Principal Government & High Quality Bond Fund (CMPGX)
The investment seeks a high level of current income consistent with safety and liquidity. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in debt securities issued by the U.S. government, its agencies or instrumentalities or debt securities that are rated, at the time of purchase, AAA by S&P Global or Aaa by Moody's, including but not limited to ABS, mortgage securities such as agency and non-agency collateralized mortgage obligations, and other obligations that are secured by mortgages or mortgage-backed securities.
Fund Info
US74254V3722
74254V372
May 3, 1984
$1,000
Expense Ratio
CMPGX features an expense ratio of 0.78%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Government & High Quality Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Principal Government & High Quality Bond Fund had a return of 0.23% year-to-date (YTD) and 3.31% in the last 12 months. Over the past 10 years, Principal Government & High Quality Bond Fund had an annualized return of 0.25%, while the S&P 500 had an annualized return of 11.31%, indicating that Principal Government & High Quality Bond Fund did not perform as well as the benchmark.
CMPGX
0.23%
0.57%
-2.51%
3.31%
-1.62%
0.25%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of CMPGX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.11% | 0.23% | |||||||||||
| 2024 | -0.44% | -1.70% | 0.68% | -2.85% | 2.00% | 1.14% | 2.63% | 1.69% | 1.08% | -3.23% | 1.40% | -1.73% | 0.45% |
| 2023 | 3.26% | -2.77% | 2.15% | 0.52% | -1.00% | -0.55% | -0.24% | -0.91% | -3.43% | -1.81% | 5.33% | 4.21% | 4.44% |
| 2022 | -1.46% | -0.79% | -2.78% | -3.28% | 0.98% | -1.67% | 3.02% | -3.34% | -5.10% | -1.44% | 4.04% | -0.65% | -12.12% |
| 2021 | 0.21% | -0.47% | -0.49% | 0.48% | -0.31% | -0.12% | 0.46% | -0.20% | -0.39% | -0.49% | -0.27% | -0.17% | -1.78% |
| 2020 | 0.79% | 0.95% | -1.13% | 1.05% | 0.45% | -0.04% | 0.25% | 0.14% | 0.05% | 0.07% | -0.43% | 0.33% | 2.50% |
| 2019 | 0.81% | -0.10% | 1.30% | -0.08% | 1.31% | 0.87% | 0.31% | 1.08% | -0.11% | 0.39% | 0.02% | 0.21% | 6.16% |
| 2018 | -1.24% | -0.58% | 0.44% | -0.27% | 0.63% | -0.07% | -0.17% | 0.64% | -0.70% | -0.58% | 0.84% | 1.62% | 0.53% |
| 2017 | 0.03% | 0.39% | -0.11% | 0.60% | 0.43% | -0.44% | 0.48% | 0.57% | -0.34% | -0.11% | -0.27% | 0.14% | 1.38% |
| 2016 | 1.56% | 0.28% | 0.29% | 0.20% | -0.16% | 1.23% | -0.03% | -0.23% | 0.53% | -0.28% | -1.71% | -0.21% | 1.43% |
| 2015 | 1.02% | -0.35% | 0.39% | 0.13% | 0.05% | -0.77% | 0.62% | -0.13% | 0.34% | -0.07% | -0.27% | -0.31% | 0.64% |
| 2014 | 1.26% | 0.40% | -0.39% | 0.88% | 0.98% | 0.15% | -0.30% | 0.70% | -0.23% | 0.70% | 0.54% | 0.04% | 4.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CMPGX is 18, meaning it’s performing worse than 82% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Government & High Quality Bond Fund (CMPGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal Government & High Quality Bond Fund provided a 2.59% dividend yield over the last twelve months, with an annual payout of $0.23 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.25 | $0.23 | $0.14 | $0.11 | $0.21 | $0.26 | $0.27 | $0.34 | $0.40 | $0.32 | $0.31 |
Dividend yield | 2.59% | 2.82% | 2.60% | 1.61% | 1.10% | 2.00% | 2.46% | 2.66% | 3.31% | 3.76% | 2.97% | 2.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Government & High Quality Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.23 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.02 | $0.14 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.02 | $0.01 | $0.02 | $0.02 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.32 |
| 2014 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Government & High Quality Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal Government & High Quality Bond Fund was 19.16%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Principal Government & High Quality Bond Fund drawdown is 9.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.16% | Feb 10, 2021 | 674 | Oct 19, 2023 | — | — | — |
| -7.92% | Feb 1, 1994 | 193 | Nov 4, 1994 | 105 | Apr 6, 1995 | 298 |
| -5.19% | Feb 14, 1996 | 83 | Jun 12, 1996 | 97 | Oct 29, 1996 | 180 |
| -4.88% | Apr 1, 1987 | 16 | Apr 23, 1987 | 5 | Apr 30, 1987 | 21 |
| -4.19% | May 2, 2013 | 88 | Sep 5, 2013 | 165 | May 7, 2014 | 253 |
Volatility
Volatility Chart
The current Principal Government & High Quality Bond Fund volatility is 1.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.