Principal Bond Market Index Fund (PNIIX)
The investment seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in investments designed to track the Bloomberg US Aggregate Bond Index (the "index") at the time of purchase. The index is composed of investment grade, fixed rate debt issues with maturities of one year or more, including government securities, corporate securities, and asset-backed and mortgage-backed securities (securitized products).
Fund Info
US7425533160
742553316
Dec 30, 2009
$0
Expense Ratio
PNIIX has an expense ratio of 0.15%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Principal Bond Market Index 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 Bond Market Index Fund had a return of 0.84% year-to-date (YTD) and 3.86% in the last 12 months. Over the past 10 years, Principal Bond Market Index Fund had an annualized return of 0.06%, while the S&P 500 had an annualized return of 11.31%, indicating that Principal Bond Market Index Fund did not perform as well as the benchmark.
PNIIX
0.84%
0.84%
-1.57%
3.86%
-2.95%
0.06%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PNIIX, 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 | 0.60% | 0.84% | |||||||||||
| 2024 | -0.12% | -1.53% | 0.84% | -2.49% | 1.71% | 0.96% | 2.37% | 1.39% | 1.37% | -2.48% | 1.04% | -1.72% | 1.17% |
| 2023 | 3.34% | -2.66% | 2.61% | 0.58% | -1.03% | -0.35% | -0.12% | -0.70% | -2.59% | -1.69% | 4.66% | 3.70% | 5.56% |
| 2022 | -2.04% | -1.14% | -2.84% | -3.79% | 0.68% | -1.56% | 2.38% | -2.77% | -4.33% | -1.31% | 3.62% | -0.73% | -13.27% |
| 2021 | -0.79% | -1.68% | -0.90% | 0.81% | 0.20% | 0.80% | 1.10% | -0.20% | -0.89% | -0.00% | 0.20% | -0.62% | -1.99% |
| 2020 | 1.95% | 1.74% | -0.43% | 1.63% | 0.51% | 0.59% | 1.42% | -0.83% | -0.08% | -0.50% | 1.00% | -10.04% | -3.57% |
| 2019 | 1.03% | -0.09% | 1.96% | 0.00% | 1.74% | 1.26% | 0.18% | 2.57% | -0.52% | 0.26% | -0.09% | -0.07% | 8.47% |
| 2018 | -1.19% | -0.93% | 0.56% | -0.74% | 0.75% | -0.19% | -0.00% | 0.65% | -0.65% | -0.84% | 0.56% | 1.85% | -0.20% |
| 2017 | 0.18% | 0.65% | -0.09% | 0.73% | 0.82% | -0.18% | 0.45% | 0.90% | -0.54% | 0.09% | -0.18% | 0.44% | 3.31% |
| 2016 | 1.39% | 0.64% | 0.91% | 0.36% | -0.09% | 1.80% | 0.62% | -0.17% | -0.09% | -0.79% | -2.48% | 0.12% | 2.16% |
| 2015 | 2.09% | -0.98% | 0.45% | -0.36% | -0.27% | -1.08% | 0.64% | -0.18% | 0.63% | -0.00% | -0.27% | -0.53% | 0.10% |
| 2014 | 1.52% | 0.47% | -0.19% | 0.84% | 1.11% | 0.09% | -0.27% | 0.92% | 0.36% | 0.91% | 0.63% | -0.12% | 6.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PNIIX is 27, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Bond Market Index Fund (PNIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Principal Bond Market Index Fund provided a 3.58% dividend yield over the last twelve months, with an annual payout of $0.30 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.36 | $0.14 | $0.17 | $0.68 | $0.27 | $0.27 | $0.26 | $0.19 | $0.21 | $0.22 |
Dividend yield | 3.58% | 3.61% | 4.18% | 1.66% | 1.71% | 6.62% | 2.40% | 2.51% | 2.35% | 1.77% | 1.96% | 1.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Bond Market Index 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2014 | $0.22 | $0.22 |
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 Bond Market Index 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 Bond Market Index Fund was 27.21%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Principal Bond Market Index Fund drawdown is 18.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.21% | Aug 7, 2020 | 558 | Oct 24, 2022 | — | — | — |
| -6.21% | Mar 10, 2020 | 8 | Mar 19, 2020 | 57 | Jun 10, 2020 | 65 |
| -5.11% | May 3, 2013 | 87 | Sep 5, 2013 | 174 | May 15, 2014 | 261 |
| -4.55% | Jul 11, 2016 | 113 | Dec 16, 2016 | 179 | Sep 5, 2017 | 292 |
| -3.71% | Nov 5, 2010 | 67 | Feb 10, 2011 | 73 | May 26, 2011 | 140 |
Volatility
Volatility Chart
The current Principal Bond Market Index Fund volatility is 1.39%, 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.