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Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Blue Chip Fund

PGBEX | Fund

$40.34

$11.1 B

0.00%

1.17%

Vitals

YTD Return

6.3%

1 yr return

34.8%

3 Yr Avg Return

5.0%

5 Yr Avg Return

14.2%

Net Assets

$11.1 B

Holdings in Top 10

57.2%

52 WEEK LOW AND HIGH

$40.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.60%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Blue Chip Fund

PGBEX | Fund

$40.34

$11.1 B

0.00%

1.17%

PGBEX - Profile

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 14.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Blue Chip Fund
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 30, 2016
  • Shares Outstanding
    N/A
  • Share Class
    R3
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    K. William Nolin

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 large market capitalizations at the time of purchase that, in the opinion of Principal Global Investors, LLC (“PGI”), the Fund’s investment advisor, display characteristics of a “blue chip” company. For this Fund, companies with large market capitalizations are those with market capitalizations similar to companies in the Russell 1000® Growth Index (as of November 30, 2023, this was between approximately $651.9 million and $3.0 trillion). In PGI’s view, “blue chip” companies typically display some or all of the following characteristics: (1) large, well-established, and financially sound companies; (2) issuers with market capitalizations in the billions; (3) are considered market leaders or among the top three companies in its sector; and (4) commonly considered household names. The Fund tends to focus on securities of companies that show potential for growth of capital as well as an expectation for above-average earnings. In selecting securities in which to invest, PGI uses a bottom-up, fundamental process, focusing on a fundamental analysis of individual companies. The Fund invests in securities of foreign companies. The Fund invested significantly in industries within the financials and information technology sectors as of November 30, 2023.
Read More

PGBEX - Performance

Return Ranking - Trailing

Period PGBEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -15.5% 20.9% 73.48%
1 Yr 34.8% -22.1% 61.0% 41.63%
3 Yr 5.0%* -31.0% 22.5% 51.49%
5 Yr 14.2%* -16.4% 29.0% 43.14%
10 Yr N/A* -5.7% 18.8% N/A

* Annualized

Return Ranking - Calendar

Period PGBEX Return Category Return Low Category Return High Rank in Category (%)
2023 39.2% -74.1% 72.4% 29.49%
2022 -31.5% -85.9% 4.7% 35.05%
2021 16.5% -52.4% 60.5% 23.17%
2020 29.7% -34.3% 145.0% 38.74%
2019 32.1% -21.8% 49.4% 14.04%

Total Return Ranking - Trailing

Period PGBEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.3% -15.5% 20.9% 73.48%
1 Yr 34.8% -22.1% 61.0% 41.63%
3 Yr 5.0%* -31.0% 22.5% 51.49%
5 Yr 14.2%* -16.4% 29.0% 43.14%
10 Yr N/A* -5.7% 18.8% N/A

* Annualized

Total Return Ranking - Calendar

Period PGBEX Return Category Return Low Category Return High Rank in Category (%)
2023 39.2% -4.6% 72.4% 45.23%
2022 -31.1% -61.7% 5.6% 52.97%
2021 24.5% -39.8% 118.1% 30.68%
2020 34.2% 2.8% 149.2% 53.21%
2019 38.1% -5.2% 49.4% 10.10%

NAV & Total Return History

PGBEX - Holdings

Concentration Analysis

PGBEX Category Low Category High PGBEX % Rank
Net Assets 11.1 B 242 K 269 B 19.34%
Number of Holdings 39 1 3217 79.66%
Net Assets in Top 10 5.68 B 104 K 111 B 18.40%
Weighting of Top 10 57.22% 0.7% 205.0% 16.41%

Top 10 Holdings

  1. Microsoft Corp 12.67%
  2. Amazon.com Inc 7.98%
  3. Alphabet Inc - C Shares 5.23%
  4. TransDigm Group Inc 4.95%
  5. Adobe Inc 4.75%
  6. Brookfield Corp 4.65%
  7. Visa Inc 4.64%
  8. Mastercard Inc 4.59%
  9. Intuit Inc 4.01%
  10. Progressive Corp/The 3.76%

Asset Allocation

Weighting Return Low Return High PGBEX % Rank
Stocks 		99.91% 0.00% 130.05% 7.17%
Cash 		0.70% -1.50% 173.52% 64.47%
Preferred Stocks 		0.00% 0.00% 7.84% 38.14%
Other 		0.00% -43.49% 50.04% 43.63%
Convertible Bonds 		0.00% 0.00% 1.94% 29.16%
Bonds 		0.00% 0.00% 104.15% 31.90%

Stock Sector Breakdown

Weighting Return Low Return High PGBEX % Rank
Financial Services 		25.77% 0.00% 43.06% 1.78%
Technology 		22.98% 0.00% 65.70% 90.70%
Communication Services 		12.62% 0.00% 66.40% 28.49%
Consumer Cyclical 		12.52% 0.00% 62.57% 68.72%
Industrials 		9.97% 0.00% 30.65% 12.09%
Real Estate 		6.73% 0.00% 16.05% 2.11%
Healthcare 		6.33% 0.00% 39.76% 95.52%
Basic Materials 		2.00% 0.00% 18.91% 33.81%
Consumer Defense 		1.09% 0.00% 25.50% 80.39%
Utilities 		0.00% 0.00% 16.07% 48.94%
Energy 		0.00% 0.00% 41.09% 65.68%

Stock Geographic Breakdown

Weighting Return Low Return High PGBEX % Rank
US 		99.91% 0.00% 130.05% 6.41%
Non US 		0.00% 0.00% 78.10% 51.14%

PGBEX - Expenses

Operational Fees

PGBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.01% 19.54% 33.76%
Management Fee 0.59% 0.00% 1.50% 41.86%
12b-1 Fee 0.25% 0.00% 1.00% 33.92%
Administrative Fee N/A 0.01% 1.02% 30.23%

Sales Fees

PGBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PGBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

PGBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.60% 0.00% 316.74% 36.64%

PGBEX - Distributions

Dividend Yield Analysis

PGBEX Category Low Category High PGBEX % Rank
Dividend Yield 0.00% 0.00% 28.10% 60.02%

Dividend Distribution Analysis

PGBEX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

PGBEX Category Low Category High PGBEX % Rank
Net Income Ratio -0.70% -6.13% 3.48% 75.93%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PGBEX - Fund Manager Analysis

Managers

K. William Nolin

Start Date

Tenure

Tenure Rank

Jun 14, 2012

9.97

10.0%

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.

Thomas Rozycki

Start Date

Tenure

Tenure Rank

Dec 28, 2012

9.43

9.4%

Tom is the head 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.2 2.92

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