Investment objective & strategy
As of Dec. 23, 2025 · prospectusObjective. The Fund seeks to provide current income and long-term growth of income and capital.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities of companies with small-to-medium market capitalizations (Small-MidCap). For this Fund, companies with small-to-medium market capitalizations (Small-MidCap) are those with market capitalizations similar to companies in the Russell 2500 Index (as of November 30, 2025, this was between approximately $9.7 million and $39.4 billion). The Fund defines dividend-paying equity securities as securities that produced dividend income within the last rolling 12 months. The Fund invests in value equity securities, which emphasizes buying equity securities that appear to be undervalued. The Fund invests in growth equity securities, which emphasizes buying equity securities of companies whose potential for growth of … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities of companies with small-to-medium market capitalizations (Small-MidCap). For this Fund, companies with small-to-medium market capitalizations (Small-MidCap) are those with market capitalizations similar to companies in the Russell 2500 Index (as of November 30, 2025, this was between approximately $9.7 million and $39.4 billion). The Fund defines dividend-paying equity securities as securities that produced dividend income within the last rolling 12 months. The Fund invests in value equity securities, which emphasizes buying equity securities that appear to be undervalued. The Fund invests in growth equity securities, which emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average. The Funds investments include the securities of foreign issuers and real estate investment trusts.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MKS INSTRUMENTS INC | — | $55.21M | 3.19% |
| EAST WEST BNCRP | — | $42.49M | 2.46% |
| STERIS PLC | — | $39.97M | 2.31% |
| AMKOR TECHNOLOGY INC | — | $39.56M | 2.29% |
| PACKAGING CORP OF AMERICA | — | $39.31M | 2.27% |
| QUEST DIAGNOSTICS INC | — | $39.26M | 2.27% |
| WINTRUST FINL | — | $38.23M | 2.21% |
| NVENT ELECTRIC | — | $36.70M | 2.12% |
| Principal Government Money Market Fund - Class R-6 | — | $35.69M | 2.06% |
| LEIDOS HOLDINGS INC | — | $34.92M | 2.02% |
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. |
|---|---|---|
| Edge MidCap Fund · PEDGX, PEDMX, PEMCX | 29% | 0.67% |
| Lord Abbett Value Opportunities Fund · LVOAX, LVOCX, LVOPX, LVOYX, LVOFX, LVOQX, LVORX, LVOSX, LVOTX, LVOVX, LVOOX | 19% | 0.84% |
| Nuveen Mid Cap Value Fund · TIMVX, TCMVX, TRVRX, TRVPX, TRVHX | 19% | 0.46% |
Advisers
| Firm | Role |
|---|---|
| Principal Global Investors, LLC | Adviser |
Footnotes
- Expense ratio as of December 23, 2025, 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 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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