Principal Strategic Asset Management Flexible Income Fund Class A (SAUPX)
| Fund Assets | 2.24B |
| Expense Ratio | 1.01% |
| Min. Investment | $1,000 |
| Turnover | 19.80% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 3.35% |
| Dividend Growth | 32.69% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 13.44 |
| YTD Return | 2.22% |
| 1-Year Return | 10.54% |
| 5-Year Return | 17.28% |
| 52-Week Low | 11.79 |
| 52-Week High | 13.48 |
| Beta (5Y) | n/a |
| Holdings | 35 |
| Inception Date | Jul 24, 1996 |
About SAUPX
The Principal Strategic Asset Management Flexible Income Fund Class A is an allocation mutual fund designed to deliver a high level of total return, combining income generation with some potential for capital appreciation. Its primary strategy is to create a balanced portfolio by investing predominantly in a mix of fixed-income and equity securities, specifically targeting an allocation of 15% to 30% in equities with the majority in bonds, providing diversification across asset classes. The fund aims to reinvest income and offers monthly dividend payouts, which distinguishes it among income-focused funds. Managed by an experienced team at Principal Investors, the fund leverages a broadly diversified blend, referencing a custom index comprising the Bloomberg U.S. Aggregate Bond Index, Russell 3000 Index, and MSCI EAFE Index. With a history dating back to its inception in 1996, the fund plays a significant role for investors seeking a flexible, actively managed solution to meet income needs while maintaining exposure to growth through equities within risk-managed parameters. Its asset base and regular distribution schedule highlight its importance in the multi-asset allocation segment of the mutual fund market.
Performance
SAUPX had a total return of 10.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.20%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FTIWX | Fidelity | Fidelity Advisor Asset Manager 20% - Class I | 0.51% |
| FTTNX | Fidelity | Fidelity Advisor Asset Manager 30% - Class M | 1.02% |
| FCANX | Fidelity | Fidelity Advisor Asset Manager 30% - Class C | 1.54% |
| FTAWX | Fidelity | Fidelity Advisor Asset Manager 20% - Class A | 0.77% |
| FIKWX | Fidelity | Fidelity Advisor Asset Manager 30% - Class Z | 0.48% |
Top 10 Holdings
78.21% of assets| Name | Symbol | Weight |
|---|---|---|
| Principal Core Fixed Income Fund Class R-6 | PICNX | 29.67% |
| Principal Finisterre Emerging Markets Total Return Bond Fund Class Institutional | PFUMX | 7.58% |
| Principal Government Money Market R-6 | PGWXX | 6.67% |
| Principal Bond Market Index Institutional Class | PNIIX | 6.48% |
| Principal U.S. Mega-Cap ETF | USMC | 5.86% |
| Principal Inflation Protection Fund Institutional Class | PIPIX | 5.10% |
| Principal Short-Term Income Fund Institutional Class | PSHIX | 4.63% |
| Principal Government & High Quality Bond Fund Institutional Class | PMRIX | 4.45% |
| Principal High Yield Fund Class R-6 | PHYFX | 4.16% |
| Principal Equity Income Fund Institutional Class | PEIIX | 3.61% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0236 | Jan 30, 2026 |
| Dec 31, 2025 | $0.1309 | Dec 31, 2025 |
| Dec 18, 2025 | $0.0942 | Dec 18, 2025 |
| Nov 26, 2025 | $0.0227 | Nov 26, 2025 |
| Oct 31, 2025 | $0.0214 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0209 | Sep 30, 2025 |