Principal Global Emerging Markets Fund
Overview
Performance
As of 12/31/2025
YTD
36.42%
1-year
36.42%
3-year
17.55%
5-year
4.70%
10-year
7.79%
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 12/31/2025
Fund details
as of
01/15/2026
unless indicated otherwise
Fund ticker
PRIAX
CUSIP
74254T294
Benchmark
MSCI Emerging Markets NTR Index
Extended performance inception date
12/06/2000
NAV
$36.84
Total fund assets
$5.56B
Dividend frequency
Annually
Minimum investment
$1,000.00
Inception date
06/28/2005
Morningstar category
Diversified Emerging Markets
Investment approach
The investment seeks long-term growth of capital.
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies. The fund's manager considers “emerging market” to mean any market that is considered to be an emerging market by the international financial community (including the MSCI Emerging Markets Index or Bloomberg Emerging Markets USD Aggregate Bond Index). It invests in equity securities regardless of market capitalization (small, medium or large) and style (growth or value).
Performance & expenses
As of
12/31/2025
| Name | 1 month | 3 month | YTD | 1-year | 3-year | 5-year | 10-year | Since inception | Overall |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | 2.60% | 3.47% | 36.42% | 36.42% | 17.55% | 4.70% | 7.79% | 7.71% | — |
| Including sales charge | -3.03% | -2.23% | 28.94% | 28.94% | 15.35% | 3.51% | 7.18% | 7.47% | — |
| Benchmark performance MSCI Emerging Markets NTR Index |
2.99% | 4.73% | 33.57% | 33.57% | 16.40% | 4.20% | 8.42% | — | — |
| Morningstar category average Diversified Emerging Markets |
2.57% | 4.73% | 30.55% | 30.55% | 15.87% | 4.29% | 7.93% | — | — |
| Morningstar percentile rankings | — | — | — | 20 | 29 | 45 | 58 | — | — |
| # of funds in category | 769 | 764 | 751 | 751 | 704 | 620 | 460 | — | 704 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Excluding sales charge | 2.60% | 3.47% | 36.42% | 36.42% | 17.55% | 4.70% | 7.79% | 7.71% | — |
| Including sales charge | -3.03% | -2.23% | 28.94% | 28.94% | 15.35% | 3.51% | 7.18% | 7.47% | — |
| Benchmark performance MSCI Emerging Markets NTR Index |
2.99% | 4.73% | 33.57% | 33.57% | 16.40% | 4.20% | 8.42% | — | — |
| Morningstar category average Diversified Emerging Markets |
2.57% | 4.73% | 30.55% | 30.55% | 15.87% | 4.29% | 7.93% | — | — |
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 |
|---|---|---|---|---|---|
| Excluding sales charge | 36.42% | 5.81% | 12.52% | -22.89% | 0.43% |
| Including sales charge | 28.94% | 0.00% | 6.31% | -27.13% | -5.11% |
| Morningstar category average Diversified Emerging Markets |
30.55% | 6.04% | 12.32% | -20.86% | 0.39% |
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 |
|---|---|---|
| 12/29/2025 | Income | 0.2107 |
| 12/18/2025 | Short Term Capital Gain | 0.2558 |
| 12/18/2025 | Long Term Capital Gain | 0.2963 |
| 12/27/2023 | Income | 0.4541 |
Expense ratio gross
1.56%
Expense ratio net
1.47%
Expense limit expiration date
02/28/2026
Maximum up-front sales charge
5.50%
Contingent deferred sales charge
1.00%
A maximum sales charge of 5.50% may apply for Class A shares. Performance reflects this maximum sales charge when a sales charge is indicated.
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 12/31/2025
Holdings
Top 10
as of
11/30/2025
% of Assets
% of Assets
1.
Taiwan Semiconductor Manufactu
12.92%
2.
Tencent Holdings Ltd
6.50%
3.
Samsung Electronics Co Ltd
4.28%
4.
Alibaba Group Holding Ltd
3.37%
5.
AIA Group Ltd
2.51%
6.
SK hynix Inc
2.03%
7.
Reliance Industries Ltd
2.03%
8.
HDFC Bank Ltd
1.81%
9.
Yum China Holdings Inc
1.70%
10.
ICICI Bank Ltd
1.70%
Portfolio management
Daniel Graña
33 years of experience
John Paul Lech
22 years of experience