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Investment Type: pifretail

SAM Strategic Growth Portfolio (A) (SACAX)

Class A | Class C | Class J | Class I

Quick Facts

Aggressive Allocation

Investment Strategy

   What's this?
The investment seeks to provide long-term capital appreciation. The Portfolios operate as funds of funds. It generally invests: between 75% and 100% of its assets in equity funds, and less than 50% in any one equity fund; less than 20% of its assets in specialty funds, and less than 20% in any one specialty fund; such funds generally offer unique combinations of traditional equity securities or use alternative investment strategies that aim to offer diversification beyond traditional equity securities and include investments in such assets as infrastructure, commodities, currencies, and natural resources companies.

Morningstar Style Box™

  as of 07/31/2023
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Investment Style
Stylebox Market Capitalization
Investment Style
Stylebox Market Capitalization

Overall Morningstar Star Rating™

  as of 08/31/2023
   What's this?

Out of 185 Aggressive Allocation Funds


Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed, may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.

Where gross and net expense ratios differ, the investment adviser has contractually agreed to limit the investment option's expenses. Differences also may be due to the investment adviser's decision to pay (through the same dates) certain expenses that would normally be payable by the fund.

Month-End | Quarter-End
Average Annual Total Returns as of 08/31/2023
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Excluding Sales Charge % -2.11 7.11 13.82 12.36 7.06 7.09 8.48 7.85
Including Sales Charge % -7.52 1.20 7.58 6.18 5.06 5.89 7.87 7.63
SAM Strategic Growth Blended Index % -2.34 6.85 15.36 14.85 8.23 8.33 9.92 ---
Aggressive Allocation Category % -2.42 6.40 10.77 9.42 6.74 5.66 7.77 ---
Morningstar Percentile Rankings** --- --- --- 18 42 14 31 ---
# of Funds in Category 196 196 195 195 185 174 130 ---
**Morningstar percentile rankings are based on total returns and do not reflect the inclusion of sales charges. If sales charges were reflected, rankings could be lower.


  as of 08/31/2023
Total Investment Expense - Gross: 1.17%
Total Investment Expense - Net: 1.17%
Maximum Up-front Sales Charge: 5.50%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%

Inv Manager or Sub-Advisor

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Principal Global Investors

Portfolio Managers

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Todd A. Jablonski , CFA
Since 01/01/2010
M.B.A. , New York University

Brody Dass , CFA
Since 01/01/2022
B.A./B.S. , University of Iowa

Yesim Tokat-Acikel
Since 01/03/2023
Ph.D. , University of California-Santa Barbara

2023 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.

The full name of this investment option is Principal SAM Strategic Growth Portfolio (A).

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, 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

SAM Strategic Growth Blended Index is composed of 25% MSCI EAFE Index, 70% Russell 3000 Index and 5% Bloomberg US Aggregate Bond Index.

International and global investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards.

Equity investment options involve greater risk, including heightened volatility, than fixed-income investment options. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise.

Asset allocation does not guarantee a profit or protect against a loss. Investing in real estate, small-cap, international, and high-yield investment options involves additional risks.

Asset allocation and diversification do not ensure a profit or protect against a loss. Additionally there is no guarantee this investment option will provide adequate income at or through retirement.

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