International Equity Fund
Principal Funds, Inc · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
International Equity Fund is an actively managed developed international equity fund.
- Asset class
- Equity
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
The Fund seeks long-term growth of capital.
The fund invests at least 80% of its assets in equity securities across at least ten foreign countries, including emerging markets, with exposure to small, medium, and large market capitalization companies. The manager selects securities using a value approach, seeking undervalued equities, while also holding growth stocks with above-average earnings potential. Because security selection depends on the manager's screening for value and growth characteristics, fund holdings and returns may diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| PRPPX | 1.20% |
| PTPPX | 0.89% |
| PINIX | 0.77% |
| PIIDX | 0.62% |
Portfolio turnover 96.30% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.51% |
| Cash & short-term | 0.17% |
Latest quarter
What changed since the fund's previous filing
New: Daimler Truck Holding AG, Tokio Marine Holdings Inc, Komatsu Ltd, Vale SA, BP PLC, Ascendis Pharma A/S
Exited: Airbus SE, CRH PLC, Sanofi SA, Liberty Media Corp-Liberty Formula One - C Shares, Dollarama Inc, Ascendis Pharma A/S, BlackRock Liquidity FedFund - Institutional Class
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +27.76% | +56.22% | +29.87% | 10.62% | -12.67% | |
| +28.05% | +57.60% | +31.86% | 10.61% | -12.64% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| +28.40% | +58.42% | +32.95% | 10.64% | -12.59% | |
| +28.52% | +58.98% | +33.61% | 10.57% | -12.59% |
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Samsung Electronics Co Ltd | 5.67% | $150.59 | $377.09M | 2.5M |
| — | Teck Resources Ltd | 4.33% | $58.38 | $287.97M | 4.9M |
| — | ASML Holding NV | 4.29% | $1,445.55 | $285.25M | 197.3K |
| TSM | Taiwan Semiconductor Manufacturing Co LtdTSM | 4.00% | $396.06 | $266.10M | 671.9K |
| — | Suncor Energy Inc | 3.73% | $68.52 | $248.59M | 3.6M |
| — | Yum China Holdings Inc | 3.33% | $48.93 | $221.37M | 4.5M |
| — | British American Tobacco PLC | 3.32% | $58.89 | $221.03M | 3.8M |
| — | Tencent Holdings Ltd | 3.27% | $60.73 | $217.36M | 3.6M |
| — | AIB Group PLC | 3.23% | $11.53 | $215.20M | 18.7M |
| — | Daimler Truck Holding AG | 3.15% | $50.44 | $209.33M | 4.2M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 38.30% of net assets, top 25 74.56%, across 54 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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