SAM Flexible Income Portfolio
Principal Funds, Inc · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
SAM Flexible Income 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
Fund profile
As filed in the prospectus · 2026 Q1
The Fund seeks to provide a high level of total return (consisting of reinvestment of income with some capital appreciation).
The fund operates as a fund of funds, investing in a diversified portfolio of underlying mutual funds and exchange-traded funds across fixed-income, equity, and specialty strategies. The portfolio manager allocates assets within predetermined ranges—typically 55% to 95% in fixed-income funds, 5% to 45% in equity funds, and up to 20% in specialty funds—based on economic outlook and market valuations, with no single underlying fund exceeding specified concentration limits. Because returns depend on the selection and performance of the underlying funds held, fund performance will diverge from any single index or asset class benchmark. The manager may temporarily exceed stated allocation ranges when deemed appropriate.
| Share class | Expense ratio |
|---|---|
| SAUPX | 1.00% |
| SCUPX | 1.79% |
| PIFIX | 0.73% |
| PFIPX | 1.26% |
| PFIFX | 0.95% |
| PFIJX | 0.85% |
Portfolio turnover 23.90% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 48.03% |
| Stocks | 26.74% |
| Securitized | 14.25% |
| Cash & short-term | 10.57% |
| 2 smaller | 0.24% |
| Derivatives | -0.25% |
Look-through blends 24 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.
Latest quarter
What changed since the fund's previous filing
Exited: MidCap Fund
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +10.41% | +24.95% | +16.28% | 4.92% | -5.39% | |
| +9.47% | +21.96% | +11.80% | 4.93% | -5.64% | |
| +10.67% | +25.96% | +17.86% | 4.89% | -5.43% | |
| +10.12% | +23.95% | +14.83% | 4.97% | -5.49% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| +10.51% | +25.20% | +16.70% | 4.95% | -5.41% | |
| +10.50% | +25.55% | +17.23% | 4.83% | -5.39% |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| PICNX | Core Fixed Income FundPICNX | 29.53% | $8.62 | $640.17M | 74.3M |
| PFUMX | Finisterre Emerging Markets Total Return Bond FundPFUMX | 9.57% | $9.65 | $207.49M | 21.5M |
| — | Principal Funds, Inc - Government Money Market Fund - Class R-6 | 6.75% | — | $146.31M | — |
| PNIIX | Bond Market Index FundPNIIX | 6.13% | $8.55 | $132.95M | 15.6M |
| — | Principal U.S. Mega-Cap ETF | 5.53% | $70.40 | $119.90M | 1.7M |
| PSHIX | Short-Term Income FundPSHIX | 4.43% | $12.10 | $95.97M | 7.9M |
| PIPIX | Inflation Protection FundPIPIX | 4.12% | $7.79 | $89.28M | 11.5M |
| — | Principal International Equity ETF | 3.69% | $34.97 | $79.95M | 2.3M |
| PMRIX | Government & High Quality Bond FundPMRIX | 3.62% | $9.09 | $78.41M | 8.6M |
| — | Equity Income Fund | 3.55% | $44.59 | $76.97M | 1.7M |
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.
Top 10 positions are 76.91% of net assets, top 25 99.97%, across 26 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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