Principal Bond Market Index Fund
Overview
Performance
As of 11/30/2025
YTD
7.36%
1-year
5.50%
3-year
4.40%
5-year
-0.43%
10-year
1.79%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Fund details
as of
12/11/2025
unless indicated otherwise
Fund ticker
PNIIX
CUSIP
742553316
Benchmark
Bloomberg U.S. Aggregate Bond Index
NAV
$8.87
Total fund assets
$2.72B
Dividend frequency
Annually
Minimum investment
—
Inception date
12/30/2009
Morningstar category
Intermediate Core Bond
Investment approach
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 Index (the "index"). 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).
Performance & expenses
As of
11/30/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 0.56% | 2.30% | 7.36% | 5.50% | 4.40% | -0.43% | 1.79% | 2.48% | — |
| Benchmark performance Bloomberg U.S. Aggregate Bond Index |
0.62% | 2.35% | 7.46% | 5.70% | 4.56% | -0.31% | 1.99% | — | — |
| Morningstar category average Intermediate Core Bond |
0.63% | 2.27% | 7.30% | 5.63% | 4.71% | -0.22% | 1.97% | — | — |
| Morningstar percentile rankings | — | — | — | 71 | 75 | 68 | 71 | — | — |
| # of funds in category | 458 | 457 | 444 | 439 | 414 | 371 | 275 | — | 414 |
| Morningstar rating | — | — | — | — | — |
30-Day SEC yield
Unsubsidized as of
11/30/2025
4.12%
30-Day SEC yield
Subsidized as of
11/30/2025
4.12%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 1.03% | 1.97% | 6.03% | 2.67% | 4.75% | -0.58% | 1.63% | 2.42% | — |
| Benchmark performance Bloomberg U.S. Aggregate Bond Index |
1.09% | 2.03% | 6.13% | 2.88% | 4.93% | -0.45% | 1.84% | — | — |
| Morningstar category average Intermediate Core Bond |
1.00% | 2.03% | 6.01% | 3.00% | 4.98% | -0.31% | 1.82% | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Data | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total return | 1.16% | 5.55% | -13.27% | -1.67% | 7.29% |
| Morningstar category average Intermediate Core Bond |
1.68% | 5.59% | -13.32% | -1.48% | 7.52% |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
| Date | Type | Dollar per share |
|---|---|---|
| 12/20/2024 | Income | 0.2985 |
| 12/21/2023 | Income | 0.3545 |
| 12/21/2022 | Income | 0.1392 |
Expense ratio gross
0.13%
Expense ratio net
0.13%
Expense limit expiration date
—
Maximum up-front sales charge
—
Contingent deferred sales charge
—
In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.
Ratings
Morningstar Medalist Rating™
as of 10/31/2025
| Analyst-Driven %: 90 | Data Coverage %: 100
Holdings
Top 10
as of
10/31/2025
% of Assets
% of Assets
1.
Principal Government Money Mar
1.96%
2.
United States Treasury Note/Bo
0.69%
3.
iShares iBoxx $ Investment Gra
0.67%
4.
United States Treasury Note/Bo
0.63%
5.
United States Treasury Note/Bo
0.58%
6.
United States Treasury Note/Bo
0.49%
7.
United States Treasury Note/Bo
0.46%
8.
United States Treasury Note/Bo
0.46%
9.
United States Treasury Note/Bo
0.45%
10.
United States Treasury Note/Bo
0.45%
Portfolio management
Jeff Callahan, CFA
19 years of experience
Darryl Trunnel, CFA
36 years of experience