Principal Capital Appreciation Fund
Principal Funds, Inc · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Principal Capital Appreciation Fund is an actively managed U.S. equity fund. 21% of CMNWX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2026 Q1
The Fund seeks to provide long-term growth of capital.
The fund seeks long-term capital growth and is non-diversified, meaning it may concentrate a higher percentage of assets in individual issuers than a diversified fund would. Because the fund's value depends on a limited number of holdings, changes in any single investment can produce larger swings in share price.
| Share class | Expense ratio |
|---|---|
| CMNWX | 0.73% |
| PWCIX | 0.45% |
| PCAOX | 0.99% |
| PCAQX | 0.68% |
Portfolio turnover 55.80% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.36% |
| Cash & short-term | 2.66% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 31.7% |
| Financials | 11.7% |
| Communication Services | 10.2% |
| Industrials | 10.2% |
| 9 smaller | 36.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
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 |
|---|---|---|---|---|---|
| +26.92% | +74.03% | +81.78% | 12.72% | -9.16% | |
| +27.29% | +75.62% | +84.53% | 12.71% | -9.10% | |
| — | — | — | — | — | |
| +26.62% | +72.77% | +79.60% | 12.72% | -9.22% | |
| — | — | — | — | — | |
| +26.99% | +74.31% | +82.34% | 12.72% | -9.16% |
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 |
|---|---|---|---|---|---|
| NVDA | NVIDIA CorpNVDA | 7.14% | $199.57 | $365.64M | 1.8M |
| GOOGL | Alphabet Inc - A SharesGOOGL | 5.89% | $384.80 | $301.91M | 784.6K |
| AAPL | Apple IncAAPL | 5.54% | $271.35 | $284.04M | 1.0M |
| MSFT | Microsoft CorpMSFT | 4.50% | $407.78 | $230.82M | 566.0K |
| AMZN | Amazon.com IncAMZN | 4.07% | $265.06 | $208.29M | 785.8K |
| AVGO | Broadcom IncAVGO | 3.20% | $417.43 | $164.05M | 393.0K |
| — | Principal Funds, Inc - Government Money Market Fund - Class R-6 | 2.65% | — | $135.81M | — |
| V | Visa IncV | 2.43% | $329.84 | $124.65M | 377.9K |
| JPM | JPMorgan Chase & CoJPM | 2.28% | $313.23 | $116.90M | 373.2K |
| CASY | Casey's General Stores IncCASY | 2.10% | $822.15 | $107.53M | 130.8K |
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 39.81% of net assets, top 25 58.51%, across 101 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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