Nasdaq - Delayed Quote USD

Principal Core Plus Bond R3 (PBMMX)

8.83
+0.01
+(0.11%)
At close: 8:01:57 PM EDT

Fund Summary

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds. Bonds include securities issued or guaranteed by the U.S. government or its agencies or instrumentalities; asset-backed securities and mortgage-backed securities (securitized products, including collateralized mortgage obligations); and corporate bonds.

Principal Core Plus Bond R3

Des Moines, IA 50392
711 High Street
(800) 986-3343

Fund Overview

Category Intermediate Core-Plus Bond
Fund Family Principal Funds
Net Assets 536.84M
YTD Return 2.65%
Yield 4.03%
Morningstar Rating
Inception Date Mar 01, 2001

Fund Operations

Last Dividend 0.12
Last Cap Gain -19.00
Holdings Turnover 159.60%
Average for Category --

Fees & Expenses

Expense PBMMX Category Average
Annual Report Expense Ratio (net) 1.01% 0.75%
Prospectus Net Expense Ratio 1.01% --
Prospectus Gross Expense Ratio 1.01% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.74%
Max Deferred Sales Load -- 1.41%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Michael Goosay is the CIO and Global Head of Fixed Income for Principal Asset Management, overseeing the fixed income platform and serving as a portfolio manager on Short-Term Income, Core, and Core Plus mandates. Goosay joined Principal Asset Management in 2023. Previously, he spent 14 years at Goldman Sachs Asset Management (GSAM), where he most recently held the role of Global Head of Multi Sector, Long Duration, and LDI Portfolio Management and also served as a multi sector portfolio manager. Prior to GSAM, Goosay worked as a portfolio manager and fixed income trader at Drake Management, JPMorgan, and Prudential. Goosay earned his bachelor's degree in finance from Albright College and an MBA in finance from the Rutgers University Graduate School of Management.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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