Principal Equity Income Fund Institutional Class (PEIIX)
| Fund Assets | 8.70B |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000,000 |
| Turnover | 16.30% |
| Dividend (ttm) | 4.40 |
| Dividend Yield | 10.48% |
| Dividend Growth | 102.12% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 18, 2025 |
| Previous Close | 41.95 |
| YTD Return | 8.57% |
| 1-Year Return | 23.58% |
| 5-Year Return | 95.79% |
| 52-Week Low | 34.78 |
| 52-Week High | 45.80 |
| Beta (5Y) | n/a |
| Holdings | 62 |
| Inception Date | Aug 1, 2000 |
About PEIIX
Principal Equity Income Fund Institutional Class is an open-end mutual fund focused on generating current income and achieving long-term growth of both income and capital. The fund primarily invests in dividend-paying equity securities, allocating at least 80% of its net assets to companies that have produced dividend income in the past year. It typically holds large and mid-cap stocks, carefully selecting businesses with a consistent track record of dividend payments and the potential for dividend growth. The fund positions itself as sector neutral, aiming to mitigate risk by not making tactical sector bets but instead focusing on identifying quality companies across the market landscape. Its holdings span diverse industries, with significant exposure to financial services, industrials, and consumer defensive sectors. The fund is designed for institutional investors, reflected in its share class designation and minimum investment requirements. Through quarterly dividend distributions and a disciplined investment approach, the Principal Equity Income Fund Institutional Class plays a key role in the large value segment, appealing to investors seeking both income and stability from established U.S. and global enterprises.
Performance
PEIIX had a total return of 23.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.25%.
Top 10 Holdings
28.54% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley | MS | 3.54% |
| JPMorgan Chase & Co. | JPM | 3.45% |
| KKR & Co. Inc. | KKR | 3.34% |
| Costco Wholesale Corporation | COST | 2.81% |
| Trane Technologies plc | TT | 2.79% |
| Parker-Hannifin Corporation | PH | 2.63% |
| Bank of America Corporation | BAC | 2.62% |
| Deere & Company | DE | 2.47% |
| The PNC Financial Services Group, Inc. | PNC | 2.46% |
| Hilton Worldwide Holdings Inc. | HLT | 2.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 18, 2025 | $0.1639 | Jun 18, 2025 |
| Mar 19, 2025 | $0.1791 | Mar 19, 2025 |
| Dec 27, 2024 | $0.1621 | Dec 27, 2024 |
| Dec 12, 2024 | $3.723 | Dec 12, 2024 |
| Sep 19, 2024 | $0.1685 | Sep 19, 2024 |
| Jun 20, 2024 | $0.1933 | Jun 20, 2024 |