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Investment Type: pif

Core Plus Bond R5 Fund (PBMPX)

Quick Facts

Intermediate-Term Bond

Investment Strategy

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The investment seeks to provide current income and, as a secondary objective, capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds or other debt securities at the time of purchase. Under normal circumstances, the fund maintains an average portfolio duration that is within from 75% to 125% of the duration of the Bloomberg Barclays U.S. Aggregate Bond Index, which as of December 31, 2017 was 5.98 years.

Morningstar Style Box™

  as of 01/31/2019
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 02/28/2019
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Out of 879 Intermediate-Term Bond 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 02/28/2019
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Total Return % 0.23 2.93 1.86 1.93 2.32 2.06 5.66 3.97
Bloomberg Barclays Aggregate Bond Index % -0.06 2.86 1.00 3.17 1.69 2.32 3.71 ---
Intermediate-Term Bond Category % 0.13 2.71 1.41 2.69 2.23 2.14 4.54 ---
Morningstar Percentile Rankings** --- --- --- 89 42 57 16 ---
# of Funds in Category 1090 1084 1088 1023 879 767 564 ---
**Morningstar percentile rankings are based on total returns.


  as of 02/28/2019
Total Investment Expense - Gross: 0.78%
Total Investment Expense - Net: 0.72%
Waiver Date: 02/29/2020
Contractual Cap Date: 02/29/2020
Total Investment Expense Gross Per $1,000 Invested: $7.80



30-Day SEC Yield - Subsidized (Net)
as of 01/31/2019:
30-Day SEC Yield - Non-Subsidized (Gross)
as of 01/31/2019:

Inv Manager or Sub-Advisor

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Principal Global Investors

Portfolio Managers

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William C. Armstrong , CFA
Since 12/06/2000
M.A. , University of Iowa

Timothy R. Warrick , CFA
Since 12/06/2000
M.B.A. , Drake University

Tina Paris , CFA
Since 06/12/2015
M.B.A. , University of Iowa

© 2019 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.

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

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 Core Plus Bond R5 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, 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

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.

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.

Formerly known as Bond & Mortgage Securities Fund.

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.