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PCBIX Principal MidCap Institutional

  • Fund
  • PCBIX
  • Price as of: Jul 21, 2017
  • $25.94
  • + $0.13
  • + 0.50%
  • Category
  • Mid Cap Growth Equities

PCBIX - Profile

Vitals

  • YTD Return 15.3%
  • 3 Yr Annualized Return 6.1%
  • 5 Yr Annualized Return 12.0%
  • Net Assets $14 B
  • Holdings in Top 10 32.2%

52 WEEK LOW AND HIGH

$25.94
$21.78
$25.94

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.40%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2013-08-15

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Growth

Distributions

  • YTD Total Return 15.3%
  • 3 Yr Annualized Total Return 10.5%
  • 5 Yr Annualized Total Return 17.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.49%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Principal MidCap Fund
  • Fund Family Name Principal Funds
  • Inception Date Mar 01, 2001
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Thomas Rozycki

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with medium market capitalizations at the time of purchase. For this fund, companies with medium market capitalizations are those with market capitalizations within the range of companies comprising the Russell Midcap® Index (as of December 31, 2016, this range was between approximately $394.9 million and $57.0 billion). The fund also invests in foreign securities.

PCBIX - Performance

Return Ranking - Trailing

Period PCBIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.3% -98.2% 32.4% 31.48% 2
1 Yr 15.0% -20.6% 39.0% 28.25% 2
3 Yr 6.1% * -5.9% 28.7% 17.92% 1
5 Yr 12.0% * 2.5% 20.1% 13.27% 1
10 Yr 5.0% * -0.4% 12.7% 14.32% 1

* Annualized


Return Ranking - Calendar

Period PCBIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.6% -70.5% 27.9% 13.98% 1
2015 -4.6% -82.5% 12.2% 28.66% 2
2014 6.9% -40.7% 31.3% 10.03% 1
2013 30.5% -27.0% 200.0% 31.76% 2
2012 16.0% -17.1% 26.4% 12.11% 1

Total Return Ranking - Trailing

Period PCBIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.3% -59.7% 32.4% 31.67% 2
1 Yr 15.0% -35.2% 876.4% 29.58% 2
3 Yr 10.5% * -4.8% 23.6% 9.95% 1
5 Yr 17.9% * 2.0% 20.1% 25.56% 2
10 Yr 11.3% * -0.4% 12.7% 15.10% 1

* Annualized


Total Return Ranking - Calendar

Period PCBIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 7.6% -98.2% 27.9% 17.16% 1
2015 1.5% -43.1% 19.2% 27.26% 2
2014 14.3% -23.5% 141.0% 10.22% 1
2013 41.3% -22.5% 561.9% 73.49% 4
2012 25.5% -11.3% 4114.7% 34.52% 2

NAV & Total Return History

PCBIX - Holdings

Filings data as of: May 31, 2017

Concentration Analysis

PCBIX Category Low Category High PCBIX % Rank Quintile
Net Assets 14 B 281 K 28.3 B 0.45% 1
Number of Holdings 83 1 2304 9.66% 3
Net Assets in Top 10 4.46 B 0 4.69 B 0.30% 1
Weighting of Top 10 32.2% 0.0% 128.2% 10.70% 2

Top 10 Holdings

  1. Brookfield Asset Management Inc Class A 4.80%
  2. Markel Corp 3.23%
  3. Aon PLC 3.73%
  4. Moody's Corporation 2.82%
  5. TransDigm Group Inc 3.40%
  6. CarMax Inc 2.82%
  7. Restaurant Brands International Inc 2.75%
  8. SBA Communications Corp 4.04%
  9. Autodesk Inc 2.45%
  10. S&P Global Inc 2.21%

Asset Allocation

Weighting Category Low Category High PCBIX % Rank Quintile
Stocks
99.95% 0.00% 118.10% 1.63% 1
Cash
0.05% -18.09% 100.00% 27.79% 4
Preferred Stocks
0.00% 0.00% 4.60% 2.38% 2
Other
0.00% -10.78% 79.22% 11.00% 3
Convertible Bonds
0.00% 0.00% 1.50% 1.19% 2
Bonds
0.00% 0.00% 37.99% 2.53% 2

Stock Sector Breakdown

Weighting Category Low Category High PCBIX % Rank Quintile
Financial Services
21.99% 0.00% 41.14% 1.63% 1
Consumer Cyclical
18.83% 0.00% 52.30% 12.04% 2
Industrials
15.70% 0.00% 37.22% 21.40% 4
Technology
10.92% 2.60% 47.82% 33.88% 5
Real Estate
9.74% 0.00% 29.90% 2.23% 1
Communication Services
7.70% 0.00% 18.29% 1.49% 1
Basic Materials
5.84% 0.00% 12.40% 6.84% 1
Consumer Defense
3.49% -0.01% 22.39% 23.33% 4
Healthcare
3.36% 0.00% 33.41% 34.47% 5
Utilities
2.39% -0.03% 11.08% 4.16% 1
Energy
0.00% 0.00% 11.48% 26.60% 5

Stock Geographic Breakdown

Weighting Category Low Category High PCBIX % Rank Quintile
US
87.59% 0.00% 112.38% 28.97% 5
Non US
12.36% 0.00% 37.99% 1.93% 1

PCBIX - Expenses

Operational Fees

PCBIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.68% 0.07% 111.05% 29.81% 1
Management Fee 0.59% 0.06% 1.50% 5.94% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 25000.00% N/A N/A

Sales Fees

PCBIX Fees (% of AUM) Category Low Category High PCBIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

PCBIX Fees (% of AUM) Category Low Category High PCBIX Rank Quintile
Max Redemption Fee N/A 0.05% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PCBIX Fees (% of AUM) Category Low Category High PCBIX Rank Quintile
Turnover 22.40% 0.00% 687.00% 19.08% 1

PCBIX - Distributions

Dividend Yield Analysis

PCBIX Category Low Category High PCBIX % Rank Quintile
Dividend Yield 0.1% 0.00% 5.39% 50.22% 3

Dividend Distribution Analysis

PCBIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PCBIX Category Low Category High PCBIX % Rank Quintile
Net Income Ratio 0.49% -2.43% 1.49% 4.32% 1

Capital Gain Distribution Analysis

PCBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PCBIX - Managers

Thomas Rozycki

Manager

Start Date

Mar 01, 2013

Tenure

4.33

Tenure Rank

12.4%

Tom is the director of research for Aligned Investors, an investment boutique within Principal Global Investors. He is responsible for coordinating the research effort at Aligned Investors and also serves as portfolio manager for its MidCap and Blue Chip strategies. Tom joined the firm in 2001. He received a bachelor’s degree in finance from Drake University. Tom is a CFA charterholder and a member of the CFA Institute.


K. William Nolin

Manager

Start Date

Dec 06, 2000

Tenure

16.58

Tenure Rank

2.0%

Bill is the chief investment officer for Aligned Investors, an investment boutique within Principal Global Investors. He has served as lead portfolio manager for the Principal MidCap Fund since its 2001 inception and related portfolios since 1999. Bill and his dedicated investment team subsequently introduced the Principal Blue Chip strategy in 2012, utilizing the same philosophy and process while extending the team’s reach to larger companies. Bill joined Principal in 1993 in corporate credit research and transitioned to equities research in 1996. He earned an MBA from the Yale School of Management, and a bachelor’s degree in finance from the University of Iowa. Bill is a CFA charterholder and a member of the CFA Institute.


Tenure Analysis

Category Low

0.0

Category High

31.4

Category Average

7.18

Category Mode

2.5