PIPJX

About PIPJX

The Principal Inflation Protection Fund Class J is a mutual fund designed to deliver current income and real, inflation-adjusted total returns by investing primarily in inflation-protected debt securities. It focuses on bonds whose principal values are linked to inflation indexes, such as Treasury Inflation-Protected Securities (TIPS) issued by the U.S. government, but may also include similar instruments from non-U.S. governments and corporations. This approach helps shield investors’ purchasing power from the eroding effects of inflation, making the fund particularly relevant for those seeking stable income in a fluctuating economic environment. The fund maintains an average portfolio duration within 20% of the Bloomberg U.S. Treasury TIPS Index’s duration, ensuring sensitivity to changes in interest rates similar to its key benchmark. Managed with both strategic and active asset allocation, the Principal Inflation Protection Fund Class J serves as a core holding for investors looking to incorporate diversification and inflation protection within their fixed income allocation, while retaining flexibility to respond to shifts in the interest rate and inflation outlooks.