Principal Inflation Protection Inst (PIPIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.93
+0.01 (0.13%)
Aug 20, 2025, 4:00 PM EDT
0.13%
Fund Assets2.30B
Expense Ratio0.40%
Min. Investment$0.00
Turnover109.60%
Dividend (ttm)0.26
Dividend Yield3.23%
Dividend Growth-8.00%
Payout Frequencyn/a
Ex-Dividend DateDec 27, 2024
Previous Close7.92
YTD Return5.31%
1-Year Return3.55%
5-Year Return5.08%
52-Week Low7.49
52-Week High8.06
Beta (5Y)0.27
Holdings457
Inception DateDec 29, 2004

About PIPIX

Principal Inflation Protection Fund Institutional Class is a mutual fund focused on providing current income and real, inflation-adjusted total returns. The fund primarily invests in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies, and governmental instrumentalities, as well as select corporations. By emphasizing inflation-protected securities, such as U.S. Treasury Inflation-Protected Securities (TIPS), the fund aims to preserve purchasing power regardless of shifts in the inflation rate. It maintains an average portfolio duration within ±20% of the duration of the Bloomberg U.S. Treasury TIPS Index, ensuring its sensitivity to interest rates closely aligns with this benchmark. The portfolio consists mostly of government-related debt, enhancing its credit quality profile, and also maintains exposure to asset-backed, mortgage-backed, and corporate bonds for diversification. With annual dividend distributions and a historically low net expense ratio, Principal Inflation Protection Fund Institutional Class occupies a specialized role among fixed income offerings, serving investors seeking to mitigate the eroding effects of inflation within a diversified investment strategy.

Fund Family Principal Funds
Category Inflation-Protected Bond
Stock Exchange NASDAQ
Ticker Symbol PIPIX
Share Class Institutional Class
Index Bloomberg U.S. TIPS TR

Performance

PIPIX had a total return of 3.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.80%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
SWRSXSchwabSchwab Treasury Infl Protected Secs Idx0.05%
VIPSXVanguardVanguard Inflation-Protected Secs Inv0.20%
FIPDXFidelityFidelity Inflation-Prot Bd Index0.05%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
PBPPXR-50.65%
PIPJXClass J0.80%
PIFPXR-30.96%

Top 10 Holdings

211.46% of assets
NameSymbolWeight
RECV OIS INTEREST RATE SW Receiven/a57.52%
RECV OIS INTEREST RATE SW Receiven/a28.76%
RECV LCH INTEREST RATE SW Receiven/a28.30%
RECV OIS INTEREST RATE SW Receiven/a28.17%
Future on 2 Year Treasury Noten/a24.46%
RECV OIS INTEREST RATE SW Receiven/a17.18%
RECV LCH INTEREST RATE SW Receiven/a14.12%
Federal National Mortgage AssociationFNCL.5.5 8.114.58%
United States Treasury NotesTII.2.125 01.15.354.22%
5 Year Interest Rate Swap Receiven/a4.15%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 27, 2024$0.2565Dec 27, 2024
Dec 27, 2023$0.2788Dec 27, 2023
Dec 28, 2022$0.4882Dec 28, 2022
Dec 29, 2021$0.3888Dec 29, 2021
Dec 20, 2021$0.2924Dec 20, 2021
Dec 29, 2020$0.0458Dec 29, 2020
Full Dividend History