Investment objective & strategy
As of Dec. 23, 2025 · 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 companies with large market capitalizations that, in the opinion of Principal Global Investors, LLC (PGI), the Funds investment advisor, display characteristics of a blue chip company. For this Fund, companies with large market capitalizations are those with market capitalizations similar to companies in the S&P 500 Index (as of November 30, 2025, this was between approximately $5.5 billion and $4.3 trillion). In PGIs view, blue chip companies typically display some or all of the following characteristics: (1) large, well-established, and financially sound companies; and (2) considered market leaders or among the top three companies in their sector. … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with large market capitalizations that, in the opinion of Principal Global Investors, LLC (PGI), the Funds investment advisor, display characteristics of a blue chip company. For this Fund, companies with large market capitalizations are those with market capitalizations similar to companies in the S&P 500 Index (as of November 30, 2025, this was between approximately $5.5 billion and $4.3 trillion). In PGIs view, blue chip companies typically display some or all of the following characteristics: (1) large, well-established, and financially sound companies; and (2) considered market leaders or among the top three companies in their sector. The Fund tends to focus on securities of companies that show potential for growth of capital as well as an expectation for above-average earnings. In selecting securities in which to invest, PGI uses a bottom-up, fundamental process, focusing on a fundamental analysis of individual companies. The Fund also invests in securities of foreign companies. 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 Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICROSOFT CORP | — | $1.24B | 14.61% |
| AMAZON.COM INC | — | $1.02B | 11.97% |
| NVIDIA CORP | — | $751.76M | 8.85% |
| BROOKFIELD CORP CL A | — | $628.31M | 7.40% |
| TRANSDIGM GROUP INC | — | $423.13M | 4.98% |
| MASTERCARD INC CL A | — | $418.93M | 4.93% |
| VISA INC-CLASS A | — | $390.42M | 4.60% |
| META PLATFORMS INC CL A | — | $384.05M | 4.52% |
| BROADCOM INC | — | $363.06M | 4.27% |
| ALPHABET INC CL C | — | $332.12M | 3.91% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| Blue Chip Account | 98% | 0.90% |
| Principal Focused Blue Chip ETF · BCHP | 86% | 0.58% |
| CTIVP - Principal Large Cap Growth Fund | 75% | 0.69% |
Advisers
| Firm | Role |
|---|---|
| Principal Global Investors, LLC | Adviser |
Footnotes
- Expense ratio as of December 27, 2023, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2023, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2023 (the latest prospectus does not yet chart this year).
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