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
| ISIN | US74254V3722 |
|---|---|
| CUSIP | 74254V372 |
| Issuer | Principal Funds |
| Inception Date | May 3, 1984 |
| Category | Government Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
CMPGX has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CMPGX vs. QQQ
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 -2.81% year-to-date (YTD) and -1.99% in the last 12 months. Over the past 10 years, Principal Government & High Quality Bond Fund had an annualized return of 0.14%, while the S&P 500 had an annualized return of 10.64%, indicating that Principal Government & High Quality Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.81% | 7.50% |
| 1 month | -0.81% | -1.61% |
| 6 months | 3.66% | 17.65% |
| 1 year | -1.99% | 26.26% |
| 5 years (annualized) | -1.34% | 11.73% |
| 10 years (annualized) | 0.14% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.44% | -1.69% | 0.68% | -2.85% | ||||||||
| 2023 | -1.80% | 5.33% | 4.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CMPGX is 3, indicating that it is in the bottom 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Principal Government & High Quality Bond Fund(CMPGX)
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 granted a 2.73% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.23 | $0.14 | $0.11 | $0.21 | $0.25 | $0.27 | $0.34 | $0.40 | $0.32 | $0.31 | $0.32 |
Dividend yield | 2.73% | 2.60% | 1.60% | 1.09% | 2.00% | 2.43% | 2.65% | 3.31% | 3.76% | 2.97% | 2.78% | 2.95% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 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 |
| 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 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 19.19%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Principal Government & High Quality Bond Fund drawdown is 12.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.19% | Feb 10, 2021 | 679 | Oct 19, 2023 | — | — | — |
| -7.93% | Feb 1, 1994 | 199 | Nov 4, 1994 | 109 | Apr 6, 1995 | 308 |
| -5.19% | Feb 14, 1996 | 86 | Jun 12, 1996 | 99 | Oct 29, 1996 | 185 |
| -4.55% | Jan 9, 1992 | 47 | Mar 13, 1992 | 77 | Jun 30, 1992 | 124 |
| -4.19% | May 2, 2013 | 88 | Sep 5, 2013 | 168 | May 7, 2014 | 256 |
Volatility
Volatility Chart
The current Principal Government & High Quality Bond Fund volatility is 2.42%, 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.