Principal MidCap Fund Class J (PMBJX)
| Fund Assets | 30.87B |
| Expense Ratio | 0.82% |
| Min. Investment | $1,000 |
| Turnover | 10.50% |
| Dividend (ttm) | 1.42 |
| Dividend Yield | 3.25% |
| Dividend Growth | 50.02% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 43.29 |
| YTD Return | 5.95% |
| 1-Year Return | 21.68% |
| 5-Year Return | 95.28% |
| 52-Week Low | 36.52 |
| 52-Week High | 45.48 |
| Beta (5Y) | n/a |
| Holdings | 75 |
| Inception Date | Mar 1, 2001 |
About PMBJX
Principal MidCap Fund Class J is an actively managed mutual fund focused on achieving long-term capital growth by investing primarily in U.S. companies with medium market capitalizations. The fund’s strategy involves allocating at least 80% of its net assets, plus any borrowings for investment purposes, to equity securities of mid-cap firms—typically those whose market values fall within the range of the Russell MidCap Index. Noteworthy for its highly active investment style, the fund emphasizes owner-operator companies, prioritizing leadership with significant stake and a long-term approach to capital allocation. This often results in higher active share and more concentrated top holdings than many of its peers. Managed by an experienced team, the fund seeks to outperform its benchmark by identifying growth-oriented businesses poised for expansion. Principal MidCap Fund Class J plays a significant role in the market by providing investors access to the dynamic mid-cap growth segment, which bridges the gap between the stability of large-cap companies and the rapid growth potential of smaller firms. The fund also maintains a diversified approach by including select foreign equity opportunities in its portfolio.
Performance
PMBJX had a total return of 21.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.38%.
Top 10 Holdings
43.06% of assets| Name | Symbol | Weight |
|---|---|---|
| HEICO Corporation | HEI.A | 5.38% |
| TransDigm Group Incorporated | TDG | 5.20% |
| Brookfield Corporation | BN | 5.20% |
| Hilton Worldwide Holdings Inc. | HLT | 4.59% |
| O'Reilly Automotive, Inc. | ORLY | 4.38% |
| Vulcan Materials Company | VMC | 4.11% |
| Copart, Inc. | CPRT | 4.11% |
| KKR & Co. Inc. | KKR | 3.86% |
| Brown & Brown, Inc. | BRO | 3.51% |
| Brookfield Infrastructure Partners L.P. | BIP | 2.72% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.0251 | Dec 27, 2024 |
| Dec 12, 2024 | $1.3963 | Dec 12, 2024 |
| Dec 13, 2023 | $0.9475 | Dec 13, 2023 |
| Dec 13, 2022 | $0.9922 | Dec 13, 2022 |
| Dec 13, 2021 | $3.3309 | Dec 13, 2021 |
| Dec 11, 2020 | $0.3916 | Dec 11, 2020 |