Principal Core Fixed Income Fund Class A (CMPIX)
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Principal Core Fixed Income Fund Class A Profile
| NASDAQ Exchange | United States Country |
Overview
The fund specializes in diversified investment strategies focusing on investment-grade fixed-income securities. It shows a preference for a mix of corporate securities, U.S. government securities, asset-backed securities, and mortgage-backed securities to ensure a broad diversification across its investment portfolio. To align with its investment objectives and manage risk, the fund carefully maintains an average portfolio duration that is closely calibrated to be within ±25% of the duration of the Bloomberg U.S. Aggregate Bond Index. This strategic duration management aids in mitigating the impact of interest rate movements on the portfolio.
Products and Services
- Corporate Securities
Investments in debt instruments issued by corporations. These are often used to finance operations, mergers, expansions, or other corporate activities. Corporate securities can offer higher yields compared to government securities but come with higher risk, reflecting the creditworthiness of the issuing companies.
- U.S. Government Securities
Investments in debt instruments issued by the U.S. government. These securities are considered to have lower risk since they are backed by the full faith and credit of the United States. They include Treasury bills, notes, and bonds, catering to investors seeking stability and predictable income.
- Asset-Backed Securities (ABS)
Investments in securities backed by a pool of assets, usually loans or receivables. The cash flows from these underlying assets, such as mortgage payments, credit card receivables, or car loans, are used to pay interest and principal on the ABS. These instruments can offer diversification benefits and risk-adjusted returns to investors.
- Mortgage-Backed Securities (MBS)
Investments in securities backed by mortgage loans. MBS are a type of Asset-Backed Security specifically tied to mortgage loans. These securities fund the housing market and are susceptible to prepayment risk, which can affect yields. They offer monthly income and a level of diversity, integral to a diversified investment strategy.
