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. The Fund defines equity securities to include common stock, preferred stock, and exchange-traded funds (ETFs) and mutual funds that invest primarily 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 … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The Fund defines equity securities to include common stock, preferred stock, and exchange-traded funds (ETFs) and mutual funds that invest primarily 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 Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SAMSUNG ELECTRONICS CO LTD | — | $351.14M | 4.98% |
| ASML Holding NV | — | $310.29M | 4.40% |
| DEUTSCHE TELEKOM | — | $259.07M | 3.67% |
| AIA Group Ltd | — | $252.09M | 3.57% |
| Teck Resources Ltd | — | $250.52M | 3.55% |
| AIB GROUP PLC | — | $248.27M | 3.52% |
| TENCENT HOLDINGS LTD | — | $239.86M | 3.40% |
| Suncor Energy Inc | — | $239.37M | 3.39% |
| Yum China Holdings Inc | — | $238.26M | 3.38% |
| ERSTE GROUP BANK | — | $236.58M | 3.35% |
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 International Equity ETF · PIEQ | 63% | 0.48% |
| Diversified International Fund · PINRX, PINPX, PIIIX, PIIJX, PRWLX, PDIFX | 62% | 0.76% |
| Diversified International Account | 59% | 0.85% |
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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