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 that are tied economically to countries outside the U.S. The Fund considers a security to be tied economically to countries outside the U.S. (a foreign security) if one or more of the following criteria is present: (i) the issuer or guarantor of the security has its principal place of business or principal office outside the U.S.; (ii) the principal trading market for the security is a trading market outside the U.S.; (iii) the issuer or guarantor of the security derives a majority of its revenue from outside the U.S.; or (iv) the currency of settlement of the security … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities that are tied economically to countries outside the U.S. The Fund considers a security to be tied economically to countries outside the U.S. (a foreign security) if one or more of the following criteria is present: (i) the issuer or guarantor of the security has its principal place of business or principal office outside the U.S.; (ii) the principal trading market for the security is a trading market outside the U.S.; (iii) the issuer or guarantor of the security derives a majority of its revenue from outside the U.S.; or (iv) the currency of settlement of the security is the currency of a country outside of the U.S. The Fund invests in emerging market securities. The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The Fund invests in equity securities of small, medium, and large market capitalization companies. 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 MSCI EAFE Value Index.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BNP PARIBAS | — | $41.67M | 2.30% |
| BARCLAYS PLC | — | $37.71M | 2.08% |
| KERING | — | $33.09M | 1.83% |
| INFINEON TECH | — | $32.54M | 1.80% |
| ALSTOM | — | $32.18M | 1.78% |
| RENESAS ELECTRON | — | $32.06M | 1.77% |
| ASTRAZENECA PLC | — | $29.30M | 1.62% |
| CAPGEMINI SE | — | $28.34M | 1.56% |
| ROCHE HOLDINGS AG (GENUSSCHEINE) | — | $27.59M | 1.52% |
| STANDARD CHARTER | — | $24.66M | 1.36% |
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. |
|---|---|---|
| JNL/Causeway International Value Select Fund | 45% | 0.67% |
| CAUSEWAY INTERNATIONAL VALUE FUND · CIVVX, CIVIX | 45% | 0.85% |
| Multi-Manager International Equity Strategies Fund · CMIEX | 44% | 0.83% |
Advisers
| Firm | Role |
|---|---|
| Barrow, Hanley, Mewhinney & Strauss, LLC | Sub-adviser |
| CAUSEWAY 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).
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