The Principal Fds, Inc. International Emerging Markets Fd Cl R-5 (PEPSX) is a mutual fund that focuses on investing in emerging markets outside of the United States. This fund is managed by Principal Funds, Inc. and is designed for investors seeking exposure to international markets with high growth potential. The "R-5" designation indicates that this fund is intended for institutional investors, with a lower expense ratio and potentially higher minimum investment requirements. With a diverse portfolio of stocks and securities from emerging economies, this fund offers the potential for long-term growth and diversification in a global market.