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Investment Type: pif

Core Fixed Income R1 Fund (PIOMX)







Quick Facts


PIOMX
03/01/2010

12/15/1975
Intermediate Core Bond
$10,483.52

Investment Strategy

   What's this?
The investment seeks to provide a high level of current income consistent with preservation of capital. The fund invests primarily in a diversified pool of investment-grade fixed-income securities, including corporate securities, U.S. government securities, asset-backed securities and mortgage-backed securities. It maintains an average portfolio duration that is within from 75% to 125% of the duration of the Bloomberg Barclays US Aggregate Bond Index.




Morningstar Style Box™

  as of 08/31/2021
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 09/30/2021
   What's this?

Out of 376 Intermediate Core Bond Funds

StarRating

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 09/30/2021
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Total Return % -0.78 -0.14 -1.99 -0.97 4.43 2.77 3.28 6.67
Bloomberg US Aggregate Bond Index % -0.87 0.05 -1.55 -0.90 5.36 2.94 3.01 ---
Intermediate Core Bond Category % -0.84 -0.01 -1.26 -0.27 5.29 2.92 3.05 ---
Morningstar Percentile Rankings** --- --- --- 73 91 68 36 ---
# of Funds in Category 432 431 418 409 376 331 247 ---
03/01/201012/15/1975
**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


Expenses

  as of 09/30/2021
Total Investment Expense - Gross: 1.30%
Total Investment Expense - Net: 1.30%
12b-1 Fee: 0.35%

Statistics

 

30-Day SEC Yield - Subsidized (Net)
as of 09/30/2021:
0.21%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 09/30/2021:
0.21%


Inv Manager or Sub-Advisor

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Principal Global Investors



Portfolio Managers

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John R. Friedl , CFA
Since 03/01/2005
M.S. , Seattle University

Scott J. Peterson , CFA
Since 05/19/2010
M.B.A. , New York University






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.

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 Fixed Income 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

The Bloomberg US Aggregate Bond Index measures the performance of investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS. It rolls up into other Barclays flagship indices, such as the multi-currency Global Aggregate Index and the U.S. Universal Index, which includes high yield and emerging markets debt.

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.