Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. The Fund seeks to provide long-term capital appreciation.
Strategy. The SAM Portfolios operate as funds of funds and invest principally in funds and exchange-traded funds (ETFs) of Principal Funds, Inc. 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 0% and 40% … The SAM Portfolios operate as funds of funds and invest principally in funds and exchange-traded funds (ETFs) of Principal Funds, Inc. 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 0% and 40% of its assets in fixed-income funds, and less than 30% in any one fixed-income fund; such funds generally invest in fixed-income instruments such as corporate bonds; between 60% and 100% of its assets in equity funds, and less than 40% in any one equity fund; such funds generally invest in equity securities of domestic and foreign companies (including in emerging markets), 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.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Principal U.S. Mega-Cap ETF | — | $481.10M | 14.02% |
| Principal Capital Appreciation Fund | PWCIX | $393.42M | 11.46% |
| Equity Income Fund | PEIIX | $258.91M | 7.54% |
| Principal International Equity ETF | — | $255.81M | 7.45% |
| Global Emerging Markets Fund | PIIMX | $254.14M | 7.41% |
| Overseas Fund | PINZX | $252.81M | 7.37% |
| International Equity Index Fund | PFIEX | $235.82M | 6.87% |
| LargeCap Value Fund III | PLVIX | $187.46M | 5.46% |
| Core Fixed Income Fund | PICNX | $184.80M | 5.39% |
| Principal U.S. Small-Cap ETF | — | $165.13M | 4.81% |
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. |
|---|---|---|
| SAM Strategic Growth Portfolio · SACAX, SWHCX, PSWIX, PSGPX, PSGFX, PSWJX | 86% | 0.82% |
| SAM Conservative Growth Portfolio | 85% | 0.73% |
| SAM Balanced Portfolio · SABPX, SCBPX, PSBIX, PBAPX, PSBFX, PSAJX | 82% | 0.75% |
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. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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