CMNCX Fees and Costs — Principal Capital Appreciation Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.63%: a 0.44% management fee, a 1.00% 12b-1 fee plus 0.19% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $1.7M in broker commissions, 0.0351% of average net assets, and portfolio turnover was 56%.
CMNCX Fees and Expenses
Annual operating expenses and sales charges of CMNCX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.63% |
| Fee waiver | — |
| Net expense ratio | 1.63% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CMNCX Costs Over Time
On $10,000 invested in CMNCX, assuming 5% a year before costs, total costs come to $1,028 over 5 years, cutting the return by 1.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.63%) | $171 | $530 | $913 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $278 | $569 | $1,028 |
| Value after costs | $10,222 | $11,008 | $11,735 |
| Impact on return, per year | 2.78% | 1.75% | 1.75% |
CMNCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0351%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $2K (0.000% of average net assets)
CMNCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL LLC | $206K | 21.20% |
| J.P. MORGAN SECURITIES LLC | $158K | 16.27% |
| BARCLAYS CAPITAL INC. | $105K | 10.85% |
| LIQUIDNET | $100K | 10.35% |
| JEFFERIES & COMPANY | $81K | 8.39% |
| GOLDMAN SACHS CO. | $78K | 8.03% |
| RAYMOND JAMES & ASSOCIATES | $71K | 7.34% |
| SANFORD C. BERNSTEIN & CO. | $62K | 6.39% |
| STIFEL NICOLAUS & COMPANY | $55K | 5.70% |
| BTIG | $53K | 5.50% |
Principal Capital Appreciation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PWCIX | Institutional Class | 0.45% | none |
| PCAQX | Class R-5 | 0.68% | none |
| CMNWX | Class A | 0.73% | 5.50% |
| PCAOX | Class R-3 | 0.99% | none |
| CMNCX | Class C | 1.63% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.