SAM Balanced Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, SAM Balanced Portfolio held 29 positions with $4.85B in net assets. Its ten largest holdings made up 68.6% of the fund. The SABPX share class costs 1.05% a year. Over the 12 months to May 2026, SABPX returned 18.5%, with dividends reinvested. In 2026 Q3 it added 3 new positions and exited 3.
The Fund seeks to provide as high a level of total return (consisting of reinvested income and capital appreciation) as is consistent with reasonable risk.
The fund operates as a fund of funds, investing in a diversified portfolio of Principal mutual funds and exchange-traded funds categorized as fixed-income, equity, or specialty funds. The manager allocates assets across these Underlying Funds within predetermined ranges—typically 20% to 60% in fixed-income funds, 40% to 80% in equity funds, and less than 20% in specialty funds—based on its outlook for economic and market conditions. Because the fund's returns depend on the performance of the Underlying Funds selected and held, performance will reflect the results of those funds' managers and strategies.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
PICNXCore Fixed Income Fund | 11.56% | $560.19M | 65.0M | $8.62 |
Principal U.S. Mega-Cap ETF | 11.00% | $532.95M | 7.6M | $70.40 |
PWCIXPrincipal Capital Appreciation Fund | 8.60% | $416.86M | 4.6M | $90.64 |
Equity Income Fund | 7.39% | $358.12M | 8.0M | $44.59 |
Principal International Equity ETF | 6.11% | $296.03M | 8.5M | $34.97 |
PIIMXGlobal Emerging Markets Fund | 5.99% | $290.27M | 7.3M | $39.52 |
PINZXOverseas Fund | 5.04% | $244.07M | 19.3M | $12.65 |
PLFIXLargeCap S&P 500 Index Fund | 4.47% | $216.58M | 6.3M | $34.20 |
PNIIXBond Market Index Fund | 4.38% | $212.16M | 24.8M | $8.55 |
Principal U.S. Small-Cap ETF | 4.09% | $198.16M | 3.1M | $63.32 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 29 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 67.34% |
| Bonds | 21.39% |
| Securitized | 6.09% |
| Cash & short-term | 4.78% |
| 2 smaller | 0.18% |
| Derivatives | -0.05% |
Look-through blends 27 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
How it has done
SABPX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.38%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 8 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.05% | +18.54% | +51.15% | +38.22% | -7.09% | |
| 1.82% | +17.68% | +47.71% | +33.11% | -7.28% | |
| 0.75% | +18.94% | +52.55% | +40.42% | -7.04% | |
| 1.31% | +18.26% | +50.04% | +36.54% | -7.21% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| 1.00% | +18.65% | +51.47% | +38.72% | -7.04% | |
| 0.91% | +18.75% | +51.90% | +39.41% | -7.05% |
Fees & fund details
SAM Balanced Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.75% – 1.82%· SABPX 1.05%
- Portfolio turnover
- 44.70% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
3 new
3 exited· the largest 2
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — SABPX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”