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 Allocation--50% to 70% Equity
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 9.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.17%.
