Principal Blue Chip Fund Class R-3 (PGBEX)
| Fund Assets | 11.10B |
| Expense Ratio | 1.14% |
| Min. Investment | $0.00 |
| Turnover | 14.70% |
| Dividend (ttm) | 2.06 |
| Dividend Yield | 4.34% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 47.50 |
| YTD Return | 7.97% |
| 1-Year Return | 20.99% |
| 5-Year Return | 96.19% |
| 52-Week Low | 37.84 |
| 52-Week High | 48.20 |
| Beta (5Y) | n/a |
| Holdings | 45 |
| Inception Date | Mar 29, 2016 |
About PGBEX
Principal Blue Chip Fund Class R-3 is an actively managed mutual fund focused on achieving long-term capital growth through investments in large-cap "blue chip" companies. The fund primarily allocates at least 80% of its net assets to equities of well-established firms with substantial market capitalizations, typically those included in the Russell 1000 Growth Index. Its strategy emphasizes growth-oriented businesses, targeting companies that demonstrate robust potential for capital appreciation and above-average earnings. Notably, the fund favors owner-operator businesses, seeking to align with management teams that maintain significant personal investment in their companies, under the belief that such alignment fosters prudent capital allocation and a long-term outlook. The fund’s portfolio is concentrated, often holding fewer stocks but with higher conviction, and includes established names such as Microsoft, Amazon.com, and Mastercard. With its focus on large growth companies, both domestic and selectively foreign, Principal Blue Chip Fund Class R-3 plays a significant role for investors seeking exposure to leading firms positioned to drive innovation and sustained performance within the equity markets.
Performance
PGBEX had a total return of 20.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.08%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLGEX | Fidelity | Fidelity Large Cap Growth Enhanced Index Fund | 0.39% |
| FBCGX | Fidelity | Fidelity Blue Chip Growth K6 Fund | 0.46% |
| FHOFX | Fidelity | Fidelity Series Large Cap Growth Index Fund | n/a |
| FBGRX | Fidelity | Fidelity Blue Chip Growth Fund | 0.69% |
| FBGKX | Fidelity | Fidelity Blue Chip Growth Fund - Class K | 0.59% |
Top 10 Holdings
57.60% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 13.43% |
| Amazon.com, Inc. | AMZN | 10.71% |
| TransDigm Group Incorporated | TDG | 5.00% |
| Brookfield Corporation | BN | 4.94% |
| Mastercard Incorporated | MA | 4.82% |
| Visa Inc. | V | 4.67% |
| Netflix, Inc. | NFLX | 4.13% |
| The Progressive Corporation | PGR | 3.76% |
| Cadence Design Systems, Inc. | CDNS | 3.17% |
| Hilton Worldwide Holdings Inc. | HLT | 2.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $2.0582 | Dec 12, 2024 |
| Dec 13, 2022 | $0.1987 | Dec 13, 2022 |
| Dec 13, 2021 | $2.726 | Dec 13, 2021 |
| Dec 11, 2020 | $1.1448 | Dec 11, 2020 |
| Dec 11, 2019 | $1.1453 | Dec 11, 2019 |
| Dec 19, 2018 | $1.5866 | Dec 19, 2018 |