We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3 Principal Financial Group Mutual Funds for Long-Term Growth
Read MoreHide Full Article
Principal Financial Group is headquartered in Des Moines, IA has been in the investment management and insurance business for more than 140 years. With operations spanning over 27 countries, the company emphasizes incorporating Environmental, Social and Governance (ESG) factors into its investment approaches, which include a wide range of sustainable mutual funds that cater to sustainable businesses demonstrating ethical practices across various sectors such as equity investments as well as balanced portfolios. These factors position Principal Financial Group mutual funds as a trustworthy choice investment.
We have chosen three Principal Financial Group mutual funds — Principal MidCap (PMBJX - Free Report) , Principal Capital Appreciation and Principal LargeCap Growth (PPUPX - Free Report) — that investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
Principal MidCap fund invests most of its assets in equity securities of companies with medium-market capitalization. PMBJX advisors also choose to invest in foreign securities.
Bill Nolin has been the lead manager of PMBJX since Dec. 6, 2000. Most of the fund’s holdings were in companies like Brookfield Corp (5.1%), HEICO Corp (5%) and KKR & Co. Inc. (4.9%) as of July 31, 2024.
PMBJX’s 3-year and 5-year annualized returns are 8.3% and 12.6%, respectively. PMBJX has a Zacks Mutual Fund Rank #1. Its net expense ratio is 0.78%.
To see how this fund performed compared to its category and other 1 and 2 Ranked Mutual Funds, please click here.
Principal Capital Appreciation fund invests in equity securities of companies across all market capitalizations, with a higher emphasis on large-cap companies compared to small or mid-cap companies. PCAPX advisors also invest in securities of businesses they believe are undervalued, have a competitive advantage, and possess barriers to entry in their industries.
Daniel R. Coleman has been the lead manager of PCAPX since May 19, 2010. Most of the fund's holdings were in companies like Apple Inc. (6%), Microsoft Corp (5.7%) and NVIDIA Corp (4.3%) as of July 31, 2024.
PCAPX's 3-year and 5-year annualized returns are 12.6% and 15.8%, respectively. PCAPX has a Zacks Mutual Fund Rank #1. Its net expense ratio is 0.81%.
Principal LargeCap Growth fund invests most of its assets in large-cap companies. PPUPX advisors also invest in growth equity securities, focusing on companies with above-average growth potential and mid-sized market capitalizations.
James W. Fennessey has been the lead manager of PPUPX since June 2, 2009. Most of the fund's holdings were in companies like Microsoft Corp (9.2%), NVIDIA Corp (8%) and Amazon.com, Inc. (6.3%) as of July 31, 2024.
PPUPX's 3-year and 5-year annualized returns are 5.6% and 14.9%, respectively. PPUPX has a Zacks Mutual Fund Rank #2. Its net expense ratio is 0.85%.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top performing mutual funds, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3 Principal Financial Group Mutual Funds for Long-Term Growth
Principal Financial Group is headquartered in Des Moines, IA has been in the investment management and insurance business for more than 140 years. With operations spanning over 27 countries, the company emphasizes incorporating Environmental, Social and Governance (ESG) factors into its investment approaches, which include a wide range of sustainable mutual funds that cater to sustainable businesses demonstrating ethical practices across various sectors such as equity investments as well as balanced portfolios. These factors position Principal Financial Group mutual funds as a trustworthy choice investment.
We have chosen three Principal Financial Group mutual funds — Principal MidCap (PMBJX - Free Report) , Principal Capital Appreciation and Principal LargeCap Growth (PPUPX - Free Report) — that investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
Principal MidCap fund invests most of its assets in equity securities of companies with medium-market capitalization. PMBJX advisors also choose to invest in foreign securities.
Bill Nolin has been the lead manager of PMBJX since Dec. 6, 2000. Most of the fund’s holdings were in companies like Brookfield Corp (5.1%), HEICO Corp (5%) and KKR & Co. Inc. (4.9%) as of July 31, 2024.
PMBJX’s 3-year and 5-year annualized returns are 8.3% and 12.6%, respectively. PMBJX has a Zacks Mutual Fund Rank #1. Its net expense ratio is 0.78%.
To see how this fund performed compared to its category and other 1 and 2 Ranked Mutual Funds, please click here.
Principal Capital Appreciation fund invests in equity securities of companies across all market capitalizations, with a higher emphasis on large-cap companies compared to small or mid-cap companies. PCAPX advisors also invest in securities of businesses they believe are undervalued, have a competitive advantage, and possess barriers to entry in their industries.
Daniel R. Coleman has been the lead manager of PCAPX since May 19, 2010. Most of the fund's holdings were in companies like Apple Inc. (6%), Microsoft Corp (5.7%) and NVIDIA Corp (4.3%) as of July 31, 2024.
PCAPX's 3-year and 5-year annualized returns are 12.6% and 15.8%, respectively. PCAPX has a Zacks Mutual Fund Rank #1. Its net expense ratio is 0.81%.
Principal LargeCap Growth fund invests most of its assets in large-cap companies. PPUPX advisors also invest in growth equity securities, focusing on companies with above-average growth potential and mid-sized market capitalizations.
James W. Fennessey has been the lead manager of PPUPX since June 2, 2009. Most of the fund's holdings were in companies like Microsoft Corp (9.2%), NVIDIA Corp (8%) and Amazon.com, Inc. (6.3%) as of July 31, 2024.
PPUPX's 3-year and 5-year annualized returns are 5.6% and 14.9%, respectively. PPUPX has a Zacks Mutual Fund Rank #2. Its net expense ratio is 0.85%.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top performing mutual funds, each week. Get it free >>