PNIIX Performance — Bond Market Index Fund, Institutional Class
Data updated: 2026-07-24
PNIIX returned +0.46% year to date and +4.97% over one year to May 2026. Annualised returns are +3.76% over 3 years and +0.05% over 5 years. The fund trailed its Intermediate Core Bond category average: $100 invested three years ago grew to $112, against $115 for the category, and to $105 over one year, against $105. Volatility over the past three years was 5.61% a year. In the 12 months to May 2026 the fund took in a net $302.9M, and assets reached $2.96B.
PNIIX Growth of $100
What $100 invested in Bond Market Index Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Core Bond category average over the same months.
| Period | PNIIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $105 | $105 |
| 3 years (Jun 2023 – May 2026) | $112 | $115 |
| 5 years (Jun 2021 – May 2026) | $100 | $103 |
| Since data start (Sep 2019 – May 2026) | $105 | $109 |
PNIIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.46% |
| 1 year | +4.97% |
| 3 years (annualised) | +3.76% |
| 5 years (annualised) | +0.05% |
PNIIX Annual Returns
Calendar-year total returns of Bond Market Index Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.46% |
| 2025 | +7.01% |
| 2024 | +1.17% |
| 2023 | +5.54% |
| 2022 | −13.27% |
| 2021 | −1.68% |
| 2020 | +7.28% |
| 2019 (Sep–Dec) | −0.43% |
PNIIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +1.6% | −1.7% | +0.1% | +0.2% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +2.2% | 0.0% | +0.4% | −0.7% | +1.5% | −0.2% | +1.2% | +1.0% | +0.7% | +0.6% | −0.3% |
| 2024 | −0.1% | −1.5% | +0.8% | −2.5% | +1.7% | +1.0% | +2.4% | +1.4% | +1.4% | −2.5% | +1.0% | −1.7% |
| 2023 | +3.3% | −2.7% | +2.6% | +0.6% | −1.0% | −0.4% | −0.1% | −0.7% | −2.6% | −1.7% | +4.7% | +3.7% |
| 2022 | −2.0% | −1.1% | −2.8% | −3.8% | +0.7% | −1.6% | +2.4% | −2.8% | −4.3% | −1.3% | +3.6% | −0.7% |
| 2021 | −0.8% | −1.7% | −0.9% | +0.8% | +0.2% | +0.8% | +1.1% | −0.2% | −0.9% | 0.0% | +0.2% | −0.3% |
| 2020 | +1.9% | +1.7% | −0.4% | +1.6% | +0.5% | +0.6% | +1.4% | −0.8% | −0.1% | −0.5% | +1.0% | +0.1% |
| 2019 | — | — | — | — | — | — | — | — | −0.5% | +0.3% | −0.1% | −0.1% |
PNIIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 5.61%
- 3-year Sharpe ratio: -0.13 (vs 4.5% risk-free rate)
- Best month: +4.66% (Nov 2023)
- Worst month: −2.59% (Sep 2023)
PNIIX Fund Flows
Monthly money in and out of Bond Market Index Fund, from SEC Form N-PORT.
- 12-month net flow: $302.9M
- 12-month gross sales (incl. reinvestments): $907.4M
- Sales ÷ redemptions: 1.50×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $73.8M | $47.5M | $26.3M |
| Apr 2026 | $128.0M | $18.3M | $109.7M |
| Mar 2026 | $70.1M | $51.7M | $18.4M |
| Feb 2026 | $50.5M | $13.6M | $36.9M |
| Jan 2026 | $35.6M | $21.6M | $14.0M |
| Dec 2025 | $152.2M | $19.2M | $133.0M |
| Nov 2025 | $35.0M | $314.1M | −$279.1M |
| Oct 2025 | $135.7M | $25.4M | $110.3M |
| Sep 2025 | $33.1M | $18.2M | $14.9M |
| Aug 2025 | $34.6M | $17.7M | $17.0M |
| Jul 2025 | $89.2M | $13.9M | $75.4M |
| Jun 2025 | $69.4M | $43.1M | $26.2M |
PNIIX Assets Under Management
Net assets of Bond Market Index Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $2.96B |
| 2026-02-28 | $2.85B |
| 2025-11-30 | $2.73B |
| 2025-08-31 | $2.82B |
| 2025-05-31 | $2.63B |
| 2025-02-28 | $2.53B |
| 2024-11-30 | $2.31B |
| 2024-08-31 | $2.29B |
| 2024-05-31 | $2.02B |
| 2024-02-29 | $1.99B |
| 2023-11-30 | $2.12B |
| 2023-08-31 | $2.49B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.