SAM Flexible Income Portfolio
Data updated: 2026-08-25
C000038549 — SAM Flexible Income Portfolio. United States Multi-Cap / All-Cap Blend / Core Equity · $111.38M AUM. Holdings, fees, performance and SEC filings.
C000038549 Fund Overview
SAM Flexible Income Portfolio is a US mutual fund managed by Principal Variable Contracts Funds Inc, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Variable Contracts Funds Inc
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $111.38M
- 1-year return: 8.5%
- SEC CIK: 0000012601
- SEC series ID: S000014093
- Share class ID: C000038549
C000038549 Investment Objective and Strategy
SAM Flexible Income Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Variable Contracts Funds Inc.
Investment objective
The Fund seeks to provide a high level of total return (consisting of reinvestment of income with some capital appreciation).
Principal investment strategy
The SAM Portfolios operate as funds of funds and invest principally in funds and exchange-traded funds (ETFs) of Principal Funds, Inc., PVC, and Principal Exchange-Traded Funds (Underlying Funds). Each SAM Portfolio generally categorizes each Underlying Fund as a fixed-income, equity, or specialty fund based on its investment profile. Each SAM Portfolio typically allocates its assets among Underlying Funds, and within predetermined percentage ranges, as determined by the SAM Portfolio in accordance with its outlook for the economy, the financial markets, and the relative market valuations of the Underlying Funds. The asset class diversification of the SAM Portfolio is designed to moderate overall price volatility and cushion severe losses in any one investment sector. The Fund generally invests: between 55% and 95% of its assets in fixed-income funds, and less than 40% in any one fixed-income fund; such funds generally invest in fixed-income instruments such as high yield securities (or junk bonds), securitized products, corporate bonds, and U.S.
government securities; between 5% and 45% of its assets in equity funds, and less than 30% in any one equity fund; such funds generally invest in equity securities of domestic and foreign companies, including small, medium, and large market capitalization companies, and growth and value stock; and less than 20% of its assets in specialty funds, and less than 20% in any one specialty fund; such funds generally offer unique combinations of traditional equity securities and fixed-income securities or use alternative investment strategies that aim to offer diversification beyond traditional equity and fixed-income securities and include investments in such assets as infrastructure, commodities, currencies, and natural resources companies. The Fund may temporarily exceed these percentage ranges and may alter the percentage ranges when it deems appropriate.
C000038549 Holdings
Top 10 holdings of SAM Flexible Income Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Core Fixed Income Fund | 27.03% |
| Finisterre Emerging Markets Total Return Bond Fund | 9.47% |
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | 6.75% |
| Bond Market Index Fund | 6.09% |
| Principal U.S. Mega-Cap ETF | 5.95% |
| Short-Term Income Fund | 5.62% |
| Inflation Protection Fund | 4.90% |
| Equity Income Account | 3.40% |
| Government & High Quality Bond Account | 3.36% |
| High Yield Fund | 2.75% |
C000038549 Portfolio Allocation
Asset-class allocation of SAM Flexible Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 93.0% |
| Cash & Equivalents | 6.7% |
C000038549 Performance
Total returns for C000038549 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.6% |
| 1 year | 8.5% |
| 3 years (annualised) | 8.2% |
| 5 years (annualised) | 3.1% |
C000038549 Risk Information
Risk metrics for C000038549, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.7%
C000038549 Costs and Fees
C000038549 costs about $90 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.90%
- Gross expense ratio: 0.90%
- Portfolio turnover: 28%
- Brokerage commissions: 2.08 bps of average net assets (SEC N-CEN)
C000038549 Cashflows
Over the 12 months to 2026-06, SAM Flexible Income Portfolio had net outflows of $13.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$928.46K |
| 2026-05 | −$3.14M |
| 2026-04 | −$1.06M |
| 2026-03 | −$1.91M |
| 2026-02 | −$721.87K |
| 2026-01 | −$933.71K |
C000038549 Debt Constituents
No individual debt constituents are reported in SAM Flexible Income Portfolio's latest SEC N-PORT filing.
C000038549 Prospectus and SEC Filings
Official SAM Flexible Income Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.