PSAJX

About PSAJX

Principal Strategic Asset Management Balanced Portfolio Class J is a mutual fund designed to seek a high level of total return by balancing income and capital appreciation with reasonable risk. Structured as a fund of funds, it allocates its assets across both equity and fixed-income investments, typically maintaining between 20% and 60% in fixed-income funds and 40% to 80% in equity funds, with strict caps on exposure to any single fund category. This moderate allocation approach aims to diversify risk while offering exposure to major market sectors, including U.S. and international equities as well as core bond markets. The fund serves investors seeking a diversified portfolio with a blend of growth and income and is managed by Principal Global Investors with input from various sub-advisers. Its performance is benchmarked against a blended index composed of U.S. and international equity as well as U.S. aggregate bond indices, reflecting its comprehensive asset allocation strategy. The fund is suitable for retirement and medium-term investors looking for balanced exposure to stocks and bonds within a single, professionally managed portfolio.