Principal Inflation Protection Fund Class J (PIPJX)
| Fund Assets | 2.30B |
| Expense Ratio | 0.80% |
| Min. Investment | $1,000 |
| Turnover | 109.60% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 3.10% |
| Dividend Growth | -7.47% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 7.38 |
| YTD Return | 4.39% |
| 1-Year Return | 3.25% |
| 5-Year Return | 2.60% |
| 52-Week Low | 7.03 |
| 52-Week High | 7.56 |
| Beta (5Y) | n/a |
| Holdings | 346 |
| Inception Date | Dec 29, 2004 |
About PIPJX
The Principal Inflation Protection Fund Class J is a mutual fund designed to deliver current income and real, inflation-adjusted total returns by investing primarily in inflation-protected debt securities. It focuses on bonds whose principal values are linked to inflation indexes, such as Treasury Inflation-Protected Securities (TIPS) issued by the U.S. government, but may also include similar instruments from non-U.S. governments and corporations. This approach helps shield investors’ purchasing power from the eroding effects of inflation, making the fund particularly relevant for those seeking stable income in a fluctuating economic environment. The fund maintains an average portfolio duration within 20% of the Bloomberg U.S. Treasury TIPS Index’s duration, ensuring sensitivity to changes in interest rates similar to its key benchmark. Managed with both strategic and active asset allocation, the Principal Inflation Protection Fund Class J serves as a core holding for investors looking to incorporate diversification and inflation protection within their fixed income allocation, while retaining flexibility to respond to shifts in the interest rate and inflation outlooks.
Performance
PIPJX had a total return of 3.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.22%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
167.09% of assets| Name | Symbol | Weight |
|---|---|---|
| RECV LCH INTEREST RATE SW Receive | n/a | 33.53% |
| RECV LCH INTEREST RATE SW Receive | n/a | 33.53% |
| RECV LCH INTEREST RATE SW Receive | n/a | 33.53% |
| Future on 2 Year Treasury Note | n/a | 18.28% |
| Payout At Expiry If Usd-Sofr Iceswap>=5.2 And Difference Of Us 10-Year Swap | n/a | 16.12% |
| Payout At Expiry If Usd-Sofr Iceswap>=6.0 And Difference Of Us 10-Year Swap | n/a | 16.12% |
| 5 Year Interest Rate Swap Receive | n/a | 4.18% |
| United States Treasury Notes | TII.1.625 10.15.29 | 4.04% |
| United States Treasury Notes | TII.1.875 07.15.34 | 4.01% |
| United States Treasury Notes | TII.1.75 01.15.34 | 3.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.2291 | Dec 27, 2024 |
| Dec 27, 2023 | $0.2476 | Dec 27, 2023 |
| Dec 28, 2022 | $0.458 | Dec 28, 2022 |
| Dec 29, 2021 | $0.3607 | Dec 29, 2021 |
| Dec 20, 2021 | $0.2924 | Dec 20, 2021 |
| Dec 29, 2020 | $0.0351 | Dec 29, 2020 |