Principal Global Emerging Markets Fund Class R6 (PIIMX)
| Fund Assets | 2.72B |
| Expense Ratio | 1.03% |
| Min. Investment | $0.00 |
| Turnover | 28.50% |
| Dividend (ttm) | 0.09 |
| Dividend Yield | 0.29% |
| Dividend Growth | -84.04% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 30.29 |
| YTD Return | 18.55% |
| 1-Year Return | 14.11% |
| 5-Year Return | 36.85% |
| 52-Week Low | 23.67 |
| 52-Week High | 30.72 |
| Beta (5Y) | n/a |
| Holdings | 120 |
| Inception Date | Nov 22, 2016 |
About PIIMX
Principal Global Emerging Markets Fund Class R6 is a diversified mutual fund focused on achieving long-term capital growth by investing primarily in equity securities of companies based in emerging market countries. Managed by Principal Global Investors and its affiliates, the fund targets at least 80% of assets in emerging markets, as defined by widely recognized global financial indices such as the MSCI Emerging Markets Index. Its investment approach is flexible with respect to company size and investment style, allowing for holdings across small, medium, and large capitalization stocks and both growth and value equities. The fund typically maintains a broad portfolio, providing exposure across various industries and regions to capture growth opportunities in developing economies. With a Morningstar category of Diversified Emerging Markets, it is designed to offer investors access to dynamic markets that may experience faster economic expansion compared to developed regions. The fund’s performance is benchmarked against the MSCI Emerging Markets Index and is characterized by annual dividend distributions. Principal Global Emerging Markets Fund Class R6 plays a role in global portfolio diversification for institutional and retirement plan investors seeking participation in emerging market growth trends.
Performance
PIIMX had a total return of 14.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.65%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
38.78% of assets| Name | Symbol | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 11.58% |
| Tencent Holdings Limited | 0700 | 6.42% |
| Principal Government Money Market R-6 | PGWXX | 4.47% |
| Alibaba Group Holding Limited | 9988 | 3.38% |
| Samsung Electronics Co., Ltd. | 005930 | 2.74% |
| National Bank of Greece S.A. | ETE | 2.26% |
| ICICI Bank Limited | ICICIBANK | 2.17% |
| Kotak Mahindra Bank Limited | KOTAKBANK | 1.97% |
| Xiaomi Corporation | 1810 | 1.91% |
| AIA Group Limited | 1299 | 1.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.0871 | Dec 27, 2024 |
| Dec 27, 2023 | $0.5458 | Dec 27, 2023 |
| Dec 28, 2022 | $0.3445 | Dec 28, 2022 |
| Dec 29, 2021 | $0.4558 | Dec 29, 2021 |
| Dec 20, 2021 | $1.7506 | Dec 20, 2021 |
| Dec 29, 2020 | $0.1476 | Dec 29, 2020 |