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Name

As of 03/01/2021

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

Principal MidCap Growth Fund III

PPQNX | Fund

$12.62

$1.08 B

-

-

Vitals

YTD Return

2.8%

1 yr return

44.2%

3 Yr Avg Return

18.9%

5 Yr Avg Return

19.0%

Net Assets

$1.08 B

Holdings in Top 10

18.0%

52 WEEK LOW AND HIGH

$12.3
$6.64
$13.14

Expenses

OPERATING FEES

Expense Ratio N/A

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 50.70%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 03/01/2021

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

Principal MidCap Growth Fund III

PPQNX | Fund

$12.62

$1.08 B

-

-

PPQNX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 18.9%
  • 5 Yr Annualized Total Return 19.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Principal MidCap Growth Fund III
  • Fund Family Name
    Principal Funds
  • Inception Date
    Dec 06, 2000
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Randy Welch

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® Growth Index (as of December 31, 2021, this range was between approximately $1.2 billion and $59.1billion). The Fund invests in growth equity securities, an investment strategy that emphasizes buying equity securities of companies whose potential for growth of capital and earnings is expected to be above average.The Fund is primarily actively managed by the sub-advisors. In addition, Principal Global Investors, LLC may invest up to 30% of the Fund’s assets using an index sampling strategy designed to match the performance of the Russell Midcap®Growth Index.
Read More

PPQNX - Performance

Return Ranking - Trailing

Period PPQNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -5.2% 46.9% 40.36%
1 Yr 44.2% 8.7% 167.1% 64.74%
3 Yr 18.9%* 5.6% 59.3% 60.92%
5 Yr 19.0%* 11.3% 52.6% 70.16%
10 Yr 11.6%* 7.1% 23.8% 88.85%

* Annualized

Return Ranking - Calendar

Period PPQNX Return Category Return Low Category Return High Rank in Category (%)
2023 27.1% -69.7% 2474.5% 47.16%
2022 21.8% -50.2% 44.9% 67.24%
2021 -17.1% -70.5% 9.2% 59.50%
2020 7.0% -21.1% 84.9% 86.48%
2019 3.5% -61.7% 39.8% 34.15%

Total Return Ranking - Trailing

Period PPQNX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -5.2% 49.2% 40.52%
1 Yr 44.2% 2.5% 167.1% 61.22%
3 Yr 18.9%* 3.5% 59.3% 59.39%
5 Yr 19.0%* 11.1% 52.6% 68.38%
10 Yr 11.6%* 7.1% 23.8% 88.45%

* Annualized

Total Return Ranking - Calendar

Period PPQNX Return Category Return Low Category Return High Rank in Category (%)
2023 27.1% -69.7% 2474.5% 47.16%
2022 21.8% -50.2% 44.9% 67.24%
2021 -17.1% -51.7% 12.2% 74.37%
2020 7.0% -7.0% 84.9% 95.62%
2019 3.5% -61.7% 39.8% 55.42%

NAV & Total Return History

PPQNX - Holdings

Concentration Analysis

PPQNX Category Low Category High PPQNX % Rank
Net Assets 1.08 B 250 K 38.8 B 51.43%
Number of Holdings 392 14 2625 3.06%
Net Assets in Top 10 189 M 224 K 10.3 B 57.97%
Weighting of Top 10 17.96% 4.8% 99.4% 85.95%

Top 10 Holdings

  1. Synopsys Inc 2.26%
  2. Align Technology Inc 2.20%
  3. Pool Corp 1.94%
  4. Chipotle Mexican Grill Inc 1.77%
  5. IDEXX Laboratories Inc 1.74%
  6. Burlington Stores Inc 1.68%
  7. Marketaxess Holdings Inc 1.65%
  8. Principal Government Money Market Instl 1.61%
  9. Veeva Systems Inc Class A 1.60%
  10. Tyler Technologies Inc 1.60%

Asset Allocation

Weighting Return Low Return High PPQNX % Rank
Stocks 		98.70% 15.26% 102.10% 43.16%
Cash 		1.30% -53.51% 32.09% 55.72%
Preferred Stocks 		0.00% 0.00% 2.38% 65.86%
Other 		0.00% -2.23% 73.51% 68.28%
Convertible Bonds 		0.00% 0.00% 1.16% 65.06%
Bonds 		0.00% 0.00% 20.61% 65.38%

Stock Sector Breakdown

Weighting Return Low Return High PPQNX % Rank
Technology 		32.77% 0.00% 63.56% 46.05%
Healthcare 		21.96% 0.00% 39.30% 40.74%
Consumer Cyclical 		14.98% 0.00% 67.94% 28.34%
Industrials 		14.70% 0.00% 34.97% 33.01%
Financial Services 		4.88% 0.00% 69.35% 56.68%
Communication Services 		4.59% 0.00% 29.73% 59.90%
Consumer Defense 		2.14% 0.00% 15.26% 60.55%
Basic Materials 		1.76% 0.00% 11.96% 40.26%
Real Estate 		1.75% 0.00% 20.88% 60.06%
Energy 		0.45% 0.00% 10.35% 24.96%
Utilities 		0.01% 0.00% 6.08% 26.25%

Stock Geographic Breakdown

Weighting Return Low Return High PPQNX % Rank
US 		95.41% 10.39% 100.02% 33.49%
Non US 		3.29% 0.00% 33.89% 65.38%

PPQNX - Expenses

Operational Fees

PPQNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.05% 31.23% 23.26%
Management Fee 0.88% 0.00% 1.50% 82.62%
12b-1 Fee 0.30% 0.00% 1.00% 64.31%
Administrative Fee 0.20% 0.01% 0.40% 88.74%

Sales Fees

PPQNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PPQNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.20% 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.

PPQNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.70% 0.00% 457.00% 49.66%

PPQNX - Distributions

Dividend Yield Analysis

PPQNX Category Low Category High PPQNX % Rank
Dividend Yield 0.00% 0.00% 1.35% 65.29%

Dividend Distribution Analysis

PPQNX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

PPQNX Category Low Category High PPQNX % Rank
Net Income Ratio -1.07% -69.00% 1.59% 86.45%

Capital Gain Distribution Analysis

PPQNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PPQNX - Fund Manager Analysis

Managers

Randy Welch

Start Date

Tenure

Tenure Rank

Jun 02, 2009

11.75

11.8%

Mr. Welch is a Vice President of Principal Management Corporation. Mr. Welch joined the Principal Financial Group in 1989 and oversees the functions of the Investment Services group, which includes investment manager research, investment consulting, performance analysis, and investment communication. He is also responsible for the due diligence program that monitors investment managers used by the Principal Funds. Mr. Welch is an affiliate member of the Chartered Financial Analysts (CFA) Institute. Mr. Welch earned a B.A. in Business/ Finance from Grand View College and an M.B.A. from Drake University.

James Fennessey

Start Date

Tenure

Tenure Rank

Jun 02, 2009

11.75

11.8%

Mr. Fennessey, CFA, Vice President of Principal Management Corporation. Mr. Fennessey joined the Principal Financial Group in 2000. He is the Head of the Manager Research Team that is responsible for analyzing, interpreting and coordinating investment performance data and evaluation of the investment managers under the due diligence program that monitors investment managers used by the Principal Funds and is a member of the Principal Funds Investment Committee. Fennessey earned a B.S. in Business Administration, with an emphasis in Finance, and a minor in Economics from Truman State University. He has earned the right to use the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.04 8.17 0.21

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