Investment objective & strategy
As of March 16, 2026 · prospectusObjective. The Fund seeks to provide long-term growth of capital.
Strategy. The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Fund's share price than would occur in a more diversified fund. The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Fund's share price than would occur in a more diversified fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $349.96M | 7.24% |
| ALPHABET INC CL A | — | $281.60M | 5.83% |
| APPLE INC | — | $280.39M | 5.80% |
| MICROSOFT CORP | — | $232.20M | 4.81% |
| AMAZON.COM INC | — | $196.25M | 4.06% |
| JPMORGAN CHASE and CO | — | $139.43M | 2.89% |
| BROADCOM INC | — | $138.02M | 2.86% |
| META PLATFORMS INC CL A | — | $111.19M | 2.30% |
| VISA INC-CLASS A | — | $100.55M | 2.08% |
| TJX COS INC | — | $84.34M | 1.75% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Principal Capital Appreciation Account | 89% | 0.63% |
| Principal Capital Appreciation Select ETF · LCAP | 71% | 0.29% |
| American Century Large Cap Equity ETF · ACLC | 54% | 0.39% |
Advisers
| Firm | Role |
|---|---|
| Principal Global Investors, LLC | Adviser |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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