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Investment Type: pifretail

Inflation Protection Fund (J) (PIPJX)






| Class J | Class I

Portfolio Composition

  as of 09/30/2021
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Asset Distribution
Asset TypeNetShortLong
U.S. Bonds 66.28% 79.15%   145.43%  
Cash 28.17% 40.92%   69.09%  
Non-U.S. Bonds 5.53% 1.31%   6.83%  
U.S. Stocks 0.02% 2.5%   2.51%  
Total100%


Top 10 Holdings

  as of 09/30/2021
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% of Net Assets
Future on 5 Year Treasury Note 5.14
United States Treasury Notes 4.15
United States Treasury Notes 4.06
United States Treasury Notes 4.00
United States Treasury Notes 3.87
United States Treasury Notes 3.78
United States Treasury Notes 3.62
United States Treasury Notes 3.45
United States Treasury Notes 3.45
United States Treasury Notes 3.43
Total*: 38.96
*Values may exceed 100% if both long and short positions are included in the portfolio

View Full Portfolio Holdings

Morningstar Style Box™

  as of 09/30/2021
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Investment Style
Stylebox Market Capitalization

Credit Analysis

  as of 09/30/2021
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% Bonds
AAA 99.12
A 0.15
BBB 0.47
BB 0.20
Below B 0.06

Statistics

 
as of 09/30/2021
Average Eff Duration (yrs): 7.43
Average Eff Maturity (yrs): 8.11
Avg Weighted Coupon:
Avg Weighted Price: $113.65
30-Day SEC Yield - Subsidized (Net)
as of 10/31/2021:
-0.21%
30-Day SEC Yield - Non-Subsidized (Gross)
as of 10/31/2021:
-0.23%
Certain components of the fund's current yield are adjusted monthly based on changes in the rate of inflation. This can cause the yield to vary from one month to the next and may not be repeated.

Analysis

  as of 09/30/2021
Turnover Ratio: 80.90%
0
204
236
440





Morningstar
2021 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost.

Portfolio holdings are subject to change and companies referenced in this report may not currently be held. Information is current as of the creation of this piece. Keep in mind that portfolio holdings are subject to risk. Click here for a complete list of the most recent publicly available holdings.

The full name of this investment option is Principal Inflation Protection Fund (J).

Investors should carefully consider a fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principalfunds.com, or calling 800-222-5852. Read the prospectus carefully before investing.

Principal Funds are distributed by Principal Funds Distributor, Inc.

Not FDIC Insured
May Lose Value - Not a Deposit - No Bank Guarantee
Not Insured by any Federal Government Agency

The Bloomberg US Treasury Tips Index measures the performance of rules-based, market value-weighted inflation-protected securities issued by the U.S. Treasury. It is a subset of the Global Inflation-Linked Index (Series-L).

The risks associated with derivative investments include that the underlying security, interest rate, market index, or other financial asset will not move in the direction the Investment Adviser and/or Sub-Advisor anticipated, the possibility that there may be no liquid secondary market, the risk that adverse price movements in an instrument can result in a loss substantially greater than a fund's initial investment, the possibility that the counterparty may fail to perform its obligations; and the inability to close out certain hedged positions to avoid adverse tax consequences.

Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.

Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.