Founded in 1879, Principal Financial Group manages assets worth over $595.8 billion (as of September 30, 2016) based on assets raised in the country or region. It invests in equities, multi-assets, fixed income real estates and alternative markets. The main objective of the company is to meet the long-term interest of the investors
The fund family aims to support the requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions. It offers investment management strategies and services in 18 countries. It invests in equities, multi-assets, fixed income real estates and alternative markets.
Below we share with you 3 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 SmallCap S&P 600 Index R5 (PSSPX - Free Report) invests a bulk of its assets in securities of companies from the S&P SmallCap 600 Index. In this index, the market-cap of companies ranges between $58.0 million and $4.5 billion. PSSPX seeks capital growth for the long run. Principal SmallCap S&P 600 Index R5 returned 20% over the last one-year period.
PSSPXhas an expense ratio of 0.42% compared to the category average of 1.23%.
Principal Short-Term Income J (PSJIX - Free Report) seeks growth of income and stability of principal. PSJIX invests mainly in fixed-income debt securities, including high quality short-term bonds, which are rated Baa3 or higher by Moody's or BBB- or higher by S&P's Rating Service. Principal Short-Term Income J returned 1.9% over the last one-year period.
As of October 2016, PSJIX held 422 issues, with 1.35% of its assets invested in FNMA 1.5%.
Principal LargeCap Value A invests majority of its assets in equity securities of large-cap companies from the Russell 1000 Value Index. According to the index, large-cap companies are those whose market-cap ranges between $383.0 million and $448.8 billion. PCACX seeks appreciation of capital for the long run. Principal LargeCap Value A returned 5.1% over the last one-year period.
Joel Fortney is the one of the fund managers and has managed PCACX since 2014.
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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