Principal Financial Group is a renowned publicly owned global investment management firm headquartered in Des Moines, Iowa. The fund family aims to support the requirements of both individual and institutional investors with their asset management services, insurance and retirement solutions.
Principal Financial Group was founded in 1879 and manages assets worth over $591.6 billion (as of December 31, 2016) raised in the country. It offers investment management strategies and services in 18 countries. The company invests in equities, multi-assets, fixed income real estates and alternative markets.
Below we share with you four top-rated Principal Financial mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Principal Financial funds.
Principal High Yield A (CPHYX - Free Report) seeks growth of income. CPHYX invests a bulk of its assets in debt securities that are rated below investment grade, which is BB+ or lower by S&P Global and Ba1 or lower by Moody's. The fund may also invest in securities of foreign companies, which are located in developing or emerging nations. Principal High Yield Areturned 14.9% in the last one year.
Darrin Smith has been one of the fund managers of CPHYX since 2009.
Principal LargeCap Value J (PVLJX - Free Report) invests the 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 $394.9 million and $634.4 billion. PVLJXseeks capital appreciation for the long run. Principal LargeCap Value J returned 13.7% over the last one year.
PVLJX has an expense ratio of 0.73% compared with the category average of 1.08%.
Principal Income J (PIOJX - Free Report) seeks growth of income and preservation of principal. PIOJXinvests in a wide variety of fixed-income debt securities including mortgage-caked securities, and government and corporate bonds. The fund may also invest around 35% of its assets in bonds, which are rated BB+ or lower by S&P Global and Ba1 or lower by Moody's. Principal Income J returned 3.9% over the last one year.
As of January 2017, PIOJX held 375 issues with 0.96% of its assets invested in Roche Hldgs 144A FRN.
Principal SmallCap S&P 600 Index J (PSSJX - Free Report) invests a large part of its assets in equity securities of companies from the S&P SmallCap 600 Index. According to the index, small-cap companies are those whose market-cap ranges between $51.6 million and $4.5 billion. Principal SmallCap S&P 600 Index J returned 27.5% over the last one year.
PSSJX has an expense ratio of 0.47% compared with the category average of 1.22%.
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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