LargeCap Value Fund III
Actively managed U.S. stock fund
As of its 2026 Q2 report, LargeCap Value Fund III held 881 positions with $2.26B in net assets. Its ten largest holdings made up 28.5% of the fund. The PPSFX share class costs 1.24% a year. Over the 12 months to May 2026, PPSFX returned 20.4%, with dividends reinvested. In 2026 Q3 it added 34 new positions and exited 623.
The Fund seeks long-term growth of capital.
The fund is primarily actively managed by sub-advisors. Principal Global Investors may also invest up to 30% of assets using an index sampling strategy to match the Russell Top 200 Value Index. Because the index sampling approach is designed to track rather than fully replicate the index, performance may diverge from the Russell Top 200 Value Index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Invesco Exchange-Traded Fund Trust - Invesco S&P 500 Pure Value ETF | 8.07% | $182.12M | 1.6M | $111.24 |
3.09% | $69.71M | 181.1K | $384.80 | |
Principal Funds, Inc - Government Money Market Fund - Class R-6 | 2.84% | $64.16M | — | — |
2.39% | $53.98M | 349.8K | $154.33 | |
2.33% | $52.62M | 111.1K | $473.60 | |
ETREntergy Corp | 2.04% | $45.95M | 389.7K | $117.91 |
1.98% | $44.74M | 409.8K | $109.18 | |
1.98% | $44.67M | 835.5K | $53.46 | |
Carnival Corp | 1.88% | $42.45M | 1.6M | $26.51 |
1.88% | $42.33M | 455.6K | $92.91 |
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.
The 200 largest of 881 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.13% |
| Cash & short-term | 3.50% |
| Derivatives | 0.01% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Information Technology
- 18.6%
- Financials
- 18.4%
- Health Care
- 12.2%
- Consumer Discretionary
- 10.0%
- 10 other sectors
- 40.7%
- Information Technology
- 18.6%
- Financials
- 18.4%
- Health Care
- 12.2%
- Consumer Discretionary
- 10.0%
- Industrials
- 9.7%
- Energy
- 6.8%
- Consumer Staples
- 5.4%
- Utilities
- 4.8%
- Materials
- 3.6%
- Communication Services
- 3.3%
- Real Estate
- 2.5%
- International
- 2.2%
- Cash
- 1.8%
- Other
- 0.4%
How it has done
PPSFX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.93%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| 1.24% | +20.44% | +53.63% | +48.42% | -9.51% | |
| 0.93% | +20.77% | +55.01% | +50.70% | -9.36% | |
| — | — | — | — | — | |
| 0.68% | +21.07% | +56.16% | +52.64% | -9.24% | |
| 0.92% | +20.84% | +55.18% | +50.76% | -9.39% |
Fees & fund details
LargeCap Value Fund III is an actively managed U.S. equity fund. 10% of PPSFX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.68% – 1.24%· PPSFX 1.24%
- Portfolio turnover
- 60.50% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
34 new· the largest 8
623 exited· the largest 8
Understand how this fund fits with the rest.
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