About PFIPX
The Principal Strategic Asset Management Flexible Income Fund R-3 Class is a mutual fund designed to deliver a high level of total return by combining income generation with limited capital appreciation. Classified under conservative allocation, the fund predominantly invests in a diverse mix of asset classes—primarily fixed income securities and a calculated portion of equities, typically maintaining a 15% to 30% allocation to stocks. This balanced approach aims to provide investors with steady income while managing risk and seeking modest growth. The fund’s strategy prioritizes capital preservation, making it well-suited for investors seeking lower volatility than equity-focused funds, but with potential for higher returns than pure fixed income portfolios.
Managed by a team with extensive industry experience, the fund leverages various Principal-related funds and ETFs, which currently comprise a significant portion of its holdings. Monthly dividend distributions and a history of consistent payouts underscore its income focus, while the inclusion of domestic and, to a lesser extent, international securities allows for diversified exposure. Established in 2007, the Principal Strategic Asset Management Flexible Income Fund R-3 Class plays a role as a core component in the portfolios of individuals or institutions seeking a conservative, income-oriented investment option within the mutual fund landscape.
Fund Family Principal Funds
Category Mix Tgt Alloc Con
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PFIPX
Share Class R-3
Index Bloomberg U.S. Aggregate Bond TR
PFIPX had a total return of 10.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.67%.
