About PBAPX
Principal SAM Balanced Portfolio R-3 is a target risk asset allocation mutual fund within Principal's Strategic Asset Management (SAM) series, designed to deliver sophisticated portfolio management through the convenience of a single fund. It operates as a fund-of-funds, investing in a diverse mix of up to 28 asset classes to maximize return at a given level of risk, with a strategic allocation typically comprising around 60% equity funds, 33% fixed-income funds, and 7% alternatives and specialty funds. The fund generally allocates between 40% and 80% of assets to equity funds (with less than 30% in any one), 20% to 60% to fixed-income funds (less than 40% in any one), and less than 20% to specialty funds. Top holdings include Principal U.S. Mega-Cap ETF, Core Fixed Income Fund, and Principal Capital Appreciation, providing exposure to U.S. mega-cap equities, core bonds, and growth-oriented strategies. Principal SAM Balanced Portfolio R-3 benchmarks against the SAM Balanced Blended Index, composed of 15% MSCI EAFE Index, 45% Russell 3000 Index, and 40% Bloomberg Aggregate Bond Index, serving investors seeking balanced growth and income with moderate risk in diversified portfolios.
Fund Family Principal Funds
Category Mix Tgt All Gro
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PBAPX
Share Class R-3
Index Russell 3000 TR
PBAPX had a total return of 13.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.91%.
