Principal Private Credit Fund I LLC (PPAIX)
| Fund Assets | n/a |
| Expense Ratio | 3.70% |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.73 |
| Dividend Yield | 7.17% |
| Dividend Growth | 2.23% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 10.21 |
| YTD Return | 3.13% |
| 1-Year Return | 6.62% |
| 5-Year Return | n/a |
| 52-Week Low | 10.20 |
| 52-Week High | 10.45 |
| Beta (5Y) | n/a |
| Holdings | n/a |
| Inception Date | n/a |
About PPAIX
Principal Private Credit Fund – Institutional Class is a closed-end interval fund designed to provide investors with access to private credit markets. The fund primarily seeks to maximize total return through a combination of current income and capital appreciation. It invests at least 80% of its net assets, along with any borrowings, in private credit investments, which include loans, bonds, and other credit instruments issued in private offerings or by private companies. The portfolio may also hold related equity securities, such as warrants or preferred shares, that are included alongside debt instruments to enhance their appeal. Managed by the Principal Asset Management’s alternative credit team, the fund focuses on lower and core middle market direct lending, offering exposure to senior secured first lien loans with reasonable leverage and financial covenants. As an interval fund, it conducts quarterly repurchase offers of a minimum of 5% of outstanding shares at net asset value, providing limited liquidity while granting access to private credit opportunities. Principal Private Credit Fund – Institutional Class serves investors seeking diversified income and potential for capital growth within the expanding private credit sector, with professional management leveraging decades of expertise in direct lending and alternative credit markets.
Performance
PPAIX had a total return of 6.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.82%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 29, 2026 | $0.1882 | Jul 17, 2026 |
| Mar 30, 2026 | $0.169 | Apr 17, 2026 |
| Dec 30, 2025 | $0.1803 | Jan 14, 2026 |
| Sep 29, 2025 | $0.1945 | Oct 13, 2025 |
| Jun 27, 2025 | $0.1903 | Jul 14, 2025 |
| Mar 28, 2025 | $0.1821 | Apr 11, 2025 |