Principal LargeCap Value Fund III
Overview
Performance
As of 12/31/2025
YTD
10.91%
1-year
10.91%
3-year
11.78%
5-year
10.53%
10-year
10.36%
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Overall Morningstar Rating™
As of 11/30/2025
Fund details
as of
12/31/2025
unless indicated otherwise
Fund ticker
PLVIX
CUSIP
74253J677
Benchmark
Russell 1000® Value Index
NAV
$17.34
Total fund assets
$2.43B
Dividend frequency
Annually
Minimum investment
—
Inception date
12/06/2000
Morningstar category
Large Value
Investment approach
The investment seeks long-term growth of capital.
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in value companies with large market capitalizations. The fund also invests in equity securities of companies with medium market capitalizations and in other investment companies (for example, an exchange-traded fund (ETF)).
Performance & expenses
As of
12/31/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 0.78% | 2.45% | 10.91% | 10.91% | 11.78% | 10.53% | 10.36% | 7.37% | — |
| Benchmark performance | — | — | — | — | — | — | — | — | — |
| Morningstar category average | — | — | — | — | — | — | — | — | — |
| Morningstar percentile rankings | — | — | — | 84 | 74 | 72 | 61 | — | — |
| # of funds in category | 1,134 | 1,129 | 1,107 | 1,103 | 1,053 | 992 | 822 | — | 1,053 |
| Morningstar rating | — | — | — | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Total return | 0.78% | 2.45% | 10.91% | 10.91% | 11.78% | 10.53% | 10.36% | 7.37% | — |
| Benchmark performance | — | — | — | — | — | — | — | — | — |
| Morningstar category average | — | — | — | — | — | — | — | — | — |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
Returns shown for periods of less than one year are not annualized.
Index performance information: no deductions for fees, expenses or taxes. Indices are unmanaged and individuals cannot invest directly in an index.
| Data | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total return | 10.91% | 14.50% | 9.97% | -5.02% | 24.35% |
| Morningstar category average Large Value |
7.29% | 14.28% | 11.63% | -5.90% | 26.22% |
Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted.
| Date | Type | Dollar per share |
|---|---|---|
| 12/19/2025 | Income | 0.3506 |
| 12/18/2025 | Short Term Capital Gain | 0.1770 |
| 12/18/2025 | Long Term Capital Gain | 3.1803 |
| 12/20/2024 | Income | 0.2719 |
| 12/19/2024 | Short Term Capital Gain | 0.0079 |
| 12/19/2024 | Long Term Capital Gain | 1.3198 |
| 12/21/2023 | Income | 0.2809 |
| 12/20/2023 | Short Term Capital Gain | 0.0501 |
| 12/20/2023 | Long Term Capital Gain | 0.2570 |
Expense ratio gross
0.71%
Expense ratio net
0.69%
Expense limit expiration date
02/28/2026
Maximum up-front sales charge
—
Contingent deferred sales charge
—
In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the mutual fund. Performance shown reflects the application of net expenses of the fund.
Ratings
Morningstar ratings
as of 11/30/2025
Holdings
Top 10
as of
11/30/2025
% of Assets
% of Assets
1.
Invesco Exchange-Traded Fund T
3.53%
2.
Alphabet Inc - A Shares
2.96%
3.
Berkshire Hathaway Inc - Class
2.72%
4.
Exxon Mobil Corp
2.42%
5.
Principal Government Money Mar
2.33%
6.
Merck & Co Inc
2.31%
7.
Bank of America Corp
2.23%
8.
Carnival Corp
2.07%
9.
Entergy Corp
1.94%
10.
Johnson Controls International
1.63%
Portfolio management
James Fennessey, CFA
26 years of experience
Mike Messina
21 years of experience
May Tong, CFA
25 years of experience
Randy Welch
41 years of experience