PBIJX

About PBIJX

Principal Bond Market Index Fund Class J is an intermediate core bond mutual fund designed to provide current income by closely tracking the performance of the Bloomberg U.S. Aggregate Bond Index. This passively managed fund primarily invests in a diversified range of investment-grade, fixed-rate debt securities with maturities of one year or longer. Its portfolio includes U.S. government bonds, corporate bonds, as well as asset-backed and mortgage-backed securities, reflecting the composition of its benchmark index. The fund aims to mirror the risk and return profile of the broader U.S. investment-grade bond market, making it a key vehicle for investors seeking broad exposure to this asset class. It is principally used for core fixed-income allocations in diversified portfolios, offering annual dividends and maintaining an emphasis on stable, income-generating investments. Established in 2010, the fund manages a multi-billion-dollar asset base and is categorized by Morningstar as Intermediate Core Bond, underscoring its focus on quality and moderate interest-rate risk within the fixed-income sector.