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Equity Income Fund formerly Equity Income Fund I
mutual fund
PEIJX
Payout Change
Pending
Price as of:
$39.74
+0.34
+0.86%
primary theme
U.S. Large-Cap Value Equity
share class
PEIJX (Mutual Fund)
Equity Income Fund formerly Equity Income Fund I
Payout Change
Pending
Price as of:
$39.74
+0.34
+0.86%
primary theme
U.S. Large-Cap Value Equity
share class
PEIJX (Mutual Fund)
Equity Income Fund formerly Equity Income Fund I
Payout Change
Pending
Price as of:
$39.74
+0.34
+0.86%
primary theme
U.S. Large-Cap Value Equity
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
16.8%
1 yr return
17.0%
3 Yr Avg Return
5.4%
5 Yr Avg Return
8.4%
Net Assets
$8.77 B
Holdings in Top 10
27.1%
52 WEEK LOW AND HIGH
$39.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.81%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
PEIJX - Profile
Distributions
- YTD Total Return 16.8%
- 3 Yr Annualized Total Return 5.4%
- 5 Yr Annualized Total Return 8.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.42%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEquity Income Fund formerly Equity Income Fund I
-
Fund Family NamePrincipal Funds
-
Inception DateSep 09, 2018
-
Shares OutstandingN/A
-
Share ClassJ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Coleman
Fund Description
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 securities of foreign issuers.
PEIJX - Performance
Return Ranking - Trailing
| Period | PEIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.8% | -32.7% | 51.5% | 29.05% |
| 1 Yr | 17.0% | -32.4% | 51.6% | 26.24% |
| 3 Yr | 5.4%* | -9.5% | 17.8% | 72.15% |
| 5 Yr | 8.4%* | -2.1% | 43.8% | 64.16% |
| 10 Yr | N/A* | 1.2% | 24.7% | 46.52% |
* Annualized
Return Ranking - Calendar
| Period | PEIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.8% | -16.9% | 46.1% | 37.15% |
| 2022 | -15.3% | -64.7% | 4.6% | 76.43% |
| 2021 | 15.8% | -44.2% | 57.5% | 52.30% |
| 2020 | 4.2% | -23.2% | 285.0% | 18.17% |
| 2019 | 23.0% | -21.4% | 48.5% | 21.61% |
Total Return Ranking - Trailing
| Period | PEIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.8% | -32.7% | 51.5% | 29.05% |
| 1 Yr | 17.0% | -32.4% | 51.6% | 26.24% |
| 3 Yr | 5.4%* | -9.5% | 17.8% | 72.15% |
| 5 Yr | 8.4%* | -2.1% | 43.8% | 64.16% |
| 10 Yr | N/A* | 1.2% | 24.7% | 43.64% |
* Annualized
Total Return Ranking - Calendar
| Period | PEIJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.9% | -15.9% | 46.7% | 52.16% |
| 2022 | -10.7% | -42.0% | 8.5% | 87.26% |
| 2021 | 22.0% | 3.6% | 129.7% | 85.50% |
| 2020 | 6.2% | -22.6% | 304.8% | 25.80% |
| 2019 | 28.5% | -12.7% | 52.1% | 20.58% |
NAV & Total Return History
PEIJX - Holdings
Concentration Analysis
| PEIJX | Category Low | Category High | PEIJX % Rank | |
|---|---|---|---|---|
| Net Assets | 8.77 B | 2.09 M | 163 B | 15.25% |
| Number of Holdings | 64 | 2 | 1727 | 67.35% |
| Net Assets in Top 10 | 2.45 B | 466 K | 39.5 B | 15.15% |
| Weighting of Top 10 | 27.07% | 4.4% | 99.1% | 51.55% |
Top 10 Holdings
- Parker-Hannifin Corp 3.12%
- Morgan Stanley 2.89%
- KKR Co Inc 2.84%
- JPMorgan Chase Co 2.83%
- Costco Wholesale Corp 2.77%
- PNC Financial Services Group Inc/The 2.70%
- Chubb Ltd 2.55%
- Trane Technologies PLC 2.53%
- PACCAR Inc 2.42%
- Hilton Worldwide Holdings Inc 2.42%
Asset Allocation
| Weighting | Return Low | Return High | PEIJX % Rank | |
|---|---|---|---|---|
| Stocks | 98.28% | 4.16% | 102.49% | 48.18% |
| Cash | 1.72% | 0.00% | 17.28% | 48.08% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 89.62% |
| Other | 0.00% | -2.59% | 39.89% | 86.16% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 89.38% |
| Bonds | 0.00% | 0.00% | 97.99% | 89.62% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PEIJX % Rank | |
|---|---|---|---|---|
| Financial Services | 19.23% | 0.00% | 58.05% | 53.16% |
| Healthcare | 18.51% | 0.00% | 30.08% | 39.19% |
| Industrials | 11.27% | 0.00% | 42.76% | 53.64% |
| Consumer Defense | 8.92% | 0.00% | 34.10% | 41.74% |
| Technology | 8.79% | 0.00% | 54.02% | 70.63% |
| Energy | 7.18% | 0.00% | 54.00% | 63.93% |
| Communication Services | 7.10% | 0.00% | 26.58% | 28.33% |
| Utilities | 5.64% | 0.00% | 27.04% | 35.13% |
| Real Estate | 4.81% | 0.00% | 90.54% | 21.06% |
| Consumer Cyclical | 4.30% | 0.00% | 22.74% | 75.73% |
| Basic Materials | 4.27% | 0.00% | 20.01% | 27.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PEIJX % Rank | |
|---|---|---|---|---|
| US | 98.28% | 4.16% | 102.49% | 37.79% |
| Non US | 0.00% | 0.00% | 24.08% | 91.67% |
PEIJX - Expenses
Operational Fees
| PEIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.81% | 0.03% | 14.82% | 60.09% |
| Management Fee | 0.50% | 0.00% | 1.50% | 38.27% |
| 12b-1 Fee | 0.15% | 0.00% | 1.00% | 22.20% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| PEIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | 1.00% | 0.95% | 5.00% | 92.86% |
Trading Fees
| PEIJX 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.
| PEIJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 22.00% | 0.00% | 488.00% | 26.23% |
PEIJX - Distributions
Dividend Yield Analysis
| PEIJX | Category Low | Category High | PEIJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.52% | 0.00% | 16.67% | 61.89% |
Dividend Distribution Analysis
| PEIJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| PEIJX | Category Low | Category High | PEIJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.42% | -1.51% | 4.28% | 45.59% |
Capital Gain Distribution Analysis
| PEIJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.043 | CapitalGainShortTerm |
| Dec 12, 2024 | $3.681 | CapitalGainLongTerm |
| Sep 19, 2024 | $0.149 | OrdinaryDividend |
| Mar 19, 2024 | $0.182 | OrdinaryDividend |
| Dec 27, 2023 | $0.178 | OrdinaryDividend |
| Dec 13, 2023 | $0.265 | CapitalGainLongTerm |
| Sep 20, 2023 | $0.199 | OrdinaryDividend |
| Jun 20, 2023 | $0.187 | OrdinaryDividend |
| Mar 17, 2023 | $0.173 | OrdinaryDividend |
| Dec 28, 2022 | $0.143 | OrdinaryDividend |
| Dec 13, 2022 | $1.353 | OrdinaryDividend |
| Sep 20, 2022 | $0.143 | OrdinaryDividend |
| Jun 17, 2022 | $0.127 | OrdinaryDividend |
| Mar 17, 2022 | $0.140 | OrdinaryDividend |
| Dec 29, 2021 | $0.119 | OrdinaryDividend |
| Dec 13, 2021 | $1.614 | OrdinaryDividend |
| Sep 20, 2021 | $0.113 | OrdinaryDividend |
| Jun 17, 2021 | $0.136 | OrdinaryDividend |
| Mar 17, 2021 | $0.134 | OrdinaryDividend |
| Dec 29, 2020 | $0.129 | OrdinaryDividend |
| Sep 18, 2020 | $0.137 | OrdinaryDividend |
| Jun 17, 2020 | $0.137 | OrdinaryDividend |
| Mar 18, 2020 | $0.153 | OrdinaryDividend |
| Dec 27, 2019 | $0.097 | OrdinaryDividend |
| Dec 19, 2019 | $0.025 | CapitalGainShortTerm |
| Dec 19, 2019 | $0.922 | CapitalGainLongTerm |
| Sep 18, 2019 | $0.138 | OrdinaryDividend |
| Jun 19, 2019 | $0.136 | OrdinaryDividend |
| Mar 19, 2019 | $0.152 | OrdinaryDividend |
| Dec 27, 2018 | $0.187 | OrdinaryDividend |
| Dec 19, 2018 | $0.215 | CapitalGainShortTerm |
| Dec 19, 2018 | $1.211 | CapitalGainLongTerm |
PEIJX - Fund Manager Analysis
Managers
Daniel Coleman
Start Date
Tenure
Tenure Rank
May 19, 2010
12.04
12.0%
Dan is the Chief Investment Officer at Edge Asset Management, an investment boutique within Principal Global Investors, and serves as a Portfolio Manager. He is responsible for security selection and overseeing the firm’s equity strategies. Dan joined Edge as a Portfolio Manager in 2001 and was promoted to the Head of Equities in 2005. He has been in the investment industry since 1979. Previously, he was Vice President and Senior Business Manager for Info Space, Inc./Go2Net, Inc. His background also includes positions with Brookhaven Capital Management, LLC/Clyde Hill Research and Ragen MacKenzie. Dan received an MBA from New York University and a bachelor's degree in finance from the University of
Nedret Vidinli
Start Date
Tenure
Tenure Rank
Mar 01, 2017
5.25
5.3%
Ned Vidinli is an Associate Portfolio Manager and Senior Investment Analyst at Edge Asset Management, an affiliate of Principal Global Investors. He joined EDGE in 2010 and has been in the investment industry since 1996. Mr. Vidinli has worked in a variety of capacities in and around the Financial sector. Previously, he was a Senior Analyst for FSI Group, Inc. providing fundamental research coverage for Financials, an Associate Director for Fitch Ratings, and an Associate National Bank Examiner for the U.S. Department of Treasury – Comptroller of the Currency. He received an M.B.A. from Benedictine University and a bachelor's degree in business administration and finance from Drake University. Mr. Vidinli has earned the right to use the Chartered Financial Analyst designation.
Sarah Radecki
Start Date
Tenure
Tenure Rank
Jan 05, 2021
1.4
1.4%
Sarah E. Radecki joined Principal in 1999. Ms. Radecki earned bachelor’s degrees in political science and economics from Saint Mary’s College of California and a master’s degree in economics from the University of California at Santa Barbara. She has earned the right to use the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 6.71 |
