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
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PIPIX
Share Class Institutional Class
Index Bloomberg U.S. TIPS TR
PIPIX had a total return of -1.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.70%.
