Principal Inflation Protection Fund Institutional Class (PIPIX)
| Fund Assets | 2.27B |
| Expense Ratio | 0.11% |
| Min. Investment | $1,000 |
| Turnover | 155.40% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 4.64% |
| Dividend Growth | 40.62% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 7.80 |
| YTD Return | 1.43% |
| 1-Year Return | 4.70% |
| 5-Year Return | 6.89% |
| 52-Week Low | 7.29 |
| 52-Week High | 7.80 |
| Beta (5Y) | 0.30 |
| Holdings | 391 |
| Inception Date | Dec 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.
Performance
PIPIX had a total return of 4.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.13%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $0.3607 | Dec 29, 2025 |
| Dec 27, 2024 | $0.2565 | Dec 27, 2024 |
| Dec 27, 2023 | $0.2788 | Dec 27, 2023 |
| Dec 28, 2022 | $0.4882 | Dec 28, 2022 |
| Dec 29, 2021 | $0.3888 | Dec 29, 2021 |
| Dec 20, 2021 | $0.2924 | Dec 20, 2021 |