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Investment Type: pifretail

Inflation Protection Fund (A) (PITAX)

Class A | Class J | Class I

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 07/31/2020
1 Month3 MonthYTD1 Year3 Year5 Year10 YearSince     
Excluding Sales Charge % 2.25 3.77 7.35 9.01 4.70 3.13 2.84 1.78
Including Sales Charge % -1.62 -0.11 3.33 4.90 3.37 2.34 2.45 1.53
Bloomberg Barclays US Treas TIPS Index % --- --- --- --- --- --- --- ---
Inflation-Protected Bond Category % --- --- --- --- --- --- --- ---
Morningstar Percentile Rankings** --- --- --- --- --- --- --- ---
# of Funds in Category --- --- --- --- --- --- --- ---
**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.

Calendar Year Total Returns
Excluding Sales Charge % 7.54 -2.10 2.42 3.37 -2.52
Including Sales Charge % 3.52 -5.80 -1.47 -0.54 -6.19
Bloomberg Barclays US Treas TIPS Index % 8.43 -1.26 3.01 4.68 -1.44
Inflation-Protected Bond Category % + 7.92 -1.64 2.72 4.59 -2.36
Morningstar Percentile Rankings**,+ 58 75 57 79 69
Morningstar Fixed Income Stylebox Morningstar Stylebox Morningstar Stylebox Morningstar Stylebox Morningstar Stylebox Morningstar Stylebox
# of Funds in Category+ 221 228 231 235 228
+ Data displayed is the most current information available.
**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 07/31/2020
Total Investment Expense - Gross: 1.18%
Total Investment Expense - Net: 0.90%
Contractual Cap Date: 02/28/2021
Maximum Up-front Sales Charge: 3.75%
Contingent Deferred Sales Charge: 1.00%
12b-1 Fee: 0.25%

Distribution History

   What's this?
$ Per Share
03/18/2020 Income 0.0023
12/27/2019 Income 0.0286
09/18/2019 Income 0.0609
06/19/2019 Income 0.0312
12/27/2018 Income 0.2331
Income dividends are paid quarterly.

Daily Unit Value/Share Price Chart

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2020 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 Inflation Protection Fund (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

Bloomberg Barclays US Treas TIPS Index consists of inflation-protected securities issued by the U.S. Treasury.

These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class.

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.

Effective November 30, 2018, class C shares will be closed to new investors. Effective January 11, 2019, class C shares will be converted to the respective class A shares.