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Investment Type: pifretail

Income Fund (A) (CMPIX)






Class A | Class B | Class C | Class J | Class P

Quick Facts


CMPIX
12/15/1975
Intermediate-Term Bond
$2,701.32

Investment Strategy

   What's this?
The investment seeks to provide a high level of current income consistent with preservation of capital. The fund invests primarily in a diversified pool of fixed-income securities including corporate securities, U.S. government securities, and mortgage-backed securities, up to 35% of which may be in below investment grade bonds which are rated at the time of purchase Ba1 or lower by Moody's and BB+ or lower by S&P. It maintains an average portfolio duration that is within 25% of the duration of the Barclays U.S. Aggregate Bond Index. The fund also invests in foreign securities and real estate investment trust ("REIT") securities.




Morningstar Style Box™

  as of 05/31/2014
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Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 06/30/2014
What's this?

Out of 931 Intermediate-Term Bond Funds

StarRating

Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.


Total Returns



Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Where gross and net expense ratios differ, Principal Management Corporation has contractually agreed to limit the investment option's expenses. Differences also may be due to Principal Management Corporation's decision to pay (through the same dates) certain expenses that would normally be payable by the fund. Returns displayed are based on net total investment expense.


Month-End | Quarter-End
Average Annual Total Returns as of 06/30/2014
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Excluding Sales Charge % 0.07 2.33 4.64 6.50 5.25 7.28 5.89 7.84
Including Sales Charge % -2.22 0.06 2.28 4.11 4.45 6.80 5.65 7.71
Barclays Aggregate Bond Index % 0.05 2.04 3.93 4.37 3.66 4.85 4.93 ---
Intermediate-Term Bond Category % 0.17 2.09 4.10 5.07 4.08 6.02 4.77 ---
Morningstar Percentile Rankings** --- --- --- 17 15 19 13 ---
# of Funds in Category 1094 1082 1076 1053 931 797 576 ---
12/15/1975
**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


Expenses

  as of 06/30/2014
Total Investment Expense - Gross: 0.89%
Total Investment Expense - Net: 0.89%
Maximum Up-front Sales Charge: 2.25%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%

Statistics

 

30-Day SEC Yield - Subsidized (Net)
as of 06/30/2014:
2.29%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 06/30/2014:
2.29%


Growth of $10,000

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Represents performance for Class A shares adjusted for the maximum sales charge and assumes the reinvestment of distributions.

Performance assumes reinvestment of all dividends and capital gains. Extended performance is calculated based on the historical performance of the investment option's oldest share class, adjusted for the fees and expenses of the share class shown. Periods of less than one year are not annualized.



Inv Manager or Sub-Advisor

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Edge Asset Management, Inc.



Portfolio Managers

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John R. Friedl , CFA
Since 03/01/2005
M.S. , Seattle University

Scott J. Peterson , CFA
Since 05/19/2010
M.B.A. , New York University

Ryan P. McCann , CFA
Since 05/19/2010
B.A. , Washington State University

Gregory L. Tornga , CFA
Since 07/01/2011
M.B.A. , Chapman University






Morningstar
© 2014 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The full name of this investment option is Principal Income Fund (A).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds, Inc. is distributed by Principal Funds Distributor, Inc., member of the Principal Financial Group®. Principal Funds Distributor, Principal Shareholder Services, Principal Management Corporation and its affiliates, and Principal Funds, Inc. are collectively referred to as Principal Funds.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

Barclays Aggregate Bond Index represents securities that are domestic, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.