convertibles 3.3% 0.0%   3.3%  
Preferred 0.55% 0.0%   0.55%  
U.S. Stocks 0.07% 0.0%   0.07%  
Cash -4.35% 12.71%   8.36%  

Top 10 Holdings

  as of 11/30/2020
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% of Net Assets
Principal Government Money Market Instl 4.97
United States Treasury Bonds 4.00
Federal National Mortgage Association 3.16
United States Treasury Bonds 3.12
United States Treasury Bills 2.49
United States Treasury Notes 2.49
Government National Mortgage Association 1.78
Federal National Mortgage Association 1.38
Us 10Yr Note (Cbt)Mar21 1.36
United States Treasury Notes 1.31
Total*: 26.05
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 11/30/2020
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Investment Style
Stylebox Market Capitalization

Credit Analysis

  as of 11/30/2020
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% Bonds
AAA 49.51
AA 3.99
A 7.39
BBB 25.87
BB 7.42
B 4.79
Below B 0.77
Not Rated 0.26


as of 11/30/2020
Average Eff Duration (yrs): 6.17
Average Eff Maturity (yrs): 8.09
Avg Weighted Coupon: 3.45
Avg Weighted Price: $109.61
30-Day SEC Yield - Subsidized (Net)
as of 12/31/2020:
30-Day SEC Yield - Non-Subsidized (Gross)
as of 12/31/2020:


  as of 11/30/2020
Turnover Ratio: 138.60%

2021 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

The full name of this investment option is Principal Core Plus Bond Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

Bloomberg Barclays Aggregate Bond Index represents securities that are domestic, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.

Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.

Effective November 30, 2018, class C shares will be closed to new investors. Effective January 11, 2019, class C shares will be converted to the respective class A shares.