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 value companies with large market capitalizations. For this Fund, value companies with large market capitalizations are those (i) with market capitalizations within the range of companies comprising the Russell 1000 Index (as of January 30, 2026, this range was between approximately $1.2 billion and $4.7 trillion), and (ii) included within at least one of the following value indices: the MSCI All Country World IMI Value Index, the S&P 1500 Value Index, or the Russell 3000 Value Index. The Fund also invests in equity securities of companies with medium market capitalizations and in other investment companies (for example, an exchange-traded fund … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in value companies with large market capitalizations. For this Fund, value companies with large market capitalizations are those (i) with market capitalizations within the range of companies comprising the Russell 1000 Index (as of January 30, 2026, this range was between approximately $1.2 billion and $4.7 trillion), and (ii) included within at least one of the following value indices: the MSCI All Country World IMI Value Index, the S&P 1500 Value Index, or the Russell 3000 Value Index. The Fund also invests in equity securities of companies with medium market capitalizations and in other investment companies (for example, an exchange-traded fund (ETF)). 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 Russell 1000 Value Index.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Invesco S&P 500 Pure Value ETF | — | $101.23M | 4.22% |
| ALPHABET INC CL A | — | $72.37M | 3.02% |
| EXXON MOBIL CORP | — | $60.61M | 2.53% |
| CARNIVAL CORP | — | $59.07M | 2.46% |
| MERCK & CO | — | $55.82M | 2.33% |
| BERKSHIRE HATH-B | — | $55.45M | 2.31% |
| Principal Government Money Market Fund - Class R-6 | — | $54.77M | 2.28% |
| BANK OF AMERICA CORPORATION | — | $53.05M | 2.21% |
| CHEVRON CORP | — | $47.60M | 1.98% |
| ENTERGY CORP | — | $46.24M | 1.93% |
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. |
|---|---|---|
| Touchstone Strategic Trust-Touchstone Value Fund · TVLAX, TVLCX, TVLIX, TVLYX, TVLRX | 62% | 0.63% |
| Barrow Hanley US Value Opportunities Fund · BVOIX | 53% | 0.70% |
| American Beacon Large Cap Value Fund · AADEX, AAGPX, AVASX, ABLYX, ALVAX, ALVCX, AALRX | 44% | 0.64% |
Advisers
| Firm | Role |
|---|---|
| Barrow, Hanley, Mewhinney & Strauss, LLC | Sub-adviser |
| Westwood Management Corp. | 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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