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Investment Type: pif

Government & High Quality Bond R1 Fund (PMGRX)







Portfolio Composition

  as of 09/30/2021
   What's this?

Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 108.25% 1.96%   110.21%  
Cash -8.25% 31.71%   23.46%  
Total100%


Top 10 Holdings

  as of 09/30/2021
   What's this?

% of Net Assets
Federal National Mortgage Association 11.13
Principal Government Money Market Instl 10.38
Government National Mortgage Association 7.19
United States Treasury Bills 6.10
10 Year Treasury Note Future Dec 21 5.40
Federal National Mortgage Association 4.26
United States Treasury Bills 3.97
United States Treasury Bills 3.02
Government National Mortgage Association 2.82
Future on 5 Year Treasury Note 1.96
Total*: 56.21
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 09/30/2021
   What's this?
Investment Style
Stylebox Market Capitalization

Credit Analysis

  as of 09/30/2021
   What's this?

% Bonds
AAA 93.39
AA 5.04
A 0.74
Not Rated 0.83

Statistics

 
as of 09/30/2021
Average Eff Duration (yrs): 3.87
Average Eff Maturity (yrs): 4.98
Avg Weighted Coupon:
Avg Weighted Price: $105.75
30-Day SEC Yield - Subsidized (Net)
as of 10/31/2021:
-0.19%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 10/31/2021:
-0.27%

Analysis

  as of 09/30/2021
Turnover Ratio: 84.30%
0
443
5
448





Morningstar
© 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.

Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company. Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC and/or independent broker/dealers. Securities sold by a Principal Securities Registered Representative are offered through Principal Securities. Principal Funds Distributor, Principal Securities and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths.

The full name of this investment option is Principal Funds, Inc. - Principal Government & High Quality Bond R1 Fund.

Investors should carefully consider a mutual 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 principal.com, or calling 1-800-547-7754. Read the prospectus carefully before investing.

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

Bloomberg US Agency Fixed Rate MBS Index covers the fixed-rate mortgage-backed pass-through securities issued by GinnieMae (GNMA), Fannie Mae (FNMA), and Freddie Mae (FHLMC).

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.

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.