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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Global Emerging Markets Fund (f/k/a International Emerging Markets Fund)

PIEIX | Fund

$42.94

$7.75 B

0.73%

$0.32

1.17%

Vitals

YTD Return

25.3%

1 yr return

54.1%

3 Yr Avg Return

24.7%

5 Yr Avg Return

7.6%

Net Assets

$7.75 B

Holdings in Top 10

41.2%

52 WEEK LOW AND HIGH

$42.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.90%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Global Emerging Markets Fund (f/k/a International Emerging Markets Fund)

PIEIX | Fund

$42.94

$7.75 B

0.73%

$0.32

1.17%

PIEIX - Profile

Distributions

  • YTD Total Return 25.3%
  • 3 Yr Annualized Total Return 24.7%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.98%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Global Emerging Markets Fund (f/k/a International Emerging Markets Fund)
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 24, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeffrey Kilkenny

Fund Description

The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Fund's share price than would occur in a more diversified fund.
Read More

PIEIX - Performance

Return Ranking - Trailing

Period PIEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.3% -18.5% 102.9% 50.79%
1 Yr 54.1% -14.2% 239.7% 46.68%
3 Yr 24.7%* -0.2% 66.1% 38.83%
5 Yr 7.6%* -11.3% 25.5% 37.29%
10 Yr 10.5%* 0.8% 21.5% 41.91%

* Annualized

Return Ranking - Calendar

Period PIEIX Return Category Return Low Category Return High Rank in Category (%)
2025 33.4% -39.1% 56.9% 18.93%
2024 5.9% -24.0% 31.7% 35.80%
2023 10.5% -6.5% 35.5% 31.28%
2022 -23.8% -50.1% -2.4% 47.88%
2021 -6.5% -33.1% 22.5% 58.82%

Total Return Ranking - Trailing

Period PIEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.3% -18.5% 102.9% 50.79%
1 Yr 54.1% -14.2% 239.7% 46.68%
3 Yr 24.7%* -0.2% 66.1% 38.83%
5 Yr 7.6%* -11.3% 25.5% 37.29%
10 Yr 10.5%* 0.8% 21.5% 41.91%

* Annualized

Total Return Ranking - Calendar

Period PIEIX Return Category Return Low Category Return High Rank in Category (%)
2025 36.9% 0.1% 87.2% 17.67%
2024 6.2% -16.6% 31.7% 54.73%
2023 13.0% -2.5% 42.0% 34.91%
2022 -22.7% -42.2% 1.9% 54.40%
2021 0.8% -32.5% 33.1% 40.31%

NAV & Total Return History

PIEIX - Holdings

Concentration Analysis

PIEIX Category Low Category High PIEIX % Rank
Net Assets 7.75 B 682 K 160 B 16.25%
Number of Holdings 89 10 7640 58.20%
Net Assets in Top 10 2.76 B 290 K 47.3 B 16.88%
Weighting of Top 10 41.18% 2.9% 107.6% 40.60%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 13.26%
  2. Samsung Electronics Co Ltd 5.43%
  3. Tencent Holdings Ltd 5.04%
  4. SK hynix Inc 3.49%
  5. Alibaba Group Holding Ltd 3.20%
  6. AIA Group Ltd 2.44%
  7. HDFC Bank Ltd 2.23%
  8. ICICI Bank Ltd 2.16%
  9. Principal Government Money Market Fund - Class R-6 1.99%
  10. Reliance Industries Ltd 1.94%

Asset Allocation

Weighting Return Low Return High PIEIX % Rank
Stocks 		96.41% 0.00% 102.89% 60.09%
Cash 		2.01% -2.03% 17.54% 42.74%
Preferred Stocks 		1.94% 0.00% 12.21% 25.87%
Other 		0.00% -0.56% 10.07% 84.38%
Convertible Bonds 		0.00% 0.00% 7.40% 87.28%
Bonds 		0.00% 0.00% 138.18% 88.80%

Stock Sector Breakdown

Weighting Return Low Return High PIEIX % Rank
Technology 		21.48% 0.00% 47.50% 50.56%
Financial Services 		18.88% 0.00% 48.86% 67.52%
Consumer Cyclical 		12.69% 0.00% 48.94% 39.20%
Consumer Defense 		9.83% 0.00% 25.90% 15.20%
Industrials 		8.66% 0.00% 43.53% 24.00%
Energy 		8.61% 0.00% 24.80% 10.40%
Communication Services 		7.93% 0.00% 39.29% 59.20%
Basic Materials 		7.46% 0.00% 30.03% 59.04%
Healthcare 		3.01% 0.00% 16.53% 64.96%
Utilities 		1.05% 0.00% 39.12% 53.44%
Real Estate 		0.41% 0.00% 17.15% 77.44%

Stock Geographic Breakdown

Weighting Return Low Return High PIEIX % Rank
Non US 		87.77% 0.00% 100.93% 39.91%
US 		8.64% 0.00% 96.45% 55.21%

PIEIX - Expenses

Operational Fees

PIEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.02% 26.99% 57.75%
Management Fee 0.95% 0.00% 1.50% 75.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

PIEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PIEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PIEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.90% 0.00% 189.00% 52.27%

PIEIX - Distributions

Dividend Yield Analysis

PIEIX Category Low Category High PIEIX % Rank
Dividend Yield 0.73% 0.00% 9.74% 42.74%

Dividend Distribution Analysis

PIEIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

PIEIX Category Low Category High PIEIX % Rank
Net Income Ratio 0.98% -1.98% 17.62% 42.58%

Capital Gain Distribution Analysis

PIEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

View More +

PIEIX - Fund Manager Analysis

Managers

Jeffrey Kilkenny

Start Date

Tenure

Tenure Rank

Jan 10, 2020

2.39

2.4%

Jeffrey Kilkenny was with Principal® from 1999-2006 and rejoined Principal® in 2012. He earned a bachelor's degree in Finance from the University of Iowa. Mr. Kilkenny has earned the right to use the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.79 13.42

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