Principal Core Fixed Income R6 (PICNX)

10.26 +0.04  +0.39% Jul 9 USD
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Key Stats

Net Asset Value 10.26
Turnover Ratio 19.80%
1 Year Fund Level Flows 4.484B

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 1.79% 1.32% 7
3M 5.23% 3.49% 4
6M 6.18% 5.90% 53
YTD 6.46% 6.20% 55
1Y 9.41% 8.71% 41
3Y 5.92% 5.15% 13
5Y 4.73% 4.00% 12
10Y 4.67% 3.73% --
15Y 5.12% 4.23% --
20Y 5.65% 4.80% --
As of July 9, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 1.42% 1.83% 0.41%
Stock 0.20% 0.20% 0.00%
Bond 97.84% 97.84% 0.00%
Convertible 0.28% 0.28% 0.00%
Preferred 0.25% 0.25% 0.00%
Other 0.00% 0.00% 0.00%
As of May 31, 2020

Region Exposure

Americas 97.90%
North America 97.90%
Latin America 0.00%
Greater Europe 2.10%
United Kingdom 0.93%
Europe Developed 1.17%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of May 31, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

PICNX Bond Exposure

Government 14.36%
Corporate 60.44%
Securitized 23.38%
Municipal 0.00%
Cash 1.83%
Derivative 0.00%
As of May 31, 2020

PICNX Bond Credit Quality Exposure

AAA 38.47%
AA 1.36%
A 22.45%
BBB 33.66%
BB 2.55%
B 1.10%
Below B 0.38%
Not Rated 0.03%
As of May 31, 2020

PICNX Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 0.58%
183 to 364 Days 1.50%
1 to 3 Years 12.33%
3 to 5 Years 13.74%
5 to 7 Years 12.70%
7 to 10 Years 21.56%
10 to 15 Years 4.45%
15 to 20 Years 2.34%
20 to 30 Years 30.21%
Over 30 Years 0.60%
As of May 31, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
-- Interstate Power & Light Company 3.5% 0.88% -- --
-- Biogen Inc 2.25% 0.82% -- --
-- Federal National Mortgage Association 3% 0.77% -- --
-- Fifth Third Bancorp 2.38% 0.76% -- --
-- United States Treasury Bonds 3.75% 0.74% -- --
-- American Tower Corporation 2.75% 0.71% -- --
-- PNC Bank, National Association 2.7% 0.70% -- --
-- NEXTERA ENERGY CAPITAL HLDGS INC 2.75% 0.68% -- --
-- Weyerhaeuser Company 7.38% 0.67% -- --
-- Citigroup Inc. 2.98% 0.66% -- --
As of May 31, 2020
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Basic Info

Investment Strategy
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.
General
Security Type Mutual Fund
Oldest Share Symbol CMPIX
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Intermediate Core Bond
Prospectus Objective Corporate Bond - General
Fund Owner Firm Name Principal Funds
Benchmark Index
BBgBarc US Agg Bond TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
John Friedl 15.34 yrs
Scott Peterson 10.12 yrs

Share Classes

Symbol Share Class
CMPIX A
CNMCX C
PIOIX Inst
PIOJX Other
PIOMX Retirement
PIONX Retirement
PIOOX Retirement
PIOPX Retirement
PIOQX Retirement

Net Fund Flows

1M 150.15M
3M -88.25M
6M -506.74M
YTD -506.74M
1Y 4.484B
3Y 4.387B
5Y 4.275B
10Y 5.818B
As of June 30, 2020

Risk Info

Beta (5Y) 0.9851
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 2.000
Daily Value at Risk (VaR) 1% (All) 0.51%
Monthly Value at Risk (VaR) 1% (All) 3.64%

Fundamentals

Dividend Yield TTM (7-9-20) 2.68%
30-Day SEC Yield (5-31-20) 1.74%
7-Day SEC Yield (7-8-20) 0.02%
Current Yield 3.21%
Yield to Maturity --
Effective Duration 5.96
Average Coupon 3.34%
Average Credit Score 9.00 (BBB)
Average Price 108.58
Number of Holdings 447
As of May 31, 2020

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 0.00 USD
Minimum Subsequent Investment 0.00 USD
Fees
Actual 12B-1 Fee --
Actual Management Fee 0.48%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 11/25/2014
Termination Date
Last Annual Report Date 10/31/2019
Last Prospectus Date 3/1/2020
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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