PRBDX

About PRBDX

Principal Core Plus Bond Fund Class A is a mutual fund that primarily aims to provide current income, with a secondary focus on capital appreciation. It invests at least 80% of its assets in intermediate maturity, investment-grade fixed income and debt securities, specifically those rated BBB- or higher by leading credit rating agencies. The fund is managed by a team of experienced professionals and its portfolio consists largely of U.S. Treasury securities, government-backed mortgage instruments, and high-quality corporate bonds. This structure enables broad diversification across market sectors while maintaining an emphasis on credit quality and interest rate management. Within the broader context of the financial market, the fund plays a significant role for investors seeking a balance between yield and risk, especially within the intermediate-term bond category. It tracks its performance relative to the Bloomberg U.S. Aggregate Bond Index and distributes income monthly, making it a core fixed income holding for those looking to moderate portfolio volatility and generate steady income streams.