PBIQX

About PBIQX

Principal Bond Market Index Fund Class R5 is an open-end mutual fund designed primarily to provide current income by closely tracking the performance of the Bloomberg U.S. Aggregate Bond Index. This index includes a broad spectrum of investment grade, fixed-rate debt securities with maturities of at least one year, such as U.S. government bonds, corporate bonds, and asset-backed and mortgage-backed securities. By maintaining at least 80% of its portfolio in assets constructed to mirror the index, the fund offers comprehensive exposure to the U.S. investment-grade bond market. This approach makes it a representative fixed income solution for investors seeking diversification and core bond exposure across government, agency, and high-quality corporate debt sectors. The fund is commonly utilized as a core holding within diversified portfolios, helping to moderate volatility and provide a steady income stream through annual dividends. Its role in the market is to function as a cost-effective, index-tracking vehicle, making it suitable for investors who prioritize broad market coverage, transparency, and relative predictability in fixed income returns.