PNIIX

About PNIIX

Principal Bond Market Index Fund Institutional Class is a mutual fund focused on delivering broad exposure to the U.S. investment-grade bond market. Its primary function is to provide current income by closely tracking the performance of the Bloomberg U.S. Aggregate Bond Index, which represents a diversified universe of investment-grade, fixed-rate debt securities with maturities of at least one year. The fund invests at least 80% of its net assets in components of this index, including U.S. Treasury and government agency bonds, corporate bonds, and securitized assets such as mortgage-backed and asset-backed securities. Designed for institutional investors, the fund aims to capture the core characteristics of the U.S. bond market, serving as a foundational fixed income allocation for diversified portfolios. Classified in the Intermediate Core Bond category, it plays a significant role in offering liquidity, income generation, and diversification benefits, especially for pension plans, retirement accounts, and institutional asset managers seeking broad, low-cost exposure to domestic fixed income markets.