Investment objective & strategy
As of Oct. 27, 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. The Fund invests primarily in foreign equity securities, including emerging market securities, such as China. The Fund typically invests in foreign securities of at least ten countries. The Fund invests in equity securities of small, medium, and large market capitalization companies. The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The Fund also invests in growth equity securities, an investment strategy that emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The Fund invests primarily in foreign equity securities, including emerging market securities, such as China. The Fund typically invests in foreign securities of at least ten countries. The Fund invests in equity securities of small, medium, and large market capitalization companies. The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The Fund also invests in growth equity securities, an investment strategy that emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SAMSUNG ELECTRONICS CO LTD | — | $65.56M | 5.31% |
| SUNCOR ENERGY INC | — | $63.58M | 5.15% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $61.04M | 4.94% |
| ASML Holding NV | — | $57.05M | 4.62% |
| HALEON PLC | — | $52.91M | 4.28% |
| SOMPO HOLDINGS I | — | $46.61M | 3.77% |
| TECK RESOURCES-B | — | $45.42M | 3.68% |
| DEUTSCHE TELEKOM | — | $44.78M | 3.62% |
| AIB GROUP PLC | — | $44.59M | 3.61% |
| ASTRAZENECA PLC | — | $41.50M | 3.36% |
Portfolio moves
Dec 31, 2025 → Mar 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. |
|---|---|---|
| International Equity Fund · PRPPX, PTPPX, PINIX, PIIDX | 63% | 0.62% |
| Diversified International Fund · PINRX, PINPX, PIIIX, PIIJX, PRWLX, PDIFX | 41% | 0.76% |
| Diversified International Account | 41% | 0.85% |
Advisers
| Firm | Role |
|---|---|
| Principal Global Investors, LLC | Adviser |
Footnotes
- Expense ratio as of October 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 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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