Morningstar

Principal Inflation Protection Fund Institutional Class PIPIX

Medalist Rating as of Sep 30, 2026 See Principal Investment Hub

Strategy

The investment seeks to provide current income and real (after inflation) total returns. The fund invests primarily in inflation-indexed bonds of varying maturities issued by the U.S. government. In managing the fund, Principal Global Investors, LLC (“PGI”), the fund’s investment advisor uses a sampling strategy designed to track the Bloomberg U.S. TIPS Index. The index is composed of investment grade U.S. treasury inflation-protected securities (“TIPS”).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PIPIX	Principal Inflation Protection Fund Institutional Class	Institutional	Open			Dec 29, 2004	$2.20B	0.110%	Low	$0	−$133.97M
PBPPX	Principal Inflation Protection Fund R-5 Class	Retirement, Large	Open			Dec 29, 2004	$3.13M	0.370%	Average	$0	−$90,594.53
PIPJX	Principal Inflation Protection Fund Class J	Retirement, Medium	Open			Dec 29, 2004	$12.95M	0.520%	Above Average	$1,000	$1.27M
PIFPX	Principal Inflation Protection Fund R-3 Class	Retirement, Medium	Open			Dec 29, 2004	$4.86M	0.680%	Low	$0	$497,224.17

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