PCBIX: Principal MidCap Institutional

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PCBIX Principal MidCap Institutional

  • Fund
  • PCBIX
  • Price as of: Jan 17, 2020
  • $32.33
    + $0.14 + 0.44%

Profile

PCBIX - Profile

Vitals

  • YTD Return 4.6%
  • 3 Yr Annualized Return 12.0%
  • 5 Yr Annualized Return 8.6%
  • Net Assets $18 B
  • Holdings in Top 10 29.8%

52 WEEK LOW AND HIGH

$32.33
$23.85
$32.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

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

BROKERAGE FEES

  • Turnover 13.60%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Aug 15, 2013
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return 17.6%
  • 5 Yr Annualized Total Return 13.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Principal MidCap Fund Institutional Class
  • Fund Family Name
    Principal Funds
  • Inception Date
    Mar 01, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • 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 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. The fund also invests in foreign securities.


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Categories

Performance

PCBIX - Performance

Return Ranking - Trailing

Period PCBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% 0.0% 8.8% 41.95%
1 Yr 33.7% -52.2% 49.4% 13.72%
3 Yr 12.0%* -38.1% 45.0% 35.81%
5 Yr 8.6%* -28.0% 25.8% 33.82%
10 Yr 10.7%* -12.1% 20.0% 35.69%

* Annualized

Return Ranking - Calendar

Period PCBIX Return Category Return Low Category Return High Rank in Category (%)
2019 36.3% -50.2% 44.9% 7.24%
2018 -16.9% -51.7% 102.3% 57.89%
2017 21.3% -21.1% 36.0% 23.34%
2016 7.6% -61.7% 40.3% 16.19%
2015 -4.6% -54.0% 12.2% 35.99%

Total Return Ranking - Trailing

Period PCBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% 0.0% 8.8% 41.95%
1 Yr 33.7% -52.2% 49.4% 11.68%
3 Yr 17.6%* -33.2% 45.0% 15.96%
5 Yr 13.7%* -20.6% 25.8% 9.45%
10 Yr 15.9%* -10.8% 20.0% 2.45%

* Annualized

Total Return Ranking - Calendar

Period PCBIX Return Category Return Low Category Return High Rank in Category (%)
2019 36.3% -50.2% 44.9% 7.24%
2018 -6.9% -51.7% 102.3% 34.05%
2017 25.3% -7.0% 39.4% 30.93%
2016 10.3% -61.7% 40.3% 18.65%
2015 1.4% -54.0% 12.2% 26.08%

NAV & Total Return History


Holdings

PCBIX - Holdings

Concentration Analysis

PCBIX Category Low Category High PCBIX % Rank
Net Assets 18 B 740 K 34.6 B 3.36%
Number of Holdings 84 1 2554 43.62%
Net Assets in Top 10 5.34 B 183 K 5.97 B 2.01%
Weighting of Top 10 29.80% 5.5% 100.0% 29.19%

Top 10 Holdings

  1. Brookfield Asset Management Inc Class A 4.33%
  2. TransDigm Group Inc 4.20%
  3. CarMax Inc 3.08%
  4. Markel Corp 2.88%
  5. O'Reilly Automotive Inc 2.78%
  6. SBA Communications Corp 2.69%
  7. Hilton Worldwide Holdings Inc 2.62%
  8. Restaurant Brands International Inc 2.45%
  9. Gartner Inc A 2.40%
  10. Copart Inc 2.37%

Asset Allocation

Weighting Return Low Return High PCBIX % Rank
Stocks
99.92% 89.33% 121.88% 6.54%
Cash
0.09% -27.03% 11.17% 91.78%
Preferred Stocks
0.00% 0.00% 1.89% 45.47%
Other
0.00% -11.06% 5.15% 46.31%
Convertible Bonds
0.00% 0.00% 0.07% 42.45%
Bonds
0.00% 0.00% 2.56% 43.46%

Stock Sector Breakdown

Weighting Return Low Return High PCBIX % Rank
Financial Services
21.25% 0.00% 40.35% 3.69%
Industrials
17.63% 0.00% 33.54% 48.49%
Consumer Cyclical
17.63% 2.84% 58.77% 19.13%
Technology
17.19% 0.00% 56.36% 91.78%
Real Estate
7.89% 0.00% 52.42% 16.61%
Communication Services
7.28% 0.00% 17.52% 4.53%
Basic Materials
5.23% 0.00% 19.70% 7.21%
Healthcare
2.29% 0.00% 38.81% 96.98%
Utilities
2.14% 0.00% 6.40% 12.42%
Consumer Defense
1.47% 0.00% 16.09% 77.01%
Energy
0.00% 0.00% 12.44% 81.38%

Stock Geographic Breakdown

Weighting Return Low Return High PCBIX % Rank
US
88.01% 80.04% 115.67% 86.91%
Non US
11.91% 0.00% 17.06% 4.19%

Expenses

PCBIX - Expenses

Operational Fees

PCBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.00% 27.43% 92.87%
Management Fee 0.58% 0.00% 1.50% 10.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

PCBIX 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% 5.00% N/A

Trading Fees

PCBIX 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.

PCBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.60% 1.24% 385.00% 10.02%

Distributions

PCBIX - Distributions

Dividend Yield Analysis

PCBIX Category Low Category High PCBIX % Rank
Dividend Yield 0.00% 0.00% 41.57% 43.62%

Dividend Distribution Analysis

PCBIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

PCBIX Category Low Category High PCBIX % Rank
Net Income Ratio 0.34% -2.55% 2.65% 6.63%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PCBIX - Fund Manager Analysis

Managers

K. William Nolin


Start Date

Tenure

Tenure Rank

Dec 06, 2000

19.08

19.1%

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

Mar 01, 2013

6.84

6.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.02 8.07 2.84