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Investment Type: pifretail

Core Fixed Income Fund (A) (CMPIX)






Class A | Class J | Class I

Quick Facts


CMPIX
12/15/1975
Intermediate Core Bond
$10,809.26

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 25% of the duration of the Bloomberg U.S. Aggregate Bond Index.




Morningstar Style Box™

  as of 02/29/2024
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 03/31/2024
   What's this?

Out of 426 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.

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 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Excluding Sales Charge % 0.86 -0.64 -0.64 1.62 -2.55 0.20 1.46 6.48
Including Sales Charge % -1.36 -2.90 -2.90 -0.69 -3.29 -0.25 1.23 6.38
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** --- --- --- 66 55 66 49 ---
# of Funds in Category 486 484 484 470 426 385 275 ---
12/15/1975
**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 03/31/2024
Total Investment Expense - Gross: 0.76%
Total Investment Expense - Net: 0.76%
Maximum Up-front Sales Charge: 2.25%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%

Statistics

 

30-Day SEC Yield - Subsidized (Net)
as of 03/31/2024:
3.95%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 03/31/2024:
3.95%


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

Michael Goosay
Since 08/07/2023







Morningstar
© 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 Core Fixed Income Fund (A).

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.

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.