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Investment Type: pifretail

Government & High Quality Bond Fund (A) (CMPGX)






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

Quick Facts


CMPGX
05/04/1984
Intermediate Government
$1,714.02

Investment Strategy

   What's this?
The investment seeks to provide a high level of current income consistent with safety and liquidity. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in securities issued by the U.S. government, its agencies or instrumentalities or securities that are rated AAA by S&P, AAA by Fitch, or Aaa by Moody's, including but not limited to mortgage securities such as agency and non-agency collateralized mortgage obligations, and other obligations that are secured by mortgages or mortgage-backed securities. It maintains an average portfolio duration that is within 25% of the duration of the Barclays Fixed-Rate MBS Index.




Morningstar Style Box™

  as of 02/28/2014
What's this?
Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 03/31/2014
What's this?

Out of 297 Intermediate Government 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 03/31/2014
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Inception*
Excluding Sales Charge % -0.41 1.26 1.26 -0.64 2.88 4.07 4.02 6.70
Including Sales Charge % -2.63 -1.03 -1.03 -2.88 2.11 3.59 3.79 6.54
Barclays US Agency Fixed Rate MBS Index % -0.33 1.60 1.60 0.18 2.79 3.58 4.61 ---
Intermediate Government Category % -0.35 1.48 1.48 -1.22 2.56 3.34 3.69 ---
Morningstar Percentile Rankings** --- --- --- 26 31 19 30 ---
# of Funds in Category 315 313 313 310 297 281 239 ---
05/04/1984
**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 03/31/2014
Total Investment Expense - Gross: 0.89%
Total Investment Expense - Net: 0.89%
Waiver Date: 02/28/2015
Contractual Cap Date: 02/28/2015
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 03/31/2014:
2.31%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 03/31/2014:
2.21%


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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Scott J. Peterson , CFA
Since 01/01/2010
M.B.A. , New York University

John R. Friedl , CFA
Since 05/19/2010
M.S. , Seattle 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 Government & High Quality Bond 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 US Agency Fixed Rate MBS Index covers the fixed-rate mortgage-backed pass-through securities issued by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mae (FHLMC).

For Government High Quality Bond Fund (A) the Distributor has voluntarily agreed to waive .10% which limits the investment option's 12b-1 fees to .15%. These limits apply now but may be terminated at any time.

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

Formerly known as Mortgage Securities Fund.

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.