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4 Best Ranked Principal Financial Mutual Funds to Buy
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Renowned publicly owned global investment management firm, Principal Financial Group aims to support the requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions. The company manages assets worth over $547.7 billion (as of March 31, 2016) based on assets raised in the country or region. It offers investment management strategies and services in 18 countries. It invests in equities, multi-assets, fixed income real estates and alternative markets. It was founded in 1879 and is headquartered in Des Moines, Iowa.
Principal California Municipal A (SRCMX - Free Report) seeks a high level of current income exempted from federal income taxes and state personal income taxes. SRCMX invests the majority of its assets in securities that pay interest free from federal and California income taxes.The Principal California Municipal A fund has year-to-date, three-year and five-year annualized returns of 5.5%, 8.4% and 6.7%, respectively.
SRCMX has an expense ratio of 0.78% compared to the category average of 0.86%.
Principal Short-Term Income A (SRHQX - Free Report) generally invests in fixed-income securities, which includes high quality short-term debt securities. These bonds are normally rated BBB- or higher. SRHQX seeks growth of income and effective investment management. The Principal Short-Term Income A fund has year-to-date, three-year and five-year annualized returns of 2.4%, 1.6% and 1.9%, respectively.
Scott Peterson is the one of the fund managers and has managed SRHQX since 2010.
Principal Capital Appreciation A (CMNWX - Free Report) seeks capital appreciation for the long run. CMNWX invests its assets in securities of companies from different market-cap range. Although, it invests primarily in large cap companies, it also focuses on acquiring securities of both small- and mid-cap companies. CMNWX also invests in both growth and/ or value stocks. The Principal Capital Appreciation A fund has year-to-date, three-year and five-year annualized returns of 6.8%, 10.8% and 14.7%, respectively.
CMNWX has an expense ratio of 0.84% compared to the category average of 1.03%.
Principal LargeCap Value R5 invests a lion’s share of its assets in securities of large-cap companies, which are undervalued. Companies having market capitalization within the range of Russell 1000 Value Index are considered large-cap companies. PLVPX seeks capital growth for the long run. The Principal LargeCap Value R5 fund has year-to-date, three-year and five-year annualized returns of 3%, 7.2% and 13.6%, respectively.
As of June 2016, PLVPX held 67 issues, with 5% of its assets invested in Exxon Mobil Corp.
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4 Best Ranked Principal Financial Mutual Funds to Buy
Renowned publicly owned global investment management firm, Principal Financial Group aims to support the requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions. The company manages assets worth over $547.7 billion (as of March 31, 2016) based on assets raised in the country or region. It offers investment management strategies and services in 18 countries. It invests in equities, multi-assets, fixed income real estates and alternative markets. It was founded in 1879 and is headquartered in Des Moines, Iowa.
Below we share with you 4 top-rated Principal Financial mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and we expect the fund to outperform its peers in the future. Investors can click here to see the complete list of Principal Financial funds.
Principal California Municipal A (SRCMX - Free Report) seeks a high level of current income exempted from federal income taxes and state personal income taxes. SRCMX invests the majority of its assets in securities that pay interest free from federal and California income taxes.The Principal California Municipal A fund has year-to-date, three-year and five-year annualized returns of 5.5%, 8.4% and 6.7%, respectively.
SRCMX has an expense ratio of 0.78% compared to the category average of 0.86%.
Principal Short-Term Income A (SRHQX - Free Report) generally invests in fixed-income securities, which includes high quality short-term debt securities. These bonds are normally rated BBB- or higher. SRHQX seeks growth of income and effective investment management. The Principal Short-Term Income A fund has year-to-date, three-year and five-year annualized returns of 2.4%, 1.6% and 1.9%, respectively.
Scott Peterson is the one of the fund managers and has managed SRHQX since 2010.
Principal Capital Appreciation A (CMNWX - Free Report) seeks capital appreciation for the long run. CMNWX invests its assets in securities of companies from different market-cap range. Although, it invests primarily in large cap companies, it also focuses on acquiring securities of both small- and mid-cap companies. CMNWX also invests in both growth and/ or value stocks. The Principal Capital Appreciation A fund has year-to-date, three-year and five-year annualized returns of 6.8%, 10.8% and 14.7%, respectively.
CMNWX has an expense ratio of 0.84% compared to the category average of 1.03%.
Principal LargeCap Value R5 invests a lion’s share of its assets in securities of large-cap companies, which are undervalued. Companies having market capitalization within the range of Russell 1000 Value Index are considered large-cap companies. PLVPX seeks capital growth for the long run. The Principal LargeCap Value R5 fund has year-to-date, three-year and five-year annualized returns of 3%, 7.2% and 13.6%, respectively.
As of June 2016, PLVPX held 67 issues, with 5% of its assets invested in Exxon Mobil Corp.
To view the Zacks Rank and past performance of all Principal Financial mutual funds, investors can click here to see the complete list of Principal Financial funds.
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