Principal SAM Flexible Income Inst (PIFIX)
| Fund Assets | 2.24B |
| Expense Ratio | 0.72% |
| Min. Investment | $0.00 |
| Turnover | 19.80% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.01% |
| Dividend Growth | 1.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 31, 2025 |
| Previous Close | 12.80 |
| YTD Return | 8.83% |
| 1-Year Return | 8.09% |
| 5-Year Return | 20.69% |
| 52-Week Low | 11.50 |
| 52-Week High | 12.91 |
| Beta (5Y) | n/a |
| Holdings | 25 |
| Inception Date | Jan 17, 2007 |
About PIFIX
The Principal Strategic Asset Management Flexible Income Fund Institutional Class is a mutual fund designed to offer a high level of total return, combining income generation with some capital appreciation. Its core purpose is to provide investors with a conservative allocation strategy by diversifying assets across multiple classes, including U.S. stocks, bonds, and cash equivalents. The fund prioritizes capital preservation while seeking steady income, making it suitable for those with moderate risk tolerance who are looking for lower volatility compared to pure equity funds. A notable feature of this fund is its strategic asset allocation: it typically maintains a mix with a significant majority in fixed income securities and a smaller portion in equities—generally expecting exposure between 15% and 30% to stocks. This approach supports its goal of balancing income and risk. The fund’s portfolio is highly concentrated, with its top ten holdings constituting over 80% of assets, which differentiates it from the more diversified category average. Additionally, it distributes income monthly, catering to investors seeking regular payouts. The fund is managed by Principal Global Investors and benefits from their multi-manager investment approach and deep expertise in both bond and equity markets. Overall, the fund plays a significant role for investors seeking diversified, income-focused exposure within the conservative allocation mutual fund segment.
Performance
PIFIX had a total return of 8.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.67%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
82.70% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Core Fixed Income R6 | PICNX | 29.85% |
| Principal Bond Market Index Instl | PNIIX | 12.40% |
| Principal U.S. Mega-Cap ETF | USMC | 8.12% |
| Principal Inflation Protection Inst | PIPIX | 5.83% |
| Principal Finisterre EmMkts TR Bd Instl | PFUMX | 5.80% |
| Principal Short-Term Income Inst | PSHIX | 4.57% |
| Principal Government & High Qual Bd Inst | PMRIX | 4.36% |
| Principal High Yield R-6 | PHYFX | 4.11% |
| Principal Capital Appreciation Inst | PWCIX | 3.86% |
| Principal Spectrum Pref&Cptl Scs IncR6 | PPREX | 3.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 31, 2025 | $0.0243 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0239 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0234 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0229 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0222 | Jun 30, 2025 |
| May 30, 2025 | $0.0222 | May 30, 2025 |