Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. The Fund seeks long-term growth of capital.
Strategy. The Fund invests primarily in foreign equity securities. The Fund has no limitation on the percentage of assets that are invested in any one country or denominated in any one currency, but the Fund typically invests in foreign securities of at least 20 countries. Primary consideration is given to securities of issuers of developed areas (for example, Japan, Western Europe, Canada, Australia, Hong Kong, and Singapore); however, the Fund also invests in emerging market securities. The Fund invests in equity securities regardless of market capitalization size (small, medium, or large) and style (growth or value). The Fund invests primarily in foreign equity securities. The Fund has no limitation on the percentage of assets that are invested in any one country or denominated in any one currency, but the Fund typically invests in foreign securities of at least 20 countries. Primary consideration is given to securities of issuers of developed areas (for example, Japan, Western Europe, Canada, Australia, Hong Kong, and Singapore); however, the Fund also invests in emerging market securities. The Fund invests in equity securities regardless of market capitalization size (small, medium, or large) and style (growth or value).
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $66.44M | 5.12% |
| ASML Holding NV | — | $46.50M | 3.58% |
| SAMSUNG ELECTRONICS CO LTD | — | $44.26M | 3.41% |
| TENCENT HOLDINGS LTD | — | $38.41M | 2.96% |
| AIA Group Ltd | — | $36.76M | 2.83% |
| ASTRAZENECA PLC | — | $33.24M | 2.56% |
| DEUTSCHE TELEKOM | — | $33.23M | 2.56% |
| Suncor Energy Inc | — | $28.11M | 2.17% |
| CRH PLC | — | $23.88M | 1.84% |
| Teck Resources Ltd | — | $23.81M | 1.84% |
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. |
|---|---|---|
| Diversified International Account | 86% | 0.85% |
| International Equity Fund · PRPPX, PTPPX, PINIX, PIIDX | 62% | 0.62% |
| Principal International Equity ETF · PIEQ | 41% | 0.48% |
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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