Request URL: https://www.principal.com/InvestmentProfiles/overview.faces
Investment Type: pifretail

Bond Market Index Fund (J) (PBIJX)

Quick Facts Ticker: PBIJX Inception Date: 03/16/2010 Extended Performance Inception Date: 12/30/2009 Morningstar Category: Intermediate Core Bond Total Net Assets (mil): $2,024.63	Investment Strategy    What's this? The investment seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in investments designed to track the Bloomberg U.S. Aggregate Bond Index (the "index") at the time of purchase. The index is composed of investment grade, fixed-rate debt issues with maturities of one year or more, including government securities, corporate securities, and asset-backed and mortgage-backed securities (securitized products).
Morningstar Style Box™   as of 02/29/2024    What's this?	Overall Morningstar Star Rating™   as of 03/31/2024    What's this? Out of 426 Intermediate Core 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. Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.

Month-End | Quarter-End

Average Annual Total Returns as of 03/31/2024

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Excluding Sales Charge % 0.74 -0.96 -0.96 0.92 -2.97 -0.22 0.85 1.52 Including Sales Charge % -0.26 -1.95 -1.95 -0.05 -2.97 -0.22 0.85 1.52 Bloomberg US Aggregate Bond Index % 0.92 -0.78 -0.78 1.70 -2.46 0.36 1.54 --- Intermediate Core Bond Category % 0.87 -0.51 -0.51 2.01 -2.45 0.36 1.43 --- Morningstar Percentile Rankings** --- --- --- 93 84 88 91 --- # of Funds in Category 486 484 484 470 426 385 275 ---

* Inception Date: 03/16/2010 ; Extended Performance Inception Date: 12/30/2009

**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 03/31/2024 Total Investment Expense - Gross: 0.60% Total Investment Expense - Net: 0.58% Waiver Date: 12/30/2024 Contingent Deferred Sales Charge: 1.00% 12b-1 Fee: 0.15%

Statistics   30-Day SEC Yield - Subsidized (Net) as of 03/31/2024: 4.11% 30-Day SEC Yield - Non-Subsidized (Gross) as of 03/31/2024: 4.08%

Inv Manager or Sub-Advisor

   What's this?

Principal Global Investors

Portfolio Managers

   What's this?

Darryl Trunnel , CFA Since 07/01/2019 B.S. , Iowa State University

Jeff Callahan , CFA Since 12/18/2020 M.B.A. , University of Iowa

© 2024 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 Bond Market Index Fund (J). 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 principalfunds.com, 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

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 Bloomberg flagship indices, such as the multi-currency Global Aggregate Index and the U.S. Universal Index, which includes high yield and emerging markets debt. Each index based investment option is invested in the stocks or bonds of the index it tracks. Performance of indexes reflects the unmanaged results for the market segment the selected stocks or bonds represent. There is no assurance an index based investment option will match the performance of the index tracked. 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.