Principal MidCap Fund Institutional Class (PCBIX)
| Fund Assets | 31.63B |
| Expense Ratio | 0.68% |
| Min. Investment | $1,000 |
| Turnover | 10.50% |
| Dividend (ttm) | 1.45 |
| Dividend Yield | 3.03% |
| Dividend Growth | 51.25% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 47.96 |
| YTD Return | 7.61% |
| 1-Year Return | 19.88% |
| 5-Year Return | 86.60% |
| 52-Week Low | 39.90 |
| 52-Week High | 49.57 |
| Beta (5Y) | n/a |
| Holdings | 76 |
| Inception Date | Mar 1, 2001 |
About PCBIX
Principal MidCap Fund Institutional Class is a mutual fund focusing on U.S. companies with medium market capitalizations. Its main objective is to achieve long-term capital growth by investing at least 80% of its assets in equity securities of mid-cap firms, generally those within the market capitalization range of the Russell MidCap Index. The fund employs an actively managed strategy that emphasizes a high "active share," allowing significant deviation from index weights and resulting in a more concentrated portfolio compared to peers. A key feature is its focus on companies led by owner-operators, reflecting a belief that management with significant personal stakes tends to be more committed, cost-conscious, and oriented towards long-term capital allocation. The fund is managed by an experienced investment team with a track record of navigating multiple market cycles. Principal MidCap Fund Institutional Class plays a significant role in providing diversification and growth potential within the mid-cap segment of the equity market, appealing to institutional investors seeking exposure to dynamic, growth-oriented U.S. businesses.
Performance
PCBIX had a total return of 19.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.80%.
Top 10 Holdings
43.37% of assets| Name | Symbol | Weight |
|---|---|---|
| HEICO Corporation | HEI.A | 5.58% |
| Brookfield Corporation | BN | 5.33% |
| TransDigm Group Incorporated | TDG | 5.15% |
| Hilton Worldwide Holdings Inc. | HLT | 4.82% |
| O'Reilly Automotive, Inc. | ORLY | 4.15% |
| KKR & Co. Inc. | KKR | 4.14% |
| Vulcan Materials Company | VMC | 4.01% |
| Copart, Inc. | CPRT | 3.83% |
| Brown & Brown, Inc. | BRO | 3.56% |
| Live Nation Entertainment, Inc. | LYV | 2.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.0581 | Dec 27, 2024 |
| Dec 12, 2024 | $1.3963 | Dec 12, 2024 |
| Dec 27, 2023 | $0.0141 | Dec 27, 2023 |
| Dec 13, 2023 | $0.9475 | Dec 13, 2023 |
| Dec 13, 2022 | $0.9922 | Dec 13, 2022 |
| Dec 13, 2021 | $3.3309 | Dec 13, 2021 |