Principal Private Credit Fund I LLC (PPAYX)
| Fund Assets | n/a |
| Expense Ratio | n/a |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | 0.73 |
| Dividend Yield | 7.15% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 30, 2026 |
| Previous Close | 10.27 |
| YTD Return | 1.45% |
| 1-Year Return | 7.65% |
| 5-Year Return | n/a |
| 52-Week Low | 10.19 |
| 52-Week High | 10.48 |
| Beta (5Y) | n/a |
| Holdings | n/a |
| Inception Date | n/a |
About PPAYX
Principal Private Credit Fund I Shares is a closed-end interval fund focused on private credit investments, managed by Principal Asset Management. Its primary objective is to maximize total return, primarily through current income and capital appreciation. The fund invests at least 80% of its net assets in a diversified portfolio of private credit instruments such as direct lending loans, syndicated loans, high yield bonds, and related equity securities, with an emphasis on first lien, senior secured loans. This approach offers exposure to lower and core middle market companies, targeting sectors including commercial services, healthcare, technology, and diversified financials. The fund aims to reduce volatility and mitigate downside risks by prioritizing companies with stable cash flows and low cyclicality. Structured as an interval fund, Principal Private Credit Fund I provides quarterly liquidity via repurchase offers, making it distinct from typical open-end mutual funds. By offering access to private credit markets, it serves investors seeking income diversification and resilience in varying market conditions, leveraging the experience of Principal’s seasoned alternative credit team.
Performance
PPAYX had a total return of 7.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.43%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Dec 30, 2024 | $0.1629 | Jan 13, 2025 |