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.
Fund Family Principal Funds
Category Allocation--15% to 30% Equity
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol SAUPX
Share Class Class A
Index Bloomberg U.S. Aggregate Bond TR
SAUPX had a total return of 3.05% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.78%.
