PEIPX — Equity Income Fund
Data updated: 2026-09-25
PEIPX — Equity Income Fund. United States Large Cap Value Equity · $7.95B AUM · 0.89% expense ratio. Holdings, fees, performance and SEC filings.
PEIPX Fund Overview
PEIPX — Equity Income Fund is a US mutual fund managed by Principal Funds, Inc., categorised as United States Large Cap Value 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 Value Equity
- Assets under management: $7.95B
- 1-year return: 33.1%
- Ticker: PEIPX
- SEC CIK: 0000898745
- SEC series ID: S000014240
- Share class ID: C000085766
PEIPX Investment Objective and Strategy
Equity Income 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 current income and long-term growth of income and capital.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying equity securities at the time of purchase. The Fund usually invests in equity securities of companies with large and medium market capitalizations. The Fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. The Fund also invests in real estate investment trusts and securities of foreign issuers.
PEIPX Holdings
Top 10 holdings of Equity Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Apple Inc | 4.69% |
| Microsoft Corp | 3.52% |
| Taiwan Semiconductor Manufacturing Co Ltd | 3.28% |
| JPMorgan Chase & Co | 3.25% |
| Morgan Stanley | 2.93% |
| Coca-Cola Co/The | 2.89% |
| Chubb Ltd | 2.87% |
| Costco Wholesale Corp | 2.85% |
| PNC Financial Services Group Inc/The | 2.69% |
| DR Horton Inc | 2.53% |
PEIPX Portfolio Allocation
Asset-class allocation of Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.9% |
| Cash & Equivalents | 1.0% |
PEIPX Performance
Total returns for PEIPX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 33.1% |
| 3 years (annualised) | 5.6% |
| 5 years (annualised) | 9.4% |
PEIPX Risk Information
Risk metrics for PEIPX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.6%
PEIPX Costs and Fees
PEIPX costs about $89 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.89%
- Gross expense ratio: 0.89%
- Portfolio turnover: 17%
- Brokerage commissions: 1.65 bps of average net assets (SEC N-CEN)
PEIPX Cashflows
Over the 12 months to 2026-04, Equity Income Fund had net outflows of $1.41B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$275.52M |
| 2026-03 | −$16.01M |
| 2026-02 | −$51.93M |
| 2026-01 | −$36.27M |
| 2025-12 | $224.66M |
| 2025-11 | −$509.97M |
PEIPX Debt Constituents
No individual debt constituents are reported in Equity Income Fund's latest SEC N-PORT filing.
PEIPX Prospectus and SEC Filings
Official Equity Income 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 Value 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.