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 Allocation--15% to 30% Equity
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 2.74% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.94%.
