Principal Core Plus Bond Fund (PBMPX)
The investment seeks to provide current income and, as a secondary objective, capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in bonds or other debt securities at the time of purchase. Under normal circumstances, the fund maintains an average portfolio duration that is within ±25% of the duration of the Bloomberg US Aggregate Bond Index.
Fund Info
ISIN | US74251T8751 |
---|---|
Issuer | Principal |
Inception Date | Dec 6, 2000 |
Category | Intermediate Core-Plus Bond |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
PBMPX has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Core Plus 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 Core Plus Bond Fund had a return of -1.11% year-to-date (YTD) and 1.37% in the last 12 months. Over the past 10 years, Principal Core Plus Bond Fund had an annualized return of 1.29%, while the S&P 500 had an annualized return of 10.97%, indicating that Principal Core Plus Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -1.11% | 11.29% |
1 month | 2.38% | 4.87% |
6 months | 5.06% | 17.88% |
1 year | 1.37% | 29.16% |
5 years (annualized) | 0.32% | 13.20% |
10 years (annualized) | 1.29% | 10.97% |
Monthly Returns
The table below presents the monthly returns of PBMPX, 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.17% | -1.58% | 0.87% | -2.68% | -1.11% | ||||||||
2023 | 3.34% | -2.62% | 2.21% | 0.55% | -1.29% | -0.32% | 0.02% | -0.84% | -2.98% | -1.66% | 4.83% | 4.22% | 5.23% |
2022 | -2.27% | -1.48% | -2.45% | -4.01% | 0.47% | -2.52% | 2.84% | -2.68% | -4.83% | -1.25% | 3.85% | -0.67% | -14.32% |
2021 | -0.78% | -1.41% | -0.68% | 0.91% | 0.15% | 1.06% | 0.71% | -0.01% | -0.73% | -0.01% | -0.21% | 0.17% | -0.85% |
2020 | 1.69% | 1.46% | -2.64% | 3.14% | 1.11% | 0.99% | 2.32% | -0.59% | -0.27% | -0.30% | 1.81% | 0.36% | 9.33% |
2019 | 1.62% | 0.19% | 1.78% | 0.34% | 1.50% | 1.53% | 0.34% | 2.19% | -0.48% | 0.12% | -0.06% | 0.21% | 9.64% |
2018 | -0.76% | -1.25% | 0.17% | -0.59% | 0.28% | -0.20% | 0.37% | 0.52% | -0.49% | -1.12% | 0.11% | 1.06% | -1.93% |
2017 | 0.41% | 0.87% | -0.12% | 0.86% | 0.79% | 0.06% | 0.50% | 0.69% | -0.13% | 0.24% | -0.13% | 0.53% | 4.66% |
2016 | 0.75% | 0.48% | 1.33% | 0.96% | 0.01% | 1.68% | 1.02% | 0.19% | -0.10% | -0.63% | -2.28% | 0.34% | 3.74% |
2015 | 1.82% | -0.33% | 0.31% | -0.16% | -0.26% | -1.22% | 0.44% | -0.51% | 0.23% | 0.35% | -0.32% | -0.85% | -0.54% |
2014 | 1.34% | 0.74% | -0.07% | 0.84% | 1.03% | 0.20% | -0.24% | 0.95% | -0.97% | 0.81% | 0.42% | -0.28% | 4.86% |
2013 | -0.54% | 0.44% | 0.19% | 1.18% | -1.70% | -1.94% | 0.20% | -0.64% | 0.85% | 1.23% | -0.35% | -0.25% | -1.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PBMPX is 5, indicating that it is in the bottom 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PBMPX (Principal Core Plus Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Core Plus Bond Fund (PBMPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal Core Plus Bond Fund granted a 3.43% dividend yield in the last twelve months. The annual payout for that period amounted to $0.31 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.31 | $0.28 | $0.22 | $0.33 | $0.80 | $0.38 | $0.35 | $0.30 | $0.25 | $0.23 | $0.28 | $0.25 |
Dividend yield | 3.43% | 3.04% | 2.42% | 3.11% | 7.15% | 3.44% | 3.36% | 2.79% | 2.29% | 2.21% | 2.60% | 2.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Core Plus 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.28 |
2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.03 | $0.22 |
2021 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.15 | $0.33 |
2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.55 | $0.80 |
2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.08 | $0.38 |
2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.03 | $0.25 |
2015 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.28 |
2013 | $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 |
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 Core Plus 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 Core Plus Bond Fund was 19.68%, occurring on Nov 21, 2008. Recovery took 233 trading sessions.
The current Principal Core Plus Bond Fund drawdown is 11.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-19.68% | Jan 24, 2008 | 211 | Nov 21, 2008 | 233 | Oct 27, 2009 | 444 |
-19.2% | Sep 16, 2021 | 279 | Oct 24, 2022 | — | — | — |
-8.1% | Mar 10, 2020 | 8 | Mar 19, 2020 | 55 | Jun 8, 2020 | 63 |
-5.03% | May 3, 2013 | 87 | Sep 5, 2013 | 163 | Apr 30, 2014 | 250 |
-4.28% | Jun 26, 2003 | 34 | Aug 14, 2003 | 102 | Jan 9, 2004 | 136 |
Volatility
Volatility Chart
The current Principal Core Plus Bond Fund volatility is 1.59%, 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.