Principal Equity Income Fund Class A (PQIAX)
| Fund Assets | 8.07B |
| Expense Ratio | 0.85% |
| Min. Investment | $1,000 |
| Turnover | 16.70% |
| Dividend (ttm) | 4.05 |
| Dividend Yield | 8.79% |
| Dividend Growth | -6.05% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 29, 2025 |
| Previous Close | 43.43 |
| YTD Return | 5.23% |
| 1-Year Return | 15.32% |
| 5-Year Return | 62.35% |
| 52-Week Low | 33.71 |
| 52-Week High | 46.43 |
| Beta (5Y) | n/a |
| Holdings | 64 |
| Inception Date | May 31, 1939 |
About PQIAX
Principal Equity Income Fund Class A is a mutual fund with a primary focus on providing investors with current income and long-term growth of both income and capital. The fund is managed using a value-oriented strategy, investing at least 80% of its net assets in dividend-paying equity securities, primarily from large and medium market capitalization companies. Its portfolio is designed to emphasize high-quality businesses with a track record of consistent or growing dividends, aiming to capture the benefits that dividend growers and payers have historically offered, such as higher returns with reduced risk compared to non-dividend-paying stocks. The fund maintains a sector-neutral approach, selecting companies based on their individual merits rather than making large sector bets. This strategy helps mitigate risk while striving for stable income generation and capital appreciation. Principal Equity Income Fund Class A is benchmarked against the Russell 1000 Value Index and falls within the large value Morningstar category. With a long operating history dating back to 1939, it plays a significant role for investors seeking a combination of dividend income and growth potential in their equity allocations, often making it a core holding for income-focused and risk-conscious portfolios.
Performance
PQIAX had a total return of 15.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.02%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| SWDSX | Schwab | Schwab Dividend Equity Fund™ | 0.88% |
Top 10 Holdings
28.56% of assets| Name | Symbol | Weight |
|---|---|---|
| Alphabet Inc. | GOOGL | 4.08% |
| JPMorgan Chase & Co. | JPM | 3.37% |
| Costco Wholesale Corporation | COST | 2.91% |
| Morgan Stanley | MS | 2.73% |
| D.R. Horton, Inc. | DHI | 2.65% |
| The PNC Financial Services Group, Inc. | PNC | 2.62% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 2.59% |
| Cummins Inc. | CMI | 2.57% |
| Hilton Worldwide Holdings Inc. | HLT | 2.56% |
| KKR & Co. Inc. | KKR | 2.49% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2025 | $0.0979 | Dec 29, 2025 |
| Dec 11, 2025 | $3.4941 | Dec 11, 2025 |
| Sep 18, 2025 | $0.1843 | Sep 18, 2025 |
| Jun 18, 2025 | $0.1316 | Jun 18, 2025 |
| Mar 19, 2025 | $0.1465 | Mar 19, 2025 |
| Dec 27, 2024 | $0.1267 | Dec 27, 2024 |