Investment Strategy

Mar. 01, 2026

Global Emerging Markets Fund

Prospectus [Line Items]

Strategy [Heading]

On or about July 1, 2026, subject to shareholder approval, under Principal Investment Strategies, add the following after the third paragraph:

Strategy Narrative [Text Block]

The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Fund's share price than would occur in a more diversified fund.

Principal Capital Appreciation Fund

Prospectus [Line Items]

Strategy [Heading]

On or about July 1, 2026, subject to shareholder approval, under Principal Investment Strategies, add the following after the first paragraph:

Strategy Narrative [Text Block]

The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Fund's share price than would occur in a more diversified fund.