About PPUMX
Principal LargeCap Growth Fund I R-3 Class is an actively managed mutual fund designed to achieve long-term capital appreciation through investments in growth-oriented equity securities. The fund primarily targets companies with large market capitalizations, allocating at least 80% of its net assets to this segment. It applies a growth investment strategy that focuses on companies expected to deliver above-average capital and earnings growth. The portfolio is concentrated in leading sectors such as technology, consumer discretionary, communication services, and healthcare, with substantial holdings in industry giants like Microsoft, NVIDIA, Amazon, and Apple. The fund employs a bottom-up stock selection process, emphasizing positive business momentum and earnings surprises, typically investing in companies with strong profit margins and high growth rates relative to benchmark indices. As a non-diversified fund, it maintains a focused portfolio, often holding 40-60 companies, and seeks to outperform the Russell 1000 Growth Index over a full market cycle. Principal LargeCap Growth Fund I R-3 Class plays a significant role for investors seeking exposure to the U.S. large-cap growth equity market within diversified portfolios, especially in retirement-oriented account structures.
Fund Family Principal Funds
Category Large-Cap Growth
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol PPUMX
Share Class R-3
Index Russell 1000 Growth TR
PPUMX had a total return of 2.51% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.53%.
