PIEMX: Principal Equity Income R1

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PIEMX Principal Equity Income R1


Profile

PIEMX - Profile

Vitals

  • YTD Return 23.5%
  • 3 Yr Annualized Return 6.2%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $8.1 B
  • Holdings in Top 10 22.8%

52 WEEK LOW AND HIGH

$34.07
$26.26
$34.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 13.20%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 31, 2017
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 23.5%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Principal Equity Income Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David W. Simpson

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities at the time of purchase. It usually invests in equity securities of companies with large and medium market capitalizations. The fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued.


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Categories

Performance

PIEMX - Performance

Return Ranking - Trailing

Period PIEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.5% -31.4% 47.0% 17.76%
1 Yr 11.8% -49.5% 32.9% 30.88%
3 Yr 6.2%* -21.7% 15.9% 29.87%
5 Yr 5.3%* -16.7% 14.1% 29.21%
10 Yr N/A* -4.8% 17.6% 8.83%

* Annualized

Return Ranking - Calendar

Period PIEMX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.9% -62.4% 16.7% 15.46%
2017 13.2% -16.5% 22.0% 20.28%
2016 10.9% -27.9% 31.0% 45.38%
2015 -6.2% -43.1% 1.3% 23.65%
2014 10.2% -46.4% 75.9% 12.06%

Total Return Ranking - Trailing

Period PIEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.5% -31.4% 47.0% 17.96%
1 Yr 11.8% -42.3% 32.9% 45.82%
3 Yr 6.2%* -10.9% 15.9% 56.75%
5 Yr 5.3%* -16.7% 14.1% 61.30%
10 Yr N/A* -4.8% 17.6% 13.50%

* Annualized

Total Return Ranking - Calendar

Period PIEMX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.9% -37.1% 17.4% 50.26%
2017 13.2% -16.5% 24.7% 65.76%
2016 10.9% -27.9% 32.2% 74.23%
2015 -6.2% -28.9% 3.9% 62.01%
2014 10.2% -45.2% 78.4% 45.12%

NAV & Total Return History


Holdings

PIEMX - Holdings

Concentration Analysis

PIEMX Category Low Category High PIEMX % Rank
Net Assets 8.1 B 1.12 M 89 B 10.98%
Number of Holdings 66 18 1201 67.65%
Net Assets in Top 10 1.79 B 84.4 K 22.5 B 12.35%
Weighting of Top 10 22.82% 6.1% 186.4% 80.78%

Top 10 Holdings

  1. JPMorgan Chase & Co 2.97%
  2. PNC Financial Services Group Inc 2.53%
  3. KKR & Co Inc 2.28%
  4. Merck & Co Inc 2.23%
  5. Discover Financial Services 2.21%
  6. Digital Realty Trust Inc 2.19%
  7. Verizon Communications Inc 2.17%
  8. Hasbro Inc 2.14%
  9. Roche Holding AG ADR 2.07%
  10. Chubb Ltd 2.04%

Asset Allocation

Weighting Return Low Return High PIEMX % Rank
Stocks
97.46% 85.66% 135.68% 65.69%
Cash
2.54% -98.89% 13.68% 31.08%
Preferred Stocks
0.00% 0.00% 6.74% 99.22%
Other
0.00% -3.87% 28.16% 96.76%
Convertible Bonds
0.00% 0.00% 6.74% 99.22%
Bonds
0.00% -0.41% 76.99% 99.02%

Stock Sector Breakdown

Weighting Return Low Return High PIEMX % Rank
Financial Services
23.61% 0.00% 55.05% 37.78%
Healthcare
13.65% 0.00% 30.31% 40.24%
Industrials
9.39% 0.00% 37.00% 54.07%
Energy
8.44% 0.00% 20.60% 43.47%
Technology
7.48% 0.00% 28.84% 72.33%
Consumer Defense
7.46% 0.00% 42.20% 59.96%
Utilities
6.67% 0.00% 74.30% 24.63%
Consumer Cyclical
6.21% 0.00% 32.70% 58.49%
Communication Services
6.04% 0.00% 23.34% 42.10%
Real Estate
4.85% 0.00% 18.40% 29.74%
Basic Materials
3.65% 0.00% 25.67% 37.88%

Stock Geographic Breakdown

Weighting Return Low Return High PIEMX % Rank
US
83.08% 80.15% 133.82% 97.16%
Non US
14.38% 0.00% 16.12% 3.33%

Expenses

PIEMX - Expenses

Operational Fees

PIEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.00% 27.58% 26.82%
Management Fee 0.51% 0.00% 1.50% 33.82%
12b-1 Fee 0.35% 0.00% 1.00% 62.85%
Administrative Fee 0.28% 0.00% 0.50% 88.63%

Sales Fees

PIEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PIEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PIEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.20% 0.00% 1011.00% 8.31%

Distributions

PIEMX - Distributions

Dividend Yield Analysis

PIEMX Category Low Category High PIEMX % Rank
Dividend Yield 0.76% 0.00% 11.53% 42.16%

Dividend Distribution Analysis

PIEMX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

PIEMX Category Low Category High PIEMX % Rank
Net Income Ratio 1.58% -2.06% 3.68% 52.94%

Capital Gain Distribution Analysis

PIEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PIEMX - Fund Manager Analysis

Managers

David W. Simpson


Start Date

Tenure

Tenure Rank

Mar 31, 2008

11.67

11.7%

David is a portfolio manager at Edge Asset Management, an affiliate of Principal Global Investors. David joined EDGE in 2003. Previously, he was chief investment officer and managing director for Summit Capital Management. He received an MBA in finance from the University of Wisconsin and a bachelor's degree from the University of Illinois. David has earned the right to use the Chartered Financial Analyst designation.

Daniel R. Coleman


Start Date

Tenure

Tenure Rank

May 19, 2010

9.54

9.5%

Dan Coleman is the Head of Equities and also serves as a Portfolio Manager of Edge Asset Management, an affiliate of Principal Global Investors. He joined EDGE in 2001 and has been in the investment industry since 1979. Previously, he was Vice President and Senior Business Manager for Info Space, Inc./Go2Net, Inc. His background also includes positions with Brookhaven Capital Management, LLC/Clyde Hill Research and Ragen MacKenzie. Mr. Coleman received an M.B.A. from New York University and a bachelor's degree in finance from the University of Washington.

Nedret Vidinli


Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.75

2.8%

Ned Vidinli is an Associate Portfolio Manager and Senior Investment Analyst at Edge Asset Management, an affiliate of Principal Global Investors. He joined EDGE in 2010 and has been in the investment industry since 1996. Mr. Vidinli has worked in a variety of capacities in and around the Financial sector. Previously, he was a Senior Analyst for FSI Group, Inc. providing fundamental research coverage for Financials, an Associate Director for Fitch Ratings, and an Associate National Bank Examiner for the U.S. Department of Treasury – Comptroller of the Currency. He received an M.B.A. from Benedictine University and a bachelor's degree in business administration and finance from Drake University. Mr. Vidinli has earned the right to use the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 84.09 7.03 0.81