PCAPX — Principal Capital Appreciation Fund
Data updated: 2026-09-25
PCAPX — Principal Capital Appreciation Fund. United States Large Cap Blend / Core Equity · $3.93B AUM. Holdings, fees, performance and SEC filings.
PCAPX Fund Overview
PCAPX — Principal Capital Appreciation Fund is a US mutual fund managed by Principal Funds, Inc., categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Principal Funds, Inc.
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $3.93B
- 1-year return: 39.1%
- Ticker: PCAPX
- SEC CIK: 0000898745
- SEC series ID: S000014238
- Share class ID: C000085761
PCAPX Investment Objective and Strategy
Principal Capital Appreciation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Funds, Inc..
Investment objective
The Fund seeks to provide long-term growth of capital.
Principal investment strategy
The Fund invests primarily in equity securities of companies with any market capitalization, but has a greater exposure to large market capitalization companies than small or medium market capitalization companies. The Fund invests in equity securities with value and/or growth characteristics. Investing in value equity securities is an investment strategy that emphasizes buying equity securities that appear to be undervalued. The growth orientation selection emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average. The Fund does not have a policy of preferring one of these categories over the other.
PCAPX Holdings
Top 10 holdings of Principal Capital Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 6.97% |
| Apple Inc | 6.53% |
| Alphabet Inc - A Shares | 5.46% |
| Microsoft Corp | 4.93% |
| Amazon.com Inc | 4.03% |
| Broadcom Inc | 2.78% |
| Visa Inc | 2.58% |
| JPMorgan Chase & Co | 2.52% |
| Principal Funds, Inc - Government Money Market Fund - Class R-6 | 2.11% |
| Eli Lilly & Co | 1.91% |
PCAPX Portfolio Allocation
Asset-class allocation of Principal Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.1% |
| Cash & Equivalents | 2.1% |
PCAPX Performance
Total returns for PCAPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 39.1% |
| 3 years (annualised) | 9.6% |
| 5 years (annualised) | 15.2% |
PCAPX Risk Information
Risk metrics for PCAPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.6%
PCAPX Costs and Fees
PCAPX costs about $82 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.82%
- Gross expense ratio: 0.82%
- Portfolio turnover: 56%
- Brokerage commissions: 3.51 bps of average net assets (SEC N-CEN)
PCAPX Cashflows
Over the 12 months to 2026-04, Principal Capital Appreciation Fund had net outflows of $88.87M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $166.83M |
| 2026-03 | −$32.86M |
| 2026-02 | −$25.08M |
| 2026-01 | −$9.28M |
| 2025-12 | $208.97M |
| 2025-11 | −$192.57M |
PCAPX Debt Constituents
No individual debt constituents are reported in Principal Capital Appreciation Fund's latest SEC N-PORT filing.
PCAPX Prospectus and SEC Filings
Official Principal Capital Appreciation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-25
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.