Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. The Fund seeks long-term growth of capital.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of value companies with medium market capitalizations (MidCap). For this Fund, value companies with medium market capitalizations are (i) those with market capitalizations within the range of companies comprising the Russell MidCap Index (as of January 30, 2026, this range was between approximately $1.2 billion and $88.7 billion), and (ii) included within at least one of the following value indices: the MSCI All Country World IMI Value Index, the S&P 1500 Value Index, or the Russell 3000 Value Index. The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of value companies with medium market capitalizations (MidCap). For this Fund, value companies with medium market capitalizations are (i) those with market capitalizations within the range of companies comprising the Russell MidCap Index (as of January 30, 2026, this range was between approximately $1.2 billion and $88.7 billion), and (ii) included within at least one of the following value indices: the MSCI All Country World IMI Value Index, the S&P 1500 Value Index, or the Russell 3000 Value Index. The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The Fund is primarily actively managed by the sub-advisors. In addition, Principal Global Investors, LLC may invest up to 30% of the Funds assets using an index sampling strategy designed to match the performance of the Russell MidCap Value Index.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Principal Government Money Market Fund - Class R-6 | — | $56.80M | 2.41% |
| RAYMOND JAMES FINANCIAL INC. | — | $40.15M | 1.70% |
| KEYSIGHT TECHNOLOGIES INC | — | $37.76M | 1.60% |
| ALLIANT ENERGY CORPORATION | — | $37.35M | 1.58% |
| LABCORP HOLDINGS INC | — | $37.05M | 1.57% |
| PACKAGING CORP OF AMERICA | — | $35.82M | 1.52% |
| HARTFORD INSURANCE GROUP INC/THE | — | $32.87M | 1.39% |
| US FOODS HOLDING CORP | — | $32.05M | 1.36% |
| LINCOLN ELECTRIC HLDGS INC | — | $31.65M | 1.34% |
| MICROCHIP TECHNOLOGY | — | $29.96M | 1.27% |
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. |
|---|---|---|
| VOYA MULTI-MANAGER MID CAP VALUE FUND · IMCVX | 69% | 0.07% |
| Voya VACS Series MCV Fund · VVJEX | 69% | 0.15% |
| Victory Sycamore Established Value Fund · VETAX, GETGX, VEVIX, VEVYX, VEVRX, VEVCX | 64% | 0.54% |
Advisers
| Firm | Role |
|---|---|
| Victory Capital Management Inc. | Sub-adviser |
| Los Angeles Capital Management LLC | Sub-adviser |
| 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).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.