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Investment Type: separateaccount

Government & High Quality Bond Separate Account-Pro

Quick Facts

Intermediate Government

Investment Strategy

   What's this?
The investment seeks to achieve its investment objective by investing primarily in securities that are AAA rated or issued by the U.S. government, its agencies or instrumentalities. The investment may invest in mortgage-backed securities representing an interest in a pool of mortgage loans. These securities are rated AAA by Standard & Poor's Corporation or Aaa by Moody's Investor Services, Inc. or, if unrated, determined by the sub-advisor to be of equivalent quality. Management seeks undervalued securities that represent good long-term investment opportunities.

Morningstar Style Box™

  as of 08/31/2015
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 09/30/2015
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Out of 302 Intermediate Government Funds


Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

In situations where the net and gross total investment expense figures are different, the mutual fund or the underlying fund in which a Separate Account invests has waived/capped a portion of its management fees through the date displayed in the waiver expiration date or contractual cap expiration date column. Differences may also be shown due to the fund family choosing to pay certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.

Month-End | Quarter-End
Average Annual Total Returns as of 09/30/2015
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Total Return % 0.35 0.61 0.45 1.66 0.57 1.55 1.52 3.08
Barclays US Agency Fixed Rate MBS Index % 0.59 1.31 1.61 3.45 1.98 3.06 4.74 ---
Intermediate Government Category % 0.51 0.94 1.09 2.41 0.90 2.24 3.91 ---
Morningstar Percentile Rankings** --- --- --- 83 71 83 100 ---
# of Funds in Category 321 318 315 314 302 274 221 ---
**Morningstar percentile rankings are based on total returns.


  as of 09/30/2015
Total Investment Expense - Gross: 1.91%
Total Investment Expense - Net: 1.91%
Total Investment Expense Gross Per $1,000 Invested: $19.10

Growth of $10,000

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Inv Manager or Sub-Advisor

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Edge Asset Management, Inc.

Portfolio Managers

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Scott J. Peterson , CFA
Since 01/01/2010
M.B.A. , New York University

John R. Friedl , CFA
Since 05/19/2010
M.S. , Seattle University

Ryan P. McCann , CFA
Since 05/19/2010
B.A. , Washington State University

Gregory L. Tornga , CFA
Since 07/01/2011
M.B.A. , Chapman University

© 2015 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.

The full name of this investment option is Principal Government & HQ Bond Separate Account-Pro.

Separate Accounts are available through a group annuity contract with Principal Life Insurance Company. Insurance products and plan administrative services, if applicable, are provided by Principal Life Insurance Company, a member of the Principal Financial Group, Des Moines, IA 50392. Certain investment options may not be available in all states or U.S. commonwealths. Principal Life Insurance Company reserves the right to defer payments or transfers from Principal Life Separate Accounts as described in the group annuity contracts providing access to the Separate Accounts or as required by applicable law. Such deferment will be based on factors that may include situations such as: unstable or disorderly financial markets; investment conditions which do not allow for orderly investment transactions; or investment, liquidity, and other risks inherent in real estate (such as those associated with general and local economic conditions). If you elect to allocate funds to a Separate Account, you may not be able to immediately withdraw them.

Returns shown for periods of less than one year are not annualized.

Before directing retirement funds to a separate account, investors should carefully consider the investment objectives, risks, charges and expenses of the separate account as well as their individual risk tolerance, time horizon and goals. For additional information contact us at 1-800-547-7754 or by visiting

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

Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions.  The cumulative effect of fees and expenses can substantially reduce the growth of a participant's or beneficiary's retirement account.  Participants and beneficiaries can visit the Employee Benefit Security Administration's website for an example demonstrating the long-term effect of fees and expenses.

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

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 April 9, 2009, this portfolio is sub-advised by Edge Asset Management. Prior to April 9, 2009, the portfolio was sub-advised by Principal Global Investors.