Investment objective & strategy
As of Nov. 19, 2025 · prospectusStrategy. The Fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 (1940 Act), to the approximate extent the Index is non-diversified. The Fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A non-diversified fund can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the share price of a non-diversified fund than would occur in a more diversified fund. The Fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 (1940 Act), to the approximate extent the Index is non-diversified. The Fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. A non-diversified fund can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the share price of a non-diversified fund than would occur in a more diversified fund.
Top holdings
As of Dec. 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $8.69M | 7.28% |
| APPLE INC | — | $7.71M | 6.46% |
| MICROSOFT CORP | — | $6.90M | 5.78% |
| Principal Government Money Market Fund - Class R-6 | — | $5.32M | 4.46% |
| AMAZON.COM INC | — | $4.31M | 3.61% |
| ALPHABET INC CL A | — | $3.49M | 2.93% |
| BROADCOM INC | — | $3.14M | 2.63% |
| ALPHABET INC CL C | — | $2.80M | 2.35% |
| META PLATFORMS INC CL A | — | $2.76M | 2.31% |
| TESLA INC | — | $2.42M | 2.03% |
Portfolio moves
Sep 30, 2025 → Dec 31, 2025How 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. |
|---|---|---|
| LargeCap S&P 500 Index Fund · PLFMX, PLFPX, PLFIX, PSPJX, PLSAX | 95% | 0.10% |
| Nuveen S&P 500 Index Fund · TISPX, TRSPX, TISAX, TISWX | 92% | 0.00% |
| LargeCap S&P 500 Index Account | 92% | 0.20% |
Advisers
| Firm | Role |
|---|---|
| Principal Global Investors, LLC | Adviser |
| Spectrum Asset Management, Inc. | Sub-adviser |
Footnotes
- Net assets and holdings count as of December 31, 2025, from the fund's N-PORT filing.
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