Principal Inflation Protection Fund (PIPIX)
The fund invests primarily in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities, and U.S. and non-U.S. corporations. It normally maintains an average portfolio duration that is within from 80% to 120% of the duration of the Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index. The fund is not managed to a particular maturity.
Fund Info
US74254T8154
74254T815
Dec 28, 2004
$0
Expense Ratio
PIPIX has an expense ratio of 0.39%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Principal Inflation Protection Fund (PIPIX) returned 3.19% year-to-date (YTD) and 5.58% over the past 12 months. Over the past 10 years, PIPIX returned 2.12% annually, underperforming the S&P 500 benchmark at 10.85%.
PIPIX
3.19%
-0.77%
1.71%
5.58%
0.37%
1.36%
2.12%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PIPIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.20% | 2.10% | 0.64% | 0.00% | -0.77% | 3.19% | |||||||
| 2024 | 0.39% | -1.04% | 0.66% | -1.57% | 1.72% | 0.65% | 1.81% | 0.76% | 1.39% | -1.87% | 0.51% | -1.68% | 1.65% |
| 2023 | 2.09% | -1.41% | 2.98% | -0.00% | -1.13% | -0.38% | -0.00% | -0.89% | -2.06% | -0.79% | 2.78% | 2.44% | 3.50% |
| 2022 | -2.16% | 0.88% | -1.64% | -2.44% | -0.80% | -3.21% | 4.27% | -2.61% | -6.65% | 1.13% | 1.98% | -1.11% | -12.09% |
| 2021 | 0.32% | -2.21% | 0.22% | 1.51% | 1.06% | 0.73% | 2.29% | -0.10% | -0.61% | 0.72% | 1.02% | 0.37% | 5.35% |
| 2020 | 1.97% | 0.91% | -2.33% | 3.11% | 0.33% | 1.23% | 2.42% | 1.07% | -0.15% | -0.64% | 1.19% | 1.13% | 10.59% |
| 2019 | 1.47% | 0.00% | 1.69% | 0.36% | 1.54% | 0.62% | 0.35% | 2.09% | -1.46% | 0.47% | 0.23% | 0.46% | 8.06% |
| 2018 | -0.70% | -0.94% | 0.95% | 0.12% | 0.24% | 0.47% | -0.47% | 0.71% | -1.17% | -1.54% | 0.36% | 0.42% | -1.58% |
| 2017 | 0.83% | 0.35% | 0.12% | 0.59% | 0.00% | -1.04% | 0.47% | 0.70% | -0.46% | 0.35% | 0.12% | 0.99% | 3.02% |
| 2016 | 1.10% | 0.96% | 1.55% | 0.35% | -0.70% | 2.01% | 0.93% | -0.34% | 0.46% | -0.23% | -1.95% | -0.30% | 3.83% |
| 2015 | 3.07% | -1.03% | -0.46% | 0.58% | -0.93% | -1.05% | -0.00% | -0.83% | -0.95% | 0.36% | -0.12% | -0.74% | -2.15% |
| 2014 | 1.93% | 0.47% | -0.47% | 1.18% | 2.22% | 0.23% | 0.23% | 0.23% | -2.49% | 0.70% | 0.12% | -1.08% | 3.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PIPIX is 70, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Principal Inflation Protection Fund (PIPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Principal Inflation Protection Fund provided a 3.31% dividend yield over the last twelve months, with an annual payout of $0.26 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.26 | $0.28 | $0.49 | $0.68 | $0.10 | $0.16 | $0.24 | $0.17 | $0.07 | $0.07 | $0.12 |
Dividend yield | 3.31% | 3.41% | 3.64% | 6.36% | 7.34% | 1.10% | 1.79% | 2.99% | 2.04% | 0.88% | 0.83% | 1.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Principal Inflation Protection Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2020 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.10 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.16 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2014 | $0.12 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Principal Inflation Protection Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Principal Inflation Protection Fund was 25.65%, occurring on Nov 24, 2008. Recovery took 681 trading sessions.
The current Principal Inflation Protection Fund drawdown is 4.88%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.65% | Feb 1, 2008 | 206 | Nov 24, 2008 | 681 | Aug 9, 2011 | 887 |
| -14.33% | Nov 15, 2021 | 473 | Oct 3, 2023 | — | — | — |
| -10.63% | Dec 11, 2012 | 185 | Sep 5, 2013 | 1432 | May 15, 2019 | 1617 |
| -9.93% | Mar 10, 2020 | 7 | Mar 18, 2020 | 58 | Jun 10, 2020 | 65 |
| -5.24% | Nov 27, 2007 | 21 | Dec 26, 2007 | 13 | Jan 15, 2008 | 34 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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