Fund Evaluator:
Principal Overseas R3 (PINTX)
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Fund Details
Principal Overseas R3 Overview
Principal Overseas R3 (PINTX) is an actively managed International Equity Foreign Large Value fund. Principal Funds launched the fund in 2012.
The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities that are tied economically to countries outside the U.S. at the time of purchase. It invests in emerging market securities. The fund invests in value equity securities, an investment strategy that emphasizes buying equity securities that appear to be undervalued. It invests in equity securities of small, medium, and large market capitalization companies.
About Principal Overseas R3 (PINTX)
There are 3 members of the management team with an average tenure of 6.61 years: James Fennessey (2009), May Tong (2025), Michael Messina (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI EAFE Value NR USD index with a weighting of 100% and MSCI EAFE NR USD index with a weighting of 100%. Principal Overseas R3 has 472 securities in its portfolio. The top 10 holdings constitute 17.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Principal Overseas R3 is part of the Equity global asset class and is within the International Equity fund group. Principal Overseas R3 has 94.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.0%. There is 94.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.4% (0.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Principal Overseas R3 has 2.1% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $976 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PINTX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Principal Overseas R3 expense ratio is high compared to funds in the Foreign Large Value category. Principal Overseas R3 has an expense ratio of 1.46%, which is 39% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Principal Overseas R3 has a portfolio turnover rate of 77%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.
Recently, in the month of July 2026, Principal Overseas R3 returned 1.9%, which earned it a grade of F, as the Foreign Large Value category had an average return of 3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Principal Overseas R3 has a trailing yield of 1.33%, which is below the 2.78% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Principal Overseas R3 Grades
Year to date, the fund has returned 16.0%, 1.1 percentage points better than the category, which translates into a grade of B. The fund has returned 32.5% over the past year (grade of C), 18.2% over the past three years (grade of D) and 13.6% per year over the past five years (grade of B) and 10.5% per year over the past 10 years (grade of B).
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PINTX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PINTX Return (NAV) | 1.9% | 7.6% | 32.5% | 18.2% | 13.6% | 10.5% |
| PINTX Grade | F | B | C | D | B | B |
| +/- Category | -1.9% | 1.7% | 1.5% | -1.1% | 1.4% | 0.7% |
| Foreign Large Value Avg | 3.8% | 5.9% | 30.9% | 19.3% | 12.2% | 9.8% |
| PINTX Tax Cost Ratio | na | na | 2.7% | 3.0% | 2.7% | 1.9% |
PINTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PINTX Return (NAV) | 16.0% | 39.3% | 0.6% | 22.0% | -5.4% | 10.6% | 3.4% | 20.2% | -18.4% | 24.9% | 1.0% |
| PINTX Grade | B | C | F | A | A | D | B | B | D | B | D |
| +/- Category | 1.1% | 0.7% | -3.9% | 4.1% | 4.0% | -1.7% | 0.8% | 1.2% | -1.9% | 1.8% | -1.9% |
| Foreign Large Value Avg | 14.9% | 38.6% | 4.4% | 17.8% | -9.5% | 12.4% | 2.6% | 19.0% | -16.4% | 23.0% | 3.0% |
| Risk Measures | |
| Standard Deviation: | 14.0% |
| Total Risk Index: | 1.14 - Above Average |
| Category Risk Index: | 1.08 - High |
| Category Risk Grade: | F (82% Rank) |
| Beta: | 0.96 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1897 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 78% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 17.2 years | |||
| Average Tenure: 6.6 years | |||
| Managers (Year): Fennessey James (2009), Tong May (2025), Messina Michael (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 472 |
| % in Top 10 Holdings: | 17.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 94.5% |
Portfolio Allocation |
|
| Domestic Stock: | 3.0% |
| Foreign Stock: | 94.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.1% |
Purchase Information
| Fund Family: | Principal Funds |
| Phone Number: | 800-222-5852 |
| Website: | www.principalfunds.com |
| Status: | Open |
| Inception Date: | March 1, 2012 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.46% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Principal Overseas Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
